Document Management Systems Market – Growth, Trends, and Forecast (2020 – 2025)

The global document management system market (henceforth referred to as the ‘market studied’ or ‘DMS market’) was valued at USD 4. 89 billion in 2019, and it is expected to reach USD 10. 17 billion by 2025, registering a CAGR of 13.

New York, May 07, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Document Management Systems Market – Growth, Trends, and Forecast (2020 – 2025)” – https://www.reportlinker.com/p05891592/?utm_source=GNW
05% during the period of 2020-2025. As unorganized content makes it difficult for larger organizations to extract business related information and use available data, DMS proves to be very effective in order to overcome these challenges.

– The document management system (DMS) market is ever-changing, which is driven by the need for increasing efficiency in the workplace. The improving technologies and efficient execution of the DMS are expected to gradually eliminate the traditional paper files concept.
– DMS systems can be implemented and incorporated across business and functional units. Additionally, document management provides extensive tools and techniques for data retrieval. Storing data in a structured way allows the end users to use it for gaining insights.
– The growing emphasis on retaining historical company records, coupled with the sustained increase in adoption of paperless solutions, has been the major factors driving the growth of the document management industry. Cloud-based computing solutions have emerged as the key enablers of the document management system (DMS).
– Some companies have further security issues, such as company that deals with medical data must comply with the Health Insurance Portability and Accountability Act (HIPAA) requirements. Thus, the ability to manage who can and cannot view and use documents is attained by DMS. eFileCabinet is a DMS, which is fully compliant with standards set forth by HIPAA, FINRA, and the SEC.

 

Globenewswire has the best article when it comes to growth and trend projections for document management systems. Click here to read more.

 

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How to Implement an Electronic Filing System

Keeping your documents organized in today’s super-digitized, speedy world can be difficult and time-consuming. Whether you use local storage on your computers or mobile devices, or the increasingly popular cloud storage option, it’s important to implement a computerized filing system that enables your business to create, store, manage, and share documents and other files with ease.

“An electronic filing system makes organizing your files easy by automating many features. Here’s how to implement one in your business.”

Business.com’s Kiely Kuligowski delves into what computerized filing systems are and analyzes the differences between traditional and computerized databases. In this article, we believe there is an extreme difference in benefits that lean towards computerized filing systems so Kiely walks us through how to create these filing systems and through best practices when naming files you are storing. This type of industry news is what you can expect from our blog tab.

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Automated Storage and Retrieval System Market Demand Analysis and Opportunity Outlook 2026

Automated Storage and Retrieval System Comprehensive Study by Type (Unit-Load, Mini-Load, Mid Load, Autostore, Carousel, Vertical Lift Module), Application (Small Enterprises, Medium & Large Enterprises), Function Type (Assembly, Distribution, Kitting, Order Picking, Storage, Others), Industry Vertical (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages, Others) Players and Region – Global Market Outlook to 2026

The Manomet Current has recently reported on the market demand and analysis of automated storage and trivial systems and this is something we feel our customers would find interesting.

 The latest study released on the Global Automated Storage and Retrieval System Market by AMA Research evaluates market size, trend, and forecast to 2026. The Automated Storage and Retrieval System market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:

Daifuku Co. Ltd (Japan),SSI Schaefer Group (Germany),Murata Machinery (Japan),Dearborn Mid-West Company, LLC (United States),KION (Germany),Egemin Automation, Inc. (Belgium),Knapp AG (Austria),Toyota Industries (Japan),TGW Logistics Group GmbH (Austria),Kardex Group (Switzerland),Swisslog Holding AG (Switzerland),Mecalux SA (Spain),Vanderlande Industries (Netherlands)

 

Click here to read the entire report and analysis! 

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JD Edwards Roadmap Reveals Decisions Need to be Made

“SAP isn’t the only ERP vendor that wants to move on-prem customers to its cloud-based option. Its top rival, Oracle, appears to have similar aims. The company has made public commitments to continue supporting its JD Edwards customers for years to come, so there is no immediate reason to panic. But considering the investments that customers make in their ERP environments, JD Edwards customers should pay close attention to what comes next.

When Oracle bought PeopleSoft in 2004 for $10.3 billion, it also acquired the JD Edwards portfolio. That includes the World line, which only runs on IBM i, and the EnterpriseOne line, which runs on IBM i and other operating systems, including Windows, Unix, and Linux.

In April 2020, Oracle published a series of roadmap documents that provided guidance for World and EnterpriseOne customers. The software giant spelled out its support commitments for both JD Edwards products in this document.”

Alex Woodie, author at itjungle gives an in-depth look into the JD Edwards roadmap and what these documents show for the work in continuous innovation delivery processes. Click through to read more!

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How to Choose The Right Document Management System

If you are looking to purchase a document management system, this guide includes all the key points you should consider.

 

    • Document management software helps organize your digital records and allow teams to make edits on the fly.
    • User permissions allow certain users to view or edit documents based on their role in your organization.
  • Document management software comes in on-premises and cloud-based systems; you can choose whichever implementation works for your business.

 

 

Adam Uzialko at businessnewsdaily.com has put together a comprehensive guide on what to keep in mind when selecting the right document management for you. If you are interested in the pros and cons of cloud-based document systems, this article details the pros and cons of this system and compares them to on premises document management.

Click here to read the article by businessnewsdaily.com and make sure to check out our Industry News tab to learn more about document management systems.

