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 - Industry SWOT Analysis Chapter
The Document Management Services industry is in the growth stage of its industry life cycle. Over the 10 years to 2019, industry value added is forecast to rise at an annualized rate of 4.1%, which is significantly above average GDP growth. During the same period, GDP is projected to rise on average 2.5% per year. As a result, the Document Management Services industry is increasing its share of the overall economy, a key indicator of its life cycle phase.
Furthermore, the Document Management Services industry benefits from key federal regulations mandating that companies retain documents and records... purchase to read more