Document Outsourcing Market Recorded 4.50% Y-O-Y Growth Rate in 2021 |Evolving Opportunities with Accenture Plc & Canon Inc | Technavio

NEW YORK, July 4, 2022 /PRNewswire/ -- The document outsourcing market share is expected to increase to USD 15.42 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.32% as per the latest market forecast report by Technavio.  The document outsourcing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Accenture Plc, Canon Inc., FUJIFILM Holdings Corp., HP Inc., Konica Minolta Inc., Lexmark International Inc., Ricoh Co. Ltd., Seiko Epson Corp., Toshiba Corp., and Xerox Corp. are among some of the major market participants. Few vendors with key offerings -

• Accenture Plc - The company offers document outsourcing for the process of creating, storing, and retaining employee-related communications
• To know about all major vendor offerings -  Request the Latest sample report 

Document Outsourcing Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The document outsourcing market report covers the following areas:

• Document Outsourcing Market Size
• Document Outsourcing Market Trends
• Document Outsourcing Market Industry Analysis

Document Outsourcing Market 2021-2025: Market Dynamics

Major Driver:

• The need for cost reduction, enhanced efficiency, and regulatory compliance is a major factor driving the global document outsourcing market share growth. 
• Various organizations around the world are opting to outsource their document management services to eliminate the time, costs, and inconvenience associated with in-house document management services. Moreover, developing an in-house document management solution also involves the risk of failure, which may result in an increase in the costs and time required for its development.
• To avoid such risks and to enhance the efficiency of the document management process, organizations are readily opting for the outsourcing of document management solutions. In 2019, the cost of data breaches in organizations with no automated data handling rose by an estimated $0.73 million across the world. Considering such an increase in the cost of data breaches, organizations worldwide are looking for reliable outsourcing services. This, in turn, is driving the global document outsourcing market.

Major Challenge:

• The data security issues in outsourcing will be a major challenge for the global document outsourcing market share growth during the forecast period. 
• There are security concerns associated with the use of outsourcing services, such as ensuring the privacy of sensitive data and the quality of services. Outsourcing vendors deal with data from several businesses simultaneously and use the same servers and devices to store the data, which may lead to the merging or leaking of sensitive and confidential information. Outsourcing companies must deploy effective security measures and secure platforms that must comply with stringent data protection regulations.
• If an outsourcing service provider fails to ensure the safety of the documents, clients can take legal action against the vendor, which, in turn, can have a negative impact on the brand identity and image of the outsourcing service provider/vendor. This also hampers the revenue and the consumer base of the company. Meanwhile, any leakage of confidential information may cause a significant revenue loss for several companies. 

Document Outsourcing Market 2021-2025: Segmentation Analysis

• Geography
• North America
• Europe
• APAC
• South America
• MEA
• Outsourcing services
• Onsite contracted services
• Statement printing services
• DPO service
• To know about the market contribution of each segment - Click Now!

Get ready to achieve excellent business outcomes from this exclusive Document Outsourcing Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -

• What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
• What is the current trend taking place in the market space?
• Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
• What are market drivers, restraints, and challenges impacting demand & growth of the market?
• Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Document Outsourcing Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Document Outsourcing Market Forecast Report -  Buy Now!

Related Reports:

• The CRM outsourcing market share is expected to increase by USD 21.29 bn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.19%.
• The recruitment process outsourcing (RPO) market share is expected to increase by USD 4.55 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 13.51%.

