Businesses are Increasingly Leveraging Document Outsourcing Services During COVID-19 Pandemic to Streamline Daily Operations: FMI

Businesses are Increasingly Leveraging Document Outsourcing Services During COVID-19 Pandemic to Streamline Daily Operations: FMI

PR Newswire

Dubai, U.A.E, June 30, 2020

Dubai, U.A.E, June 30, 2020 /PRNewswire/ -- Prominent market research company Future Market Insights infers that the global document outsourcing services market shall expand at a CAGR of 3% between 2020 and 2030.


The COVID-19 outbreak has compelled business organizations to institute remote working arrangements, requiring remote communication, preparation of paperless documents, tax filings and payroll processes. All these procedures have compelled companies to shift to virtual platforms, resulting in an uptake of document outsourcing services.

Besides the pandemic, a general requirement to streamline business operations has prompted small, medium and large scale corporations to invest a major chunk of their revenue in document outsourcing services. All these factors are acting as growth catalysts for the market during the forecast period.

The banking, financial services and insurance (BFSI) sector has effectively adopted document outsourcing services, owing to the voluminous nature of its operations. Looking at the nature of its operations, adoption of document outsourcing services has risen exponentially in the past, and will continue to do so across the forecast period.

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Key Takeaways from FMI's Document Outsourcing Services Market:

Document Outsourcing Services Market: Key Trends

Document Outsourcing Services Market: Region-wise Analysis

Document Outsourcing Activities Market: Competitive Analysis

The document outsourcing activities market is composed of a handful of players, which include: Symcor, Hewlett-Packard Co., Max BPO, Lexmark International, Inc., Ricoh Co. Ltd., Fuji Xerox Co., Ltd. and Iron Mountain Incorporated.

The abovementioned market players concentrate on developing and launching new solutions. This is primarily driven by the BFSI industry. Besides, they are also forging partnerships with cloud service providers in the wake of the pandemic crisis to offer remote working solutions. For example, Indigenous Link and Symcor are jointly providing to monitor, track and calibrate document management process in real-time across Canada while collecting data of the indigenous population.

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Document Outsourcing Services Market Taxonomy:


Enterprise Size


Region & Country

North America

Latin America


South Asia and Pacific

East Asia

Middle East and Africa

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Get Valuable Insights into the Document Outsourcing Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global document outsourcing services market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the document outsourcing services market, the market is segmented on the basis of services (document imaging & scanning services, archive & records management services, content management services, document processing services, others), enterprise size (small and medium enterprises, large enterprises), and industry (BFSI, manufacturing, legal, media & entertainment, government, retail, healthcare, IT & Telecom, others), across six major regions.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.


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