Global Electronic Records Management Solutions Market
Global Electronic Records Management Solutions Market was valued US$ Bn in 2018 and is expected to reach US$ Bn by 2026, at a CAGR of 9.80 % during a forecast period.
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Electronic records management (EMR) solutions are used for creation, storage, and control documents. The ERM solutions are helping to reduce the requirement for paper-based documentation and enhance the streamlined workflow. The ERM solutions contain document management, Images, and text retrieval process.
An increase in the emphasis on retaining historical company record is one of the key drivers in the global electronic records management solutions market. The availability of big data information and concern about managing, storing, and tracking information are expected to increase the demand for ERM solutions. Additionally, the rise in the volume of information across an array of sectors like BFSI, IT & telecom, transportation & logistics, and retail are expected to boost the market growth.
On the other hand, rise in the number of security breaches and high implementation and maintenance cost of on-premise solutions are some of the factors, which are expected to limit the growth of the global electronic records management solutions market
The cloud-based electronic records management solutions are expected to grow at a XX% rate of CAGR during the forecast period. The Cloud-based EDMS offers the feature includes low maintenance cost and superior hyper-collaborative tools, which enable the users to adopt the technology without having to change their information architecture. Additionally, ease of information access and storage and low subscription costs of cloud-based solutions are increasing the penetration of the cloud-based solutions in the global electronic records management solutions market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electroni..