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Document Management Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Document Management Services Market Research Report | Advisory & Financial Services | Outsourced Office Functions | Nov 2015

Paper trail: Demand for digitization of health records will propel industry revenue growth

The Document Management Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Iron Mountain Inc. Iron Mountain Inc. market share
Recall Recall market share
Shred-it Shred-it market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
1.4%
Annual Growth 15-20
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Profit
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Employment
62,341
Businesses
1,574
Industry Analysis & Industry Trends

As a result of regulations mandating the retention of company records, the Document Management Services industry benefits from sustained demand for document storage. In the years since the recession, the industry has also benefited from greater formation of new businesses, which has expanded the size of operators' potential market. In particular, federal incentives for healthcare providers to digitize their records have presented a strong growth opportunity for the industry. Over the coming years, these trends are expected to continue driving revenue growth for the industry.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Document Management Services exhibits a medium level of market share concentration, with the largest three firms accounting for about 47.1% of total industry revenue. In the five years to 2015, the number of companies operating in this industry is expected to increase an average 1.0% annually to 1,574. However, the slower growth of firms is attributed to some consolidation, primarily among the larger industry players. The largest firms in the industry have grown over the past five years, primarily as a result of acquisition activity. For example, Iron Mountain acquired File House Record Storage, Document Systems Inc. and First National Safe Deposit to broaden its domestic business and customer base, resulting in the company’s market share of 32.2% in 2015... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Document Management Services Industry?

This industry includes companies that store information and records for business and government clients. Industry services involve records management, secure document destruction and data protection and recovery services.

Industry Products
Records management services Data protection and recovery services Data destruction
 
Industry Activities
Storing records Transporting recordsElectronic conversion of recordsSecure document destructionDocument duplication and data backup services


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