Market research

Global Information & Records Management Services Market Will Reach USD 236,910 Million By 2027: Facts & Factors (FnF)

Facts and Factors Market Research has published a new report titled “Information & Records Management Services Market By Offerings (Digitization, Cloud Storage, Shredding, and Physical Storage), By Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and By Verticals (BFSI (Banking, Financial Services and Insurance), Hospitability, Automotive, Government, Transportation, Media & Entertainment, IT & Telecom, Retail, Healthcare,  and Law Firms): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global information & records management market was valued approximately USD 147,090 million in 2018 and is expected to reach a value of around USD 236,910 million by 2027, at a CAGR of around 5.5% between 2019 and 2027.

Information & records management is an organizational function that helps in the creation & maintenance of a system for dealing with records throughout the lifecycle of the firm. Moreover, record management includes everything ranging from the record creation to its discarding. It includes everything that is part of a business deal. Precisely, information & records management includes recognizing, categorizing, storing, safeguarding, recovering, tracking, and disposing or permanently retaining the records.

Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/information-records-management-services-market-by-offerings-digitization

Burgeoning significance of medical document management to steer the market trends

The thriving healthcare sector is the key end-user of the information & record management solutions with a rise in the usage of medical document management systems for patient record management activities. This will steer the expansion of the information and record management services industry over the forecast period. Apparently, there is a large-scale acceptance of EMR & HIM systems for effective diagnosis & disease care. Moreover, strong healthcare infrastructure facilities along high focus on patient care across the medical sector will generate humungous demand for proficient information & records management activities over the forecast period. This, in turn, will nurture business growth.

Furthermore, the steady expansion of the BFSI industry is lucratively proliferating the market growth. Nevertheless, high maintenance & implementation costs of information & records management services will restrict the rate of the growth of the market over the forecast period.

Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/information-records-management-services-market-by-offerings-digitization

Digitization segment to record highest CAGR over the forecast timeline

The digitization segment is projected to register the highest CAGR of about 5.8% during the period from 2019 to 2027. The growth of the segment is attributed to its beneficial features like enhanced productivity, easy accessibility, cost-efficacy, data preserving ability, security, and disaster recovery. Moreover, ease of transfer & storing of data will boost the expansion of the segment.

BFSI segment to dominate the end-user landscape over the forecast timeframe

The BFSI (Banking, Financial Services and Insurance) segment is predicted to accrue massive gains of nearly USD 51,300 million by 2027. The growth of this end-user segment is due to effective fiscal services offered by mortgage firms, investment brokers, insurance, credit unions, and commercial banking to customers through the use of electronic record management systems.

Browse the full “Information & Records Management Services Market By Offerings (Digitization, Cloud Storage, Shredding, and Physical Storage), By Organization Size (Large Enterprises and Small & Medium-sized Enterprises), and By Verticals (BFSI (Banking, Financial Services and Insurance), Hospitability, Automotive, Government, Transportation, Media & Entertainment, IT & Telecom, Retail, Healthcare,  and Law Firms): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/information-records-management-services-market-by-offerings-digitization

North America to contribute a major chunk of the overall market revenue share by 2027

The growth of the regional market is due to technological breakthroughs, strong industrial base, and strict rules governing data storage & record management activities. Moreover, the escalating demand for electronic record solutions and digitization of business is predicted to drive the regional market growth over the forecast period.

Key players involved in information & records management business include AGS, Restore plc, Cube Records Management Services, EDM Group Limited, Data Keeping Service Co., Ltd., FS Records, Iron Mountain Incorporated, SRM, IKON BPS Pvt Ltd., Mitex International (H.K.)Ltd., Starbic Business Solutions Pvt. Ltd., and Wanbishi Archives Co., Ltd.

Request customized copy of report @ https://www.fnfresearch.com/customization/information-records-management-services-market-by-offerings-digitization

This report segments the information & records management market as follows:

Global Information & Records Management Services Market: By Offerings Segment Analysis

  • Digitization
  • Cloud Storage
  • Shredding
  • Physical Storage

Global Information & Records Management Services Market: By Organization Size Segment Analysis

  • Large Enterprises
  • Small & Medium-sized Enterprises

Global Information & Records Management Services Market: By Verticals Segment Analysis

  • BFSI (Banking, Financial Services and Insurance)
  • Hospitability
  • Automotive
  • Government
  • Transportation
  • Media & Entertainment
  • IT & Telecom
  • Retail
  • Healthcare
  • Law Firms

Global Information & Records Management Services Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal – 200120, China
Tel: +86 21 80360450

Email: sales@fnfresearch.com

 

Web: https://www.fnfresearch.com

Tags

Related Articles

Back to top button
Close