Technavio Announces the Publication of its Research Report Global Document Outsourcing Market 2016-2020
Technavio recognizes the following companies as the key players in the global document outsourcing market: Canon, HP, Lexmark International, Ricoh, and Xerox.
Other Prominent Vendors in the market are: ABBYY, Accenture, American Reprographic Company (ARC) Document Solutions, Cirrato, Cortado, Epson, Hyland, Konica Minolta, Levi Ray and Shoup, Swiss Post, and Toshiba.
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Commenting on the report, an analyst from Technavios team said: A trend that will propel market growth is the rise in digital mailroom outsourcing services. Digital mailroom solutions are implemented in organizations to manage high volume of mails coming various sources. Mailroom management services helps organizations to manage their unstructured mails into digital format with the help of document capturing and scanning technology. Outsourcing of mailroom management process reduces cost of in house management of digital documents. Digital mailroom solutions reduce in house overhead costs through automated process and increases operational workflow in the enterprises.
According to the report, a key growth driver for the document outsourcing market is the cost reduction and efficiency offered by third parties. One of the primary reasons of document outsourcing is cost reduction as organizations frequently outsource their document management systems to third parties, primarily to reduce in house cost of IT services and to boost operational efficiencies. Firms doing their multi businesses in industry verticals are befitted from innovative technologies offered by document management solution providers. IT outsourcing solutions reduce expenses on maintenance of in house IT department and provide a competitive IT solution to client firm. Organizations need to...