Document Outsourcing Market Analysis, Outlook and Forecasts to 2020

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Global Document Outsourcing Market Share, Size, Trends,
Growth, Analysis, Outlook and Overview Research Report
Technavio Announces the Publication of its Research Report – Global Document Outsourcing Market
2016-2020
Technavio recognizes the following companies as the key players in the global document outsourcing
market: Canon, HP, Lexmark International, Ricoh, and Xerox.
Other Prominent Vendors in the market are: ABBYY, Accenture, American Reprographic Company (ARC)
Document Solutions, Cirrato, Cortado, Epson, Hyland, Konica Minolta, Levi Ray and Shoup, Swiss Post,
and Toshiba.
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Commenting on the report, an analyst from Technavio’ s team said: “A trend that will propel market
growth is the rise in digital mailroom outsourcing services. Digital mailroom solutions are implemented
in organizations to manage high volume of mails coming various sources. Mailroom management
services helps organizations to manage their unstructured mails into digital format with the help of
document capturing and scanning technology. Outsourcing of mailroom management process reduces
cost of in house management of digital documents. Digital mailroom solutions reduce in house overhead
costs through automated process and increases operational workflow in the enterprises.”
According to the report, a key growth driver for the document outsourcing market is the cost reduction
and efficiency offered by third parties. One of the primary reasons of document outsourcing is cost
reduction as organizations frequently outsource their document management systems to third parties,
primarily to reduce in house cost of IT services and to boost operational efficiencies. Firms doing their
multi businesses in industry verticals are befitted from innovative technologies offered by document
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management solution providers. IT outsourcing solutions reduce expenses on maintenance of in house
IT department and provide a competitive IT solution to client firm. Organizations need to adhere with
regulatory norms and compliance guidelines such as Health Insurance Portability and Accountability Act
of 1996 (HIPPA) to protect personal data stored in database management systems.
Further, the report states that one challenge that could restrict market growth is the concern most
companies have about data privacy and security risks.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors in the report global it professional
services document outsourcing market
About the Document Outsourcing Market
In the era of digitalization and information economy, organizations adopt IT solutions for the effective
management of large volumes of unorganized enterprise documents. Document management solutions
are designed to manage routine files and paper-based documents through digital ECM systems.
organizations require quick access to enterprise files and information to streamline workflow and
remain competitive in the domestic and international markets. Document management outsourcing
services are gaining popularity in the document management business as many firms face difficulties to
manage in-house document management software solutions. In-house document management systems
require upfront investment to install software and hardware to run document management
applications. Organizations also need to spend on IT department such as skilled IT professionals and IT
support services to manage in-house document management systems.
Technavio’ s analysts forecast the global document outsourcing market to grow at a CAGR of 5.5%
during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global document outsourcing
market for 2016-2020. To calculate the market size, we consider revenue generated from the following
document management outsourcing services:
• Onsite contracted services
• Statement printing services
• Document process outsourcing (DPO) services
The market is divided into the following segments based on geography:
• Americas
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• APAC
• EMEA
Technavio's report, Global Document Outsourcing Market 2016-2020, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers the market landscape and
its growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
• Canon
• HP
• Lexmark International
• Ricoh
• Xerox
Other prominent vendors
• ABBYY
• Accenture
• American Reprographic Company (ARC) Document Solutions
• Cirrato
• Cortado
• Epson
• Hyland
• Konica Minolta
• Levi Ray & Shoup
• Swiss Post
• Toshiba
Market driver
• Cost reduction, efficiency and adherence to compliance and regulatory standards
• For a full, detailed list, view our report
Market challenge
• Data privacy and security risks
• For a full, detailed list, view our report
Market trend
• Rise in digital mailroom outsourcing services
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
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•
•
•
•
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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Technavio Announces the Publication of its Research Report Global Document Outsourcing Market 2016-2020 Technavio recognizes the following companies as the key players in the global document outsourcing market: Canon, HP, Lexmark International, Ricoh, and Xerox.