(Weymouth, MA) July 11, 2012...InfoTrends has just released its latest document outsourcing forecasts for the United States and Western Europe. Both forecasts, U.S. Document Outsourcing Market Forecast: 2011-2016 and European Document Outsourcing Market Forecast: 2011-2016, provide detailed snapshots of the document outsourcing market, forecast growth over the next five years, and include an analysis of trends driving the industry at present and expected to drive change in the future.
Document outsourcing revenues in the U.S. totaled $35.2 billion in 2011 and are expected to grow to $39.8 billion by 2016 at a 2.5% CAGR. In Western Europe, revenues totaled €25.3 billion in 2011 and are expected to grow to €30.3 billion by 2016 at a 3.7% CAGR. A primary growth driver is end-to-end document process outsourcing (DPO) as a result of enterprises recognizing the added business value that outsourcing an end-to-end process enables–including new revenue streams, higher productivity, improved competitive agility, and enhanced customer service.
“We continue to closely track this rapidly-evolving market and see sustained growth opportunities as organizations turn to outsourcing for document-related needs,” stated Matt Swain, Associate Director of Document Outsourcing at InfoTrends. “Additionally, we have a significant research effort underway–Service Expansion Opportunities for Document Outsourcing–which we expect will reveal even more opportunities for providers in this market as well.”
InfoTrends’ U.S. Document Outsourcing Market Forecast: 2011-2016 and European Document Outsourcing Market Forecast: 2011-2016 provide financial, statistical, and qualitative information required for effective strategic planning. They serve as valuable references for organizations considering document outsourcing engagement, as well as enterprises seeking to benchmark existing engagements.
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