Global document management systems market to grow

As one of our key offerings here at Banner Managed Communication, we were naturally excited to read that the global document management systems (DMS) market is due to grow in the following few years. We offer document management to help optimise business communications, both inbound and outbound; so the new Technavio ‘Global Document Management Systems Market Research Report 2015-2019’, which predicts the market will grow at a compound annual growth rate (CAGR) of 14.28% between now and 2019, was positively received by us in the office.

The report covers a number of different market considerations, including both cloud-based and on-premises DMS in the key regions of the Americas, Asia-Pacific and Europe, Middle East and Africa.

It is noted in the report that there are a number of key drivers for this expansion to the market; the key one, however, is the emergence of paperless offices. Where the use of paper is either entirely eliminated or at least greatly reduced, the need to manage online documents is becoming ever more important.

But this has led to concerns in the industry regarding data security – an issue DMS specialists are having to tackle better as businesses seek exceptional online protection for their documents.

DMS helps organisations to manage tasks more effectively and streamline the processing of their documents across a number of different business departments. DMS covers all stages of a document’s lifecycle – from creation and distribution to its final deletion. It can help businesses to extract and leverage relevant business data from their documentation.

To learn more about the DMS market you can download a full copy of the report or contact us at Banner for more details – it looks like we’ll be enjoying the benefits of a positive DMS market until 2019 at least!