Table of Contents:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Data processing and outsourced services

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Outsourcing services

• 5.1 Market segments
• Exhibit 15: Outsourcing services - Market share 2020-2025 (%)

• 5.2 Comparison by Outsourcing services
• Exhibit 16: Comparison by Outsourcing services

• 5.3 Onsite contracted services - Market size and forecast 2020-2025
• Exhibit 17: Onsite contracted services - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: Onsite contracted services - Year-over-year growth 2020-2025 (%)

• 5.4 Statement printing services - Market size and forecast 2020-2025
• Exhibit 19: Statement printing services - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Statement printing services - Year-over-year growth 2020-2025 (%)

• 5.5 DPO services - Market size and forecast 2020-2025
• Exhibit 21: DPO services - Market size and forecast 2020-2025 ($ million)
• Exhibit 22: DPO services - Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by Outsourcing services
• Exhibit 23: Market opportunity by Outsourcing services

6 Customer landscape

• 6.1 Customer landscape
• Exhibit 24: Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 25: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 26: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 28: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 APAC - Market size and forecast 2020-2025
• Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
• Exhibit 34: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• Exhibit 37: Key leading countries

• 7.9 Market opportunity by geography
• Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 39: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 40: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 41: Landscape disruption
• Exhibit 42: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 43: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 44: Market positioning of vendors

• 10.3 Accenture Plc
• Exhibit 45: Accenture Plc - Overview
• Exhibit 46: Accenture Plc - Business segments
• Exhibit 47: Accenture Plc - Key news
• Exhibit 48: Accenture Plc - Key offerings
• Exhibit 49: Accenture Plc - Segment focus

• 10.4 Canon Inc.

• 10.5 FUJIFILM Holdings Corp.
• Exhibit 55: FUJIFILM Holdings Corp. - Overview
• Exhibit 56: FUJIFILM Holdings Corp. - Business segments
• Exhibit 57: FUJIFILM Holdings Corp. - Key news
• Exhibit 58: FUJIFILM Holdings Corp. - Key offerings
• Exhibit 59: FUJIFILM Holdings Corp. - Segment focus

• 10.6 HP Inc.
• Exhibit 60: HP Inc. - Overview
• Exhibit 61: HP Inc. - Business segments
• Exhibit 62: HP Inc. - Key news
• Exhibit 63: HP Inc. - Key offerings
• Exhibit 64: HP Inc. - Segment focus

• 10.7 Konica Minolta Inc.
• Exhibit 65: Konica Minolta Inc. - Overview
• Exhibit 66: Konica Minolta Inc. - Business segments
• Exhibit 67: Konica Minolta Inc. - Key offerings
• Exhibit 68: Konica Minolta Inc. - Segment focus

• 10.8 Lexmark International Inc.
• Exhibit 69: Lexmark International Inc. - Overview
• Exhibit 70: Lexmark International Inc. - Product and service
• Exhibit 71: Lexmark International Inc. - Key offerings

• 10.9 Ricoh Co. Ltd.
• Exhibit 72: Ricoh Co. Ltd. - Overview
• Exhibit 73: Ricoh Co. Ltd. - Business segments
• Exhibit 74: Ricoh Co. Ltd. - Key offerings
• Exhibit 75: Ricoh Co. Ltd. - Segment focus

• 10.10 Seiko Epson Corp.
• Exhibit 76: Seiko Epson Corp. - Overview
• Exhibit 77: Seiko Epson Corp. - Business segments
• Exhibit 78: Seiko Epson Corp. - Key news
• Exhibit 79: Seiko Epson Corp. - Key offerings
• Exhibit 80: Seiko Epson Corp. - Segment focus

• 10.11 Toshiba Corp.
• Exhibit 81: Toshiba Corp. - Overview
• Exhibit 82: Toshiba Corp. - Business segments
• Exhibit 83: Toshiba Corp. - Key news
• Exhibit 84: Toshiba Corp. - Key offerings
• Exhibit 85: Toshiba Corp. - Segment focus

• 10.12 Xerox Corp.
• Exhibit 86: Xerox Corp. - Overview
• Exhibit 87: Xerox Corp. - Business segments
• Exhibit 88: Xerox Corp. - Key news
• Exhibit 89: Xerox Corp. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 90: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 91: Research Methodology
• Exhibit 92: Validation techniques employed for market sizing
• Exhibit 93: Information sources

• 11.4 List of abbreviations
• Exhibit 94: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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