Dataquest Forecasts Electronic Document Management Software Market to Hit $1.1 Billion This Year.

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 25, 1995--Driven by the growth in E-Forms and Workflow software, the worldwide electronic document management (EDM) software market will rise to $1.1 billion in 1995, up from $918 million in 1994, according to a recent Dataquest report.

The highest growth opportunities for EDM software exist in Asia/Pacific and Latin America.

"International opportunities abound in EDM software, especially when you anticipate the transition to print on demand, anywhere, anytime," said Jennifer Mitchell, principal analyst in Dataquest's Workgroup Computing Worldwide service.

"Xerox and EDS are uniting their EDM service centers for electronic document management and on-demand printing across the continents. Independent printers that do not band together to form cooperative, global chains will lose business from large customers that require such a service."

All areas of the EDM market will experience strong growth with the exception of the OCR market, which is experiencing a steep per-unit price decline without a revenue-compensating increase in volume (see Table 1). A new recognition software category called Document Recognition is likely to obsolete plain vanilla OCR by providing recognition of typography, page layout, and graphic element typing, as well as structural attributes for text zones. -0-

Table 1
1995 Worldwide Electronic Document Management Market Revenue Forecast
(Millions of U.S. Dollars)

EDM Software Category                1994          1995          1996

Text Retrieval                         86           108           124
OCR                                    52            55            57
Workflow                               52            71            95
TIMS                                  502           553           636
Lotus Notes                           190           327           285
E-Forms                                35            61           104
          Total EDM Software          918         1,085         1,301

Source: Dataquest (September 1995)-0-

Dataquest's most recent digital documents Market Trends report, "Digital Documents Enter the Mainstream," examines the shift of EDM revenue away from hardware and off-the-shelf software and toward services. The report also provides analysis of the technology evolution in information retrieval, document recognition, and scanning. To purchase this report, please call 800-419-DATA.

More information about Dataquest's programs, descriptions of other recent research reports, and full text of press releases can be found on the Internet at http://www.dataquest.com.

Dataquest Incorporated, headquartered in San Jose, California, is a 24-year-old global market research and consulting company serving the high-technology and financial communities. The company provides worldwide market coverage on the semiconductor, computer systems and peripherals, communications, document management, software, and services sectors of the information technology industry. Dataquest is an international company of The Dun & Bradstreet Corporation.

CONTACT: Dataquest Incorporated

Tom McCall, 408/468-8312 or [e-mail]