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5 Major Factors for Effective Document Storage

“There are five key factors that play a critical role in how successfully your firm handles document archiving. Each one of these five factors is paramount to your long-term success, efficiency and effectiveness.”

Writers at Accounting Today have compiled the top five factors for successful document storage and we just had to share with our ScanSearch community. Effective document storage is important to you and your business and that makes it important to us. We enjoy bringing you the latest news when it comes to managing your files safely. Click here to read the entire article by Accounting Today and see how you can keep up on best practices for your organization.

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7 Meaningful Advantages of Using a Document Management System (DMS)

When it comes to benefits that come with using a document management system, the list could be endless. Lucky for us, Mamoun Chaouni at business2community.com has laid out the top 7 most meaningful examples of advantages provided by DMS usage.

Gone are the days of spending countless hours finding that one document. Save time and energy by really taking control of your document workflow within your organization or agency today.

“Aside from helping keep trees upright to protect the environment from health and economic hazards such as pollution, landslides and flooding, employing a cloud-based document management software solution comes with a host of advantages.

1. Document/file repository

Cloud-based document management systems serve as a central repository for all your important documents that can subsequently be accessed, viewed, changed and shared with colleagues. No more wasting hours upon hours of precious time frantically looking through stacks of folders to find a single document.

2. Document/content security

When documents are not managed, the possibility of important information being exposed to the wrong people is considerable. Vital, sensitive information falling into the wrong hands can bring irreversible damage to a business. Document management software solutions let you safeguard confidential business information through rigorous security policies and role-based access control (RBAC) where authorized users alone are allowed to view certain files or documents.

In the case of disasters like fire or flooding, cloud-based DMS ensures your business-critical data are kept intact, not wiped out from the face of the earth.

3. Anytime, anywhere access

As is the case with cloud-based software solutions, web-based DMS affords users the ability to access files and documents anywhere, anytime, regardless of device used, which is particularly handy when collaborating on projects with team members who are on the go or located remotely.”

To read more of the list, join our friends over at business2community for the in-depth article. 

 

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Nervous System: Oliver North and the Origin Story of Legal Technology

E-discovery may be common in today’s legal world, but that certainly wasn’t always the case. This month’s history of cybersecurity looks back to how discovery technology was developed, and what it has to do with the Iran-Contra affair.

“With the aggressive pace of technological change and the onslaught of news regarding data breaches, cyber-attacks, and technological threats to privacy and security, it is easy to assume these are fundamentally new threats. The pace of technological change is slower than it feels, and many seemingly new categories of threats have been with us longer than we remember. Nervous System is a monthly series that approaches issues of data privacy and cybersecurity from the context of history—to look to the past for clues about how to interpret the present and prepare for the future.

In November 1986, an internal leak to the press exposed a secret United States operation to funnel the proceeds of weapons sold to the Islamic Republic of Iran (in violation of an arms embargo) to fund the revolutionary Contras in Nicaragua (in contravention of Congress). As the press started to cover the scandal, Lieutenant Colonel Oliver North went to his computer at the National Security Council and started deleting emails pertaining to his role in the scheme. Over the course of a frantic weekend, he manually deleted around 750 emails.:

Click here to read the entire breakdown written by Davis Kalat for law.com.

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What is Digital Asset Management (DAM)?

“Digital asset management (DAM) is a business process for organizing, storing and retrieving rich media and managing digital rights and permissions. Rich media assets include photos, music, videos, animations, podcasts and other multimedia content.”

Join Jonathan Gourlay from TechTarget for a robust breakdown of what exactly DAM is and why it is so crucial to understand the strategy behind software that saves your organization time and money. Jonathan provides interesting use case examples to further inform your business approach.

“Use cases:

Anyone who needs to optimize digital asset workflows needs a digital asset management system. Marketers can grow their brands and increase brand consistency with a DAM system. Designers can use DAM to optimize their workflows by being able to quickly search for files and repurpose assets. Sales teams can have up-to-date materials and resources anytime and anywhere. Agencies can use DAM to keep all of their creative files organized, enabling for faster turnaround times. And distributors can optimize their delivery process”

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5 Steps of Efficient Record Management

Keeping records straight is not just good business practice – it is critical to maintaining a productive, functioning company. Having a proper record management system is the foundation which supports business intelligence and the ability to make data-driven decisions which alter the bottom line.

However, businesses are seeing more and more data, such as paper-based documents and digital records, flowing through their core. In other words, keeping track of all of these documents has become a full-time job.

document management strategy can provide the tools businesses need to keep record management streamlined and in control. Document management solutions rely heavily on workflows to deliver the correct data to the right places. Due to the various ways this can be done, organizations should consider making their records management processes more effective by analyzing it in the context of a document’s lifecycle. Here are five ways to make that happen.

Make document management system more efficient

1. Leverage automation to identify important information

Not all documents are records. Depending on the business, documents such as rough drafts and duplicates do not require the same storage and information management. Likewise, it’s time-consuming and impractical to read through every document for necessary information. It’s essential to leverage automation such as keyword scanners or auto-detection, to identify critical documents and clearly define what document information is important and what constitutes as a record.

2. Integrate devices to assist with document capture

There are many different methods of ​collecting ​document information and records because there are various document sources (scanners, mobile devices, multifunction printers/copiers, etc.). Many offices today rely on ultra-efficient multifunction printers which are capable of performing numerous actions on the same device. Likewise, these devices typically come with software which integrates the printer with the rest of the office workflows.

Click here to read the entire list of steps towards efficient record management or just stay here to solve all of your record management needs. .

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