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 Analysis Chapter
Over the five years to 2014, revenue for the Document Management Services industry is expected to increase at an average annual rate of 4.0% to $5.7 billion. The 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