Global Document Shredding Service Market- Industry Analysis
Global Document Shredding Service Market size was valued US$ Bn in 2019 and the total revenue is expected to grow at % through 2020 to 2027, reaching US$ Bn. The report has covered Country wise Market trends with competitive landscape.
The report covers an in-depth analysis of COVID-19 pandemic impact on Global Document Shredding Service Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Document Shredding Service Market
Global Document Shredding Service Market Overview:
Document shredding is the process where an outside vendor is hired to securely destroy company records when they are no longer of value to the company or have been deemed. It is crucial to protect the business by securely shredding the documents to avoid any identity theft and fraud. Document shredding service offers a simple and secured solution for properly destroying sensitive items at the end of their retention period. Along with the paper documents, some document shredding services also have the provision to dispose the electronic documents like hard drives and media drives. On an average, a company discards 45% of the documents created every day.
Increasing privacy concerns regarding security and cyber security is the main factor responsible for the growth of document shredding service market. Furthermore, several regulations such as The Health Insurance Portability and Accountability Act (HIPAA), The Fair and Accurate Credit Transaction Act (FACTA), and The Gramm-Leach-Bliley Act (GLBA) are making document shredding necessary for businesses across various end-use industries. Additionally, growing awareness among individuals about the identity theft and the escalating levels of race among companies have encouraged the need to protect the confidential data of their businesses which is further boosting the market.
The objective of the report is to present a comprehensive analysis of the Global Document Shredding Service Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Document Shredding Service Market dynamics, structure by analyzing the market segments and projects the Global Document Shredding Service Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Document Shredding Service Market make the report investor’s guide.
Scope of the Global Document Shredding Service Market
Global Document Shredding Service Market1
Global Document Shredding Service Market, By Region
• North America:
• South America
o Rest of South America
o CIS countries
o Rest of Europe
o South Korea
o Rest of APAC
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
Key players operating in the Global Document Shredding Service Market
• American Shredding Inc.
• Cintas Corporation
• Gilmore Services
• Iron Mountain Incorporated.
• Proshred Security
• Quills UK
• Shredders India
• Stericycle, Inc. (Shred-it)
• Shred Station
• Secured Document Shredding
• Shreds Unlimited
• Red Dog Shred
• Restore Datashred
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Global Document Shredding Service Market