Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Business Document Work Process Management Market size is estimated at USD 3.4 billion in 2024 and is predicted to cross USD 21.3 billion by the end of 2037, expanding at more than 15.2% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of business document work process management is evaluated at USD 3.9 billion.
The primary growth driver for the business document work process management is digital transformation. This trend is promoting organizations to adopt advanced technologies to streamline and automate their document management processes.
Additionally, increasing investments in IT sector globally is also driving the business document work process management market. According to a report by the International Trade Administration in 2019, the U.S. has the world's largest information technology (IT) industry, accounting for one-third of the USD 5 trillion worldwide IT sector. Also, according to the India Brand Equity Foundation (IBEF), India's IT expenditure is predicted to increase by double digits in 2024, from USD 124.7 billion to USD 138.6 billion, a double-digit gain of 11.1% from 2023.
