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Document Management Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Document Management Services Market Research Report | SIC UK0.020 | Jun 2016

Stacking up: Strong demand from the private and public sectors has supported growth

IBISWorld’s Document Management Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Iron Mountain (UK) Limited Iron Mountain (UK) Limited market share
Restore plc Restore plc market share
Shred-it Ltd Shred-it Ltd market share
Industry Statistics & Market Size
Revenue
£922m
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
12,077
Businesses
1,205
Industry Analysis & Industry Trends

The industry is expected to expand over the five years through 2016-17. Businesses in the industry provide outsourced document storage, document destruction and digital conversion of paper-based records to commercial and government clients. As a result of strict regulations relating to the retention and destruction of company records, the industry has performed well and exhibited consistent growth. The industry has also benefited from strong demand from government institutions, as departmental spending cuts encouraged the outsourcing of document management services to industry operators. Meanwhile, improving business confidence and growth in the number of businesses operating in the United Kingdom propelled industry demand... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Document Management Services industry is in the growth stage of its industry life cycle. Over the 10 years through 2021-22 industry value added is forecast to increase at a compound annual rate of 3.9%. Over the same period, GDP is forecast to increase at a compound annual rate of 2.3%. This indicates that the industry is growing faster than the wider economy. This is expected to be partly the result of increased demand for digitalisation services but also due to greater demand as a result of increasing legislation requiring businesses and government departments to destroy and store documents in a more controlled manner. Significant enterprise and establishment expansion also demonstrate that the industry is in the growth stage of its life cycle.

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Industry ProductsRelated ReportsTable of Contents

What is the Document Management Services Industry?

Companies in this industry provide document management services to other businesses and government clients. Industry services include document storage, record management and secure document destruction.

Industry Products
Document storage and filingDocument destructionDigitalisation and scanning
 
Industry Activities
Storage of paper documentsDestruction of paper documentsDigitisation of paper documents


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