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Research and Markets: The Record Management Market in the US To Grow At A CAGR 13.8 Percent Over The Period 2010-2014

Research and Markets (http://www.researchandmarkets.com/research/61458b/record_management) has announced the addition of the "Record Management Market in the US 2010-2014" report to their offering.

One of the key factors contributing to this market growth is the need to meet the US Government's regulations. The Record Management market in the US has also been witnessing emergence of integrated record management. However, lack of commitment from top management could pose a challenge to the growth of this market.

Key vendors dominating this market space include Hewlett-Packard Co., EMC Corp., IBM Corp. and Open Text Corp.

TechNavio today published its report Record Management Market in the US 2010-2014 based on an in-depth study. The report aims to aid decision makers' understanding of the significant trends impacting this market.

Commenting on the report, an analyst from TechNavio's Enterprise Applications team said, The US Government has passed stringent regulations, such as the SOX Act for large enterprises, for effective and transparent management. Record management software helps those large organizations to meet the compliance requirement by providing effective and efficient record management. Regardless of their size, organizations are required to disclose information and documents such as specific compliance, auditing, and retention needs for litigation purposes.

According to the report, integration of record management with Microsoft Office and other infrastructure applications is one of the major trends in the market. The increasing adoption of infrastructure applications such as instant messaging, email, and enterprise social networks creates demand for integrated record management. Increasing adoption of infrastructure application increases the risk of record management scalability, and amount of data handling which in-turn create demand for integrated record management software.

The report also discusses the various challenges faced by this market including low return on investment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.

For more information visit http://www.researchandmarkets.com/research/61458b/record_management

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