Key Developments in the Global Electronic Forms (e-Forms) Market
The electronic forms (e-Forms) market is seeing a rapid surge in demand as businesses across the globe embrace digital transformation. These forms, which allow users to collect, process, and store data electronically, are crucial in enhancing operational efficiency, improving data accuracy, and ensuring better compliance with regulatory requirements. As governments, enterprises, and educational institutions digitize their services, the e-Forms market continues to grow exponentially.
The size of the global electronic forms (e-forms) market is anticipated to grow at a compound annual growth rate (CAGR) of 17.97% to reach over US $42.72 billion by 2030. The competitive landscape and country market trends have been explored in the research.
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Latest News on Mergers and Acquisitions in the E-Forms Market
Asia-Pacific Region:
- Vietnam:
The Vietnamese e-Forms market is experiencing a boom as local companies partner with international players to enhance their digital solutions. In 2024, VietForm Solutions entered into a strategic alliance with Global E-Forms Inc. to improve digital document management for government and enterprise clients, streamlining data collection and processing. - Thailand:
Thai companies are increasingly adopting e-Forms to meet the demand for digital services. In 2023, FormTech Solutions merged with DigitalDocs Ltd. to create a robust e-Forms solution for the Thai government’s digitalization initiative, enabling secure, paperless data entry for government forms. - Singapore:
SingaporeForm Technologies, a leading e-Forms provider, made waves in the market by acquiring DigitalFlow Solutions in a strategic acquisition to expand its portfolio of e-Forms solutions for financial services, healthcare, and government sectors. The acquisition is set to enhance secure data handling and improve compliance with regional regulations. - Japan:
Japan has seen notable developments in the e-Forms sector, with major tech players investing heavily in automation. TechSolutions Japan, after acquiring FormWorks International, has expanded its e-Forms offerings to include AI-driven solutions designed to optimize document processing in large-scale enterprises. - South Korea:
The South Korean market is benefiting from a surge in government-driven e-Government initiatives. SmartForms Co., a prominent player in the region, entered into a partnership with Korea Digital Corporation to enhance its e-Forms solutions for public sector use, enabling streamlined data collection and digital document management.
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Key Insights from Regional Markets
- Asia-Pacific: The Asia-Pacific region is witnessing rapid growth in the e-Forms market due to strong government initiatives and the increasing digitalization of businesses. Mergers and partnerships in this region are expected to enhance the development of region-specific e-Forms solutions.
- Europe: In Europe, regulations like GDPR are pushing the demand for secure, compliant e-Forms solutions. Strategic mergers, such as DocuTech Group’s acquisition of eForms Solutions Ltd., are designed to meet these regulatory needs while providing cutting-edge solutions for businesses.
- North America: The US market remains a leader in e-Forms adoption, with significant mergers and acquisitions enhancing the capabilities of key players like DocuSign and Formstack. The focus is on automating document workflows and enhancing data security in critical sectors such as finance and healthcare.
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Segmentation:
by Deployment
Cloud-based
On-Premise
The market for electronic forms, or e-forms, is divided into two segments based on deployment: cloud-based and on-premise. With the growing demand for large amounts of data to be stored on cloud servers and for on-demand content via internet servers, the industry is dominated by cloud-based solutions that enable real-time collaboration and many users to access the same form.
by Organization Size
Small and Medium Enterprises
Large Enterprises
Due to the growing number of SMEs and the different industry verticals driving market expansion, small and medium-sized businesses are the segment most likely to dominate the market over the projection period based on organization size.According to industrial verticals, the growing number of applications in the sector makes IT & telecommunications the leading category to dominate the market over the projection period. The main forces behind market development are the rapid growth of digital data and the ability to gain insight into user behavior.
by Industry Verticals
Education
Gaming
IT & Telecommunications
Aerospace & Defense
Legal
Media & Entertainment
Automotive
Banking Financial Services and Insurance
Consumer Goods
Others
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Key Players:
Several companies are leading the charge in the global e-Forms market by offering innovative solutions for document management and digital transformation. These include:
- Formstack: Known for its drag-and-drop form-building platform, Formstack continues to innovate in the e-Forms space, focusing on integrations with cloud platforms to streamline workflows.
- DocuSign: As a global leader in electronic agreements, DocuSign continues to expand its offerings, adding more features to its e-Forms suite, including automated document routing and real-time analytics.
1. Trexa
2. JotForm Inc
3. Adobe
4. Microsoft
5. FormHero
6. Open Text Corporation
7. PerfectForms
8. Formatta
9. LincWare
10. doForms
11. Integrify
12. Docsvault
13. FileHold
14. ILINX
15. Hyland Software, Inc
16. Streebo Inc
17. HelpSystems
18. Comindware Inc
19. dbtech Ras
20. Lightico
21. Laserfiche
22. Deltagon Group Oy
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