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 SWOT Analysis Chapter
The Document Management Services industry is in the mature stage of its industry life cycle. Over the 10 years to 2020, industry value added is forecast to rise at an annualized rate of 2.3%, which is significantly above average GDP growth. During the same period, GDP is projected to rise an average 2.1% per year. As a result, the Document Management Services industry is growing roughly at the same rate as 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