Industry Analysis & Industry Trends
The industry is composed of companies that provide outsourced records storage, document destruction services and digital conversion of paper-based records to commercial and government clients. As a result of regulations mandating company records retention, 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. In the years since the recession, industry revenue has rebounded steadily, driven in part by increased demand from healthcare providers transitioning to electronic records.... purchase to read more
Industry Report - Industry Investment Chapter
The Document Management Services industry requires medium capital investment requirements. IBISWorld estimates that for every dollar spent on wages in 2013, industry operators spend $0.15 on the use and replacement of equipment and buildings. To remain competitive, industry operators invest in software and information and communication technology, which allow to support the development and improvement of products and services.
The majority of capital expenditures is allocated to support business line growth, including investments in new building outfitting, carton storage systems, tape storage systems and containers, shredding plants and bins and technology service storage and processing capacity... purchase to read more