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 Analysis Chapter
Over the five years to 2013, revenue for the Document Management Services industry is expected to increase at an average annual rate of 1.9%to $5.2 billion. The document management services industry benefits from various federal regulations stipulating that companies retain documents as well as from record-keeping requirements in the event of potential litigation cases. As a result, the industry typically experiences a low level of revenue volatility due to steady demand from document storage services, which constitute the industry's core source of revenue.
Despite stable demand, the Document Management Services industry was unable to entirely avoid the adverse effects of the recession... purchase to read more