Europe Document Management Software Market Next Big Thing Forecast 2023-2028

Posted on Mar 17 2023 6:18 AM

"Europe Document Management Software Market report provides competitive research on market size, shares, gross margin, and revenue. The company profiles of all the key players and brands that are dominating the market have been given in this report."

The  Europe Document Management Services Market  Report provide comprehensive coverage of both global and regional markets. The report offers data on key participants, such as manufacturers, suppliers, distributors, traders, customers, investors, and others. Additionally, it includes information on important types, applications, and other factors such as capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export, and more. The market research paper also examines the industry chain, manufacturing method, cost structure, and marketing channel

In 2020, the European document management services market was worth USD 385.1 million. The market is expected to grow at a CAGR of 13.0% between 2021 and 2028, from USD 410.5 million in 2021 to USD 965.0 million by 2028.

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The Europe Document Management Services Market is driven by various factors, including:

  • Digital Transformation: As more businesses adopt digital technologies, the demand for document management services is increasing. This is because digital document management systems provide improved efficiency and productivity in managing documents, which is driving the growth of the DMS market.
  • Regulatory Compliance: Regulatory compliance is a major factor driving the adoption of document management services, particularly in industries such as healthcare, finance, and legal. Compliance requirements for document storage, retrieval, and security are increasing, which is driving the demand for DMS solutions.
  • Cloud Technology: Cloud-based document management solutions are becoming increasingly popular, as they offer scalability, flexibility, and cost savings. The adoption of cloud technology is expected to boost the growth of the DMS market.
  • Automation: Document management systems are becoming more advanced, with the integration of automation technologies such as machine learning, artificial intelligence, and robotic process automation. Automation can improve document processing speed, accuracy, and efficiency, which is expected to drive the growth of the DMS market.
  • Increasing Volume of Data: The volume of data generated by businesses is increasing rapidly, which is leading to greater demand for document management solutions. As businesses generate more data, the need for efficient and effective document management solutions is becoming more important.
  • Increasing Adoption of Mobile Devices: With the increasing use of mobile devices in the workplace, the demand for mobile-friendly document management solutions is increasing. This is expected to drive the growth of the DMS market, as businesses look for solutions that can be accessed from anywhere, at any time.

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The segmentation chapter allows readers to understand aspects of the Europe Document Management Services Market

such as product/service types, available technologies, and applications. The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years. The assessment of the Europe Document Management Services Market factors gives a brief overview of the impact on the demand over the forecast period. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders. The growth of the Europe Document Management Services Market was mainly driven by increasing R&D spending across the world.

By Service

  • Archiving and Storage
  • Digital
  • Physical

By End-user

  • Banking, Financial Services and Insurance (BFSI)
  • IT and Telecommunication
  • Government
  • Manufacturing
  • Retail
  • Healthcare
  • Others (Education, Energy)

By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Sweden, Spain, and Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia, and the Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and the Rest of the Middle East & Africa)
  • Latin America (Brazil, Mexico, Argentina and the Rest of Latin America)

Key Players Europe Document Management Services Market :

  • Xerox Corporation (Connecticut, U.S.)
  • Oracle Corporation (Texas, U.S.)
  • Ricoh Company, Ltd. (Tokyo, Japan)
  • Konica Minolta Business Solutions Europe GmbH (Langenhagen, Germany)
  • KYOCERA Document Solutions Inc. (Kyoto, Japan)
  • Iron Mountain Incorporated (Massachusetts, U.S.)
  • Exela Technologies Inc. (Texas, U.S.)
  • Lexmark International, Inc. (Kentucky, U.S.)
  • Hewlett Packard Enterprise Development LP (California, U.S.)
  • Canon Inc. (Tokyo, Japan)

 Competitive Landscape:

Companies are merging and acquiring to increase demand.

Factor Influences the behaviour of the market. They are doing so by adopting strategies such as merger and acquisition, collaboration, and joint ventures, among others and maintaining a market stronghold in the forthcoming years. For example, in April 2018, Exela Technologies Inc., a U.S.-based automation provider, announced the acquisition of Asterion International Group, a German-based document management company. This acquisition will allow the company to expand its operations and product offerings across Europe. It will also provide Asterion customers with access to Exela's document management solutions.

Regional Analysis:

With rising demand for fraud detection and security management, stakeholders anticipate that the United States and Canada will offer lucrative growth opportunities. The demand for business process management services could significantly boost North America's Europe Document Management Services Market share. Furthermore, the increasing penetration of advanced technologies will be beneficial to regional growth.

With a growing trend for information and communication technologies, electronic devices, and networks, Europe's market forecast will be strong. Digitizations will be noticeable in the United Kingdom, France, Germany, and Russia. Over the next few years, large enterprises and SMEs will continue to show interest in data fabric solutions.

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Europe Document Management Services Market Overview:

The market is expected to experience significant growth in the coming years, with a compound annual growth rate (CAGR) of approximately 9% from 2021 to 2026. This growth is driven by a range of factors, including increasing regulatory compliance requirements, the adoption of digital technologies, and the increasing volume of data generated by businesses.

The market is segmented based on component, deployment mode, organization size, and industry vertical. The components of DMS solutions include software and services, with software being the larger segment. The deployment modes of DMS solutions include on-premise and cloud-based, with cloud-based solutions expected to experience the most significant growth.

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Key Points from TOC:


1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

  1. Executive Summary
  2. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

  1. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

  1. Global Europe Document Management Services Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

  1. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

  1. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

  1. Strategic Recommendations

TOC Continued…!

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