Global Information & Record Management Services Market was Valued at US$ 147,090.27 Mn in 2018 and is Expected to Grow at a CAGR of 5.5% Over the Forecast Period, Says Absolute Markets Insights

Global Information & Record Management Services Market was Valued at US$ 147,090.27 Mn in 2018 and is Expected to Grow at a CAGR of 5.5% Over the Forecast Period, Says Absolute Markets Insights

PR Newswire

PUNE, India, Feb. 26, 2020

- Some of the players operating in the information & record management services market are AGS, Cube Records Management Services, Data Keeping Service Co., Ltd., EDM Group Limited

PUNE, India, Feb. 26, 2020 /PRNewswire/ -- Information being a fundamental resource for organizations, managing them is both a key activity and an important overhead expense. Organizations in order to cut this expense of recording and maintaining the huge amount of data are outsourcing the whole record management process to service providers. However, digitalization being one of the major trends in all sectors, various methods have been adopted to change the traditional approach of work within an organization. Digitalized record of all information and data helps organizations to have access to all relevant information assets at all time making it easier in the normal flow of the organization's business. For instance, RM Results with the help of document management services offered by EDM Group is managing millions of digital examination papers it receives from 160 countries. This is enabling the company to meet stringent examination board regulations and thereby minimizing its overall cost and risk. Therefore owing to the digitalized document management services the overall information & record management services market is gaining demand.

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Information stored digitally are saved on a cloud platform where both the service providers and the organizations' employees have access to. This enables the employee to record and alter all documents as per the changing requirements of business. Digital document management service providers also offer active management and life-cycle management, thereby taking care of all these documents starting from recording the same to discarding the documents after its specified life span. For instance, crown records management offers document management services for both digital management and hard-copy document management. All hard copy documents are also stored in their electronic form to avoid any loss for the company. They also give their clients full control on the documents that they are preserving through a web based solution which enables them to alter any document as per business needs. This growing demand for digital storage is influencing the growth of the information & record management services market.

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The detailed research study provides qualitative and quantitative analysis of information & record management services market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

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Global Information & Record Management Services Market:

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