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. Nevertheless, the severity of the recent recession resulted in a contracting number of US businesses, decreasing the industry's available target market early in the five year period. Over the coming years, the industry is expected to post strong growth, supported by rising business formations and greater demand from healthcare institutions transitioning to electronic medical records.... purchase to read more
Industry Report - Starting a New Business Chapter
The Document Management Services industry has few barriers to entry. The top three industry players are expected to capture 43.1% of the overall market share. The industry is relatively fragmented, with a large number of small players that tailor their services to local and regional markets. However, as the major players continue to acquire smaller operators, expanding their services and geographical presence, new entrants will face more significant barriers over the next five years.
This industry requires medium capital investments to start and support operations, including investments in buildings, carton storage systems, containers, shredding plants and technology service storage... purchase to read more