21 December 2018
– The Global Document-Centric
Collaboration Software Market is likely to display a significant
growth in the near future owing to augmentation in the applications and
expansion of the scope across various sectors. Document-centric collaboration
can be termed as a process of content management that encourages the overall
functioning to be carried out collectively. The particular process is taken up
generally when it comes to working for online projects or arranging the matter
of the whole document at the middle of the procedure.
In simple words, it can also be defined as a tactic in which
a document is particularly deemed as the base or origin. It has been observed
that there has been a huge adoption of business applications worldwide that is
in turn offering a great boost to the overall Document-Centric Collaboration
Software Industry. Besides, constant technological innovations and enhancements
for document collaboration have eventually enabled a considerable employment of
mobile devices across a wide range of organizations. The market is attaining
huge recognition across the globe owing to mounting prerequisites across
various sectors.
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The Document-Centric Collaboration Software Market is
growing at a robust rate. The key factors that are influencing the overall
market growth positively may entail rising demands for enhanced output and
efficacy, technological enhancements, rise in the globalization, rise in the
mobile workforce, and rise in the investments by the leading manufacturers,
rise in the research and development activities, extensive reception among
small as well as mid-size organizations, rapid urbanization, and augmented
awareness among the users.
It has been noticed that the concerned manufacturers are
also taking up partnerships, acquisitions, and joint ventures as their major
policies that is ultimately contributing in the inorganic growth of the
Document-Centric Collaboration Software Industry. On account of all the above
factors, it is estimated that the market will register a healthy CAGR in the
upcoming period.
Conversely, the only factor that is impeding the overall
growth of the Document-centric collaboration market may include supervision and
up keeping of huge amount of various file formats. Document-Centric
Collaboration Software industry is categorized by organization size as
Small-Size Organization, Mid-Size Organization, Large Organization, and others.
On the other hand, it is estimated that Europe and Asia
Pacific are also emerging as one of the promising regions in the market. The
key factors responsible for the robust growth may include developing nations,
rising significance towards Document-Centric Collaboration Software, and wider
customer base. The key players contributing in the development of
Document-Centric Collaboration Software industry are recognized as ACCELLION,
Alfresco Software, CIGNEX Datamatics, Savvydox, OpenText, Dell Inc., Microsoft
Corporation, 5i Solution, Box, and IBM Corporation.
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Market Segment:
Market segment by
Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
Market segment by
Type, the product can be split into
• Cloud-based
• On-premises
Market segment by
Application, Document-Centric Collaboration Software can be split into
Banking, financial services, and insurance (BFSI)
• Legal
• Healthcare
• Telecommunication
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