Document Management System Market to Grow Exponentially With Rising Adoption of Cloud-based Solutions by End-use Organizations; Market is Estimated to Reach USD 24.34 billion by 2032 with a CAGR of 16.6% during the Forecast Period

The global document management system market size was valued at USD 7.16 billion in 2024. The market is projected to grow from USD 8.32 billion in 2025 to USD 24.34 billion by 2032, exhibiting a CAGR of 16.6% during the forecast period.

Fortune Business Insights™ presents this information in its report titled “Document Management System Market Size, Share & Industry Analysis, By Component (Software and Services), By Deployment (Cloud and On-premise), By Enterprise Type (Small & Medium Enterprise and Large Enterprise), By Industry (BFSI, IT and Telecommunication, Government, Manufacturing, Real Estate, Retail, Healthcare, and Others), and Regional Forecast, 2025-2032”.

DMS solutions create a convenient and secure environment for documents and offer document-shredding services. The market is witnessing the potential demand over the forecast period, which is expected to market growth.

Xerox Corporation Launched Electronic Document Management System for the Improvement of Productivity

Leading market players have been developing advanced DMS solutions for small, medium, and large scale organizations. In 2022, Xerox Corporation launched an electronic document management system for the improvement of the productivity and to create a smart workplace after the pandemic. The system is developed for public and private organizations for an effective workplace. Development activities are likely to surge the demand for document management solutions and services during the forecast period.   

Companies Focused on Developing Advanced DMS for Businesses for Workplace Efficiencies

During the pandemic, end-use organizations and customers adopted digital technologies and digital platforms, such as social media, e-commerce, and knowledge platforms, respectively. The companies are focused on developing advanced document management solutions for businesses for workplace efficiencies. Rising adoption of cloud-based solutions across developing countries is expected to witness substantial growth over a long-term period.

Rising Adoption of Cloud-Based Solutions by End-use Organizations to Increase the System Demand

Rising adoption of cloud-based solutions by end-use organizations is anticipated to drive the document management system market growth. Cloud-based document printing and archiving solutions allow end-users to securely organize, monitor, and retain critical documents. Salesforce, SAP SE, Microsoft Corporation, and Oracle Corporation have been developing cloud-based solutions. Rising demand for paperless offices to increase the workforce productivity and developing environment-friendly offices drives the market growth.

Key Players are Investing in Developing Advanced Technology-based DMS

The key players, such as ClickUp, pCloud, HubSpot, Alfresco, LogicalDOC, Feng Office, and Nuxeo, are investing in developing advanced technology-based document management systems and solutions. In October 2021, Kyocera Document Solutions South Africa (KDZA) launched two novel tools called Kyocera Smart Information Manager (KSIM) and Kyocera Capture Manager (KCM), which assist businesses for adopting digital transformation.

Key Industry Development

• June 2021: Egnyte launched a GxP, which is a quality document management solution for life sciences companies. This solution allows collaboration of lifecycle regulated documents such as training records and Standard Operating Procedures (SOPs).

List of Key Companies Profiled in the Report:

• Microsoft Corporation (U.S.)
• Oracle Corporation (U.S.)
• Open Text Corporation (Canada)
• Hyland Software (U.S.)
• IBM Corporation (U.S.)
• Xerox Corporation (U.S.)
• Adobe Inc. (U.S.)
• Kyocera Document Solutions Inc. (Japan)
• Konica Minolta, Inc. (Japan)
• Exela Technologies Inc. (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/document-management-system-market-106615

Further Report Findings

• The market in North America stood at USD 3.18 billion in 2024 and captures the maximum global document management system market share. Oracle Corporation, Microsoft Corporation, and others have been investing in the development of advanced DMS solutions.
• Asia Pacific is expected to have a moderate CAGR owing to adoption of DMS solutions by the manufacturing, government, and other sectors.
• Europe is expected to have the highest CAGR owing to rapid digitalization and investments in the digital platforms. Additionally, leading players have been adopting various strategies such as partnerships, collaborations, mergers, and acquisitions.

Table of Segmentation