- DOCUMENT MANAGEMENT SERVICES IN DEMAND: In what may present new consulting opportunities for accounting firms, the content and document management services market will grow by about 40 percent per year, to $24.4 billion in 2006, according to technology industry analysts International Data Corp.
"Even the best firms struggle to manage the avalanche of employee, customer and supplier content across multiple media," said IDC research manager Ellen Julian. She noted that business consultants "are developing robust content and document services practices to help their customers formulate a strategy for managing the influx of content from all sources."
And the market is not limited to the Fortune 500. Vendors, who recently rolled out document management systems targeting the small and midsized business market, include financial management application service provider Intacct Corp.
Factors driving document management services include businesses’ new requirements for upgraded search and navigation, and paperwork elimination initiatives, Framingham, Mass.-based IDC said. Its findings are in the study. "Content and Document Management Service Market Forecast, 2001-2006."