LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Document Management Software Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the IT industry. This report breaks down the data and analysis behind the procurement of document management software and acts as an all-inclusive guide for making smart purchasing decisions.
“Key factors, such as the increasing stringency of regulations and the high convenience will fuel the adoption of document management software,” says SpendEdge procurement analyst Bhuvaneshwari Udayakumar. “Also, North America and Europe are the major markets which will fuel the adoption of document management software, owing to the presence of multiple global businesses,” added Bhuvaneshwari.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Document Management Software Market:
- Increasing adoption of cloud-based solutions
- Growing adoption of mobile-based solutions
- Increasing use of erasure coding for data protection in document management systems
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Increasing adoption of cloud-based solutions
In the recent years, cloud-based solutions are gaining traction and are slowly considered as the preferred mode of deployment. This helps the buyers lower their cost of ownership and offer better flexibility.
Growing adoption of mobile-based solutions
In the document management software market, the suppliers are increasingly directing their efforts toward the development of mobile-based applications. This helps the buyers facilitate teamwork, leading to the collaborative decision-making process.
Increasing use of erasure coding for data protection in document management systems
Globally, the suppliers are shifting toward erasure coding to generate better efficiency, leading to significantly low data storage and handling costs. This further leads to higher efficiency in data storage and provides buyers with the scalability to store large volumes of data.
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