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 Analysis Chapter
Over the five years to 2015, revenue for the Document Management Services industry is expected to increase at an average annual rate of 1.7% to more than $5.5 billion. The industry benefits from various federal regulations stipulating that companies retain documents as well as from record-keeping requirements in the event of potential litigation. The industry typically experiences a low level of revenue volatility due to steady demand for document storage services, which constitute the industry's core source of revenue.
In the years since the recession, the industry has benefited from improved business formation levels and increasing demand for medical records storage... purchase to read more