Electronic Document Management System Market Anticipated to Grow at 14.6% CAGR Through 2029: Industry Report

 Whether you're expanding or optimizing within the electronic document management system industry, this report offers the clarity and context needed for confident decision-making.

What Is The Projected Market Size & Growth Rate Of The Electronic Document Management System Market?
The electronic document management system market size has grown rapidly in recent years. It will grow from $6.37 billion in 2024 to $7.28 billion in 2025 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to transition to digital workflows, compliance and regulatory requirements, efficiency and productivity gains, need for centralized information, document version control, paperless office initiatives, risk mitigation and data security.

The electronic document management system market size is expected to see rapid growth in the next few years. It will grow to $12.56 billion in 2029 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to focus on collaboration and remote work, advanced search and metadata capabilities, incorporation of artificial intelligence (AI) and machine learning (ML), increased data governance requirements, focus on sustainable and eco-friendly practices. Major trends in the forecast period include cloud-based solutions, integration with collaboration tools, advanced security measures, artificial intelligence (AI) integration, mobile accessibility, compliance and regulatory alignment.

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Electronic Document Management Market 2025

What Is The Crucial Factor Driving The Global Electronic Document Management System Market?
The rise in remote work and flexible working hours is expected to propel the growth of the electronic document management system market going forward. Remote work and flexible working hours refer to work arrangements that allow employees to work outside of the traditional office setting and outside of standard work hours. The popularity of remote or flexible work is growing as it offers advantages to both businesses and employees, technological improvements, and shifting perspectives on work-life balance. An electronic document management system plays a crucial role in supporting remote work by allowing workers to work together on, access, and manage documents and data from any location. These systems typically have advanced search capabilities, making it easy to find specific documents quickly. For instance, in June 2023, according to reports published by Forbes Media LLC, a US-based media company, 12.7% of full-time employees work from home, while 28.2% use a hybrid model in the US in 2023, and it is expected to reach 32.6 million will be working remotely by 2025. Therefore, the rise in remote work is driving the growth of the electronic document management system market.

Segment Covered In The Electronic Document Management System Market Report
The electronic document management systemmarket covered in this report is segmented –

1) By Solution: Software, Services
2) By Deployment Type: On-Premises, Cloud-Based
3) By Application: Government, Healthcare, Education, Legal, Banking, Financial Services And Insurance (BFSI), Other Applications

Subsegments:
1) By Software: Document Imaging Software, Document Capture Software, Workflow Management Software, Version Control Software, Content Management Systems (CMS)
2) By Services: Implementation Services, Consulting Services, Support And Maintenance Services, Training Services, Cloud Hosting Services

Key Trends Driving Growth In The Electronic Document Management System Market
Major companies operating in the electronic document management system market are experiencing significant growth due to the integration of artificial intelligence and machine learning technologies in EDMS. The integration of artificial intelligence (AI) and machine learning (ML) technologies in electronic document management systems (EDMS) refers to the use of AI and ML to enhance various aspects of document management, such as data processing, decision-making, data security, and data quality. This integration can help in solving business problems effectively, ensuring compliance with standards, analyzing historical data, predicting outcomes, and enhancing data security. For instance, in November 2023, Microsoft Corporation, a US-based technology company, launched SharePoint Premium. This product enhances electronic document management systems (EDMS) by incorporating AI and automation to streamline document processing and minimize manual tasks. AI-driven Intelligent Document Processing (IDP) accelerates data extraction from unstructured documents, such as invoices and contracts. Machine learning customizes the user experience by adapting the interface to individual preferences. Enhanced security features detect and mitigate threats by analyzing usage patterns. Automated compliance processes ensure documents adhere to regulatory standards, reducing the risk of non-compliance. Additionally, integration with Copilot for Microsoft 365 enhances productivity by offering intelligent assistance within workflows.

Key Player In The Electronic Document Management System Market
Major companies operating in the electronic document management system market report are Microsoft Corporation, Oracle Corporation, Xerox Corporation, OpenText Corporation, Zoho Corporation, Ideagen Plc, MasterControl, M-Files DMS, DocuWare, Seismic, eFileCabinet, DocuPhase, DocSTAR, Optix, CGI Group Inc., Lucion Technologies, LogicalDOC, Formstack Documents, FileCenter, Fluix, DocOrigin, Alfresco One Software, Dokmee, Evernote Corporation, QT9 QMS

View the full electronic document management system market report here:
https://www.thebusinessresearchcompany.com/report/electronic-document-management-system-global-market-report

Global Electronic Document Management System Market - Regional Insights:
North America was the largest region in the electronic document management system market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the electronic document management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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