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Document Management Services: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Document Management Services Market Research Report | NAICS OD5044 | Nov 2015

Paper trail: Demand for digitization of health records will propel industry revenue growth

IBISWorld’s Document Management Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 10-15
1.4%
Annual Growth 15-20
Annual Growth
Profit
Profit
Employment
62,341
Businesses
1,918
Industry Threats & Opportunities
  • Rising business formation will expand the scope of the industry’s commercial target market and benefit industry revenue
  • Digital conversion of paper-based records is a growing market for industry operators
  • The industry will be positively affected by a projected upswing in the business cycle
  • ... purchase to read more

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 Investment Chapter

The Document Management Services industry is subject to a medium level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages in 2015, industry operators will spend $0.16 on capital investment, including the use and replacement of equipment and buildings. To remain competitive, industry operators invest in software and information and communication technology in order to support the development and improvement of products and services.

The majority of capital expenditure is allocated in support of business line growth, which includes investments to outfit new buildings, the purchase of carton storage systems, tape storage systems and containers and shredding plants and bins, as well as investments in technology service storage and processing capacity. Sig.. ... purchase to read more

Additional Insights for the Document Management Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Document Management Services Industry are

  • Ability to quickly adopt new technology
  • Economies of scale
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Local and state government investment in the Document Management Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Document Management Services Industry?

    This industry includes companies that store information and records for business and government clients. Industry services involve records management, secure document destruction and data protection and recovery services.

    Industry Products
    Records management services Data protection and recovery services Data destruction
     
    Industry Activities
    Storing records Transporting recordsElectronic conversion of recordsSecure document destructionDocument duplication and data backup services


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Local and state government investment
  • Regulation
  • External competition
  • Price of paper
  • Current Performance
  • Chart: Revenue Growth
  • Industry Outlook
  • Table: Document Management Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Document Management Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Information
  • Finance and Insurance
  • Law Firms
  • Healthcare and Social Assistance
  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Copier & Office Equipment Wholesaling
  • Paper Wholesaling
  • Printing
  • Products & Services
  • Records management services
  • Data protection and recovery services
  • Data destruction
  • Chart: Document Management Services Industry Products and Services Segmentation
  • Demand Determinants
  • Economic activity
  • Government regulations
  • Digital conversion
  • Major Markets
  • Other
  • Government
  • Healthcare
  • Financial services
  • Legal
  • Chart: Major Market Segmentation for the Document Management Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Document Management Services
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Document Management Services Industry
  • Industry Globalization
    Major Companies
    Iron Mountain Inc.
    Recall Inc.
    Shred-it
  • Table: Iron Mountain Inc. - financial performance
  • Table: Recall Inc. - financial performance
  • Table: Shred-it - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Document Management Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Document Management Services Industry
  • Includes:
  • Industry Revenue (2006-2020)
  • Industry Gross Product (2006-2020)
  • Establishments (2006-2020)
  • Businesses (2006-2020)
  • Employment (2006-2020)
  • Wages (2006-2020)
  • Number of businesses (2006-2020)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Data Destruction
  • Services that primarily include physical secure shredding operations at the end of documents' lifecycle to ensure that information is not stolen or abused.
  • Data Protection And Recovery Services
  • Services that primarily include support off-site storage of data backup media for data recovery in the case of a disaster, human error or virus.
  • Electronic Records
  • Records primarily comprised of email and various types of magnetic media such as computer tapes, hard drives and optical disks.
  • Physical Records
  • Paper documents or any non-electronic media such as microfilm and microfiche, master audio and videotapes, film, X-rays and blueprints
  • Records Management Services
  • Services that primarily include the archival storage of records for long time periods according to applicable laws, regulations and industry best practices.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Document Management Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Document Management Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Document Management Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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