Top Document Management System Companies

Global Document Management System (DMS) Market size was valued at USD 6.14 Billion in 2023 and is poised to grow from USD 7.16 Billion in 2024 to USD 24.46 Billion by 2032, growing at a CAGR of 16.6% in the forecast period (2025-2032).

The document management system market is extremely competitive, with established and emerging technology companies providing cutting-edge solutions. Companies emphasize cloud capability, security, and AI enablement to distinguish their products. The three key growth strategies are mergers, acquisitions, and strategic alliances. Blackstone and Vista Equity Partners acquired Smartsheet in 2024, for example, to bolster its presence in workflow automation. 'Microsoft Corporation', 'IBM Corporation', 'OpenText Corporation', 'Oracle Corporation', 'Hyland Software', 'Box, Inc.', 'Google LLC', 'M-Files Inc.', 'DocuWare GmbH', 'Xerox Corporation', 'Zoho Corporation', 'Newgen Software Technologies Ltd.', 'Laserfiche', 'eFileCabinet', 'Everteam'

With the rising use of document management systems (DMS), companies across the globe are moving towards paperless operations. Companies opt for digital solutions for greater accessibility, easier collaboration, and compliance with regulations. This trend is seen prominently where effective handling of large papers is required, like healthcare, finance, and law.

Automation of AI-Driven Documents: Through aiding in the automation of classification, identification of important information, and smart search, AI-driven DMS solutions are revolutionizing document management. IBM and Microsoft are among the companies that have adopted AI-based automation in their DMS solutions. With this, businesses can enhance efficiency, reduce human error during document processing, and automate processes.

How is North America Leading Digital Transformation in Document Management?