Market Overview:
The global physical document destruction service provider services market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about data security and privacy among individuals and enterprises, and the rising number of data breaches across industries. In addition, the growing demand for secure document disposal solutions from government organizations is also contributing to the growth of this market. Based on type, the physical document destruction service provider services market can be segmented into online service and offline service. The online service segment is expected to grow at a higher CAGR than the offline service segment during the forecast period. This can be attributed to factors such as easy accessibility, convenience, and low cost of these services compared with offline services. Based on application, the physical document destruction service provider services market can be divided into individual, enterprise, and others segments.
Product Definition:
A physical document destruction service provider is a company that helps businesses and individuals destroy their confidential documents in a secure manner. The importance of using a physical document destruction service provider is that it ensures the privacy and security of your data. By using a reputable company, you can be confident that your documents will be destroyed properly and that your information will remain confidential.
Online Service:
Online service is a facility where the customers can get rid of their unwanted physical documents by sending them to the shredding company. The online service has been growing at a rapid rate due to its benefits such as convenience, cost-effectiveness, and time-saving. Moreover, it helps in maintaining customer records which are clean and organized.
Offline Service:
Offline service is a method of storing data on physical media such as tapes, discs, and USB drives. The offline storage mediums are used by the service providers for the destruction of physical documents. The term “physical document” is used to define any printed or non-printed material that can be scanned and converted into digital form by Optical Character Recognition (OCR) software.
Application Insights:
The individual application segment held the largest market share in 2017. This can be attributed to the rising number of individuals across the globe who are using physical documents as a substitute to digital files for managing and storing information. The use of physical document management is also increasing due to various advantages such as ease of access, control, and security over digital files.
Physical document destruction service providers are adopting various strategies such as partnerships with institutions offering courses related to digitization and its benefits so that people understand about their importance. Physical document destruction service providers are also collaborating with government organizations, educational institutions, not-for-profit organizations (NPOs), businesses etc., which offer training programs on different aspects related to physical documents followed by Destruction Services on a voluntary basis for students or employees from these partner organizations or institutions.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to growing awareness among individuals about shredding services and increasing government initiatives for data security. For instance, in 2015, the U.S. National Archives and Records Administration (NARA) launched a program called “Records on Destroyed Things†that encourages people to donate old records so that they can be shredded or burned as an act of remembrance for those who died during World War I.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income levels and improving standard of living especially in developing countries such as India.
Growth Factors:
- Increasing awareness about the benefits of secure document destruction: The physical document destruction service providers are offering their services to help businesses and organizations protect their confidential data from being compromised. As the awareness about the importance of data security increases, the demand for these services is also expected to grow.
- Rising number of data breaches: According to a study by Ponemon Institute, the global average cost per record breached was million in 2017, an increase of 6% from 2016. This is driving businesses and organizations to seek out professional document destruction services that can help them protect their confidential information from being compromised in case of a data breach.
- Growing number of compliance regulations: There has been a surge in compliance regulations over the past few years as governments around the world are increasingly focusing on protecting consumer privacy rights. These regulations are forcing businesses and organizations to take measures to safeguard their confidential information, which is driving demand for physical document destruction services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Physical Document Destruction Service Provider Services Market Research Report
By Type
Online Service, Offline Service
By Application
Individual, Enterprise, Others
By Companies
Accurate Document Destruction, American Shredding, Armstrong Archives, Beaver Shredding, Blue-Pencil Information Security, Cube Records Management Services, Groot Industries, Iron Mountain, Sean Fredricks, Opportunity Secure Data Destruction, Pacific Records, Proshred, Records Management Services, ShredConnect, Stericycle
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Physical Document Destruction Service Provider Services Market Report Segments:
The global Physical Document Destruction Service Provider Services market is segmented on the basis of:
Types
Online Service, Offline Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Individual, Enterprise, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accurate Document Destruction
- American Shredding
- Armstrong Archives
- Beaver Shredding
- Blue-Pencil Information Security
- Cube Records Management Services
- Groot Industries
- Iron Mountain
- Sean Fredricks
- Opportunity Secure Data Destruction
- Pacific Records
- Proshred
- Records Management Services
- ShredConnect
- Stericycle
Highlights of The Physical Document Destruction Service Provider Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Service
- Offline Service
- By Application:
- Individual
- Enterprise
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Physical Document Destruction Service Provider Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Physical document destruction service provider services are a type of business that helps people destroy physical documents. This can include things like old newspapers, magazines, and junk mail.
Some of the key players operating in the physical document destruction service provider services market are Accurate Document Destruction, American Shredding, Armstrong Archives, Beaver Shredding, Blue-Pencil Information Security, Cube Records Management Services, Groot Industries, Iron Mountain, Sean Fredricks, Opportunity Secure Data Destruction, Pacific Records, Proshred, Records Management Services, ShredConnect, Stericycle.
The physical document destruction service provider services market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Physical Document Destruction Service Provider Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Physical Document Destruction Service Provider Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Physical Document Destruction Service Provider Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Physical Document Destruction Service Provider Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Physical Document Destruction Service Provider Services Market Size & Forecast, 2018-2028
4.5.1 Physical Document Destruction Service Provider Services Market Size and Y-o-Y Growth
4.5.2 Physical Document Destruction Service Provider Services Market Absolute $ Opportunity
Chapter 5 Global Physical Document Destruction Service Provider Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Physical Document Destruction Service Provider Services Market Size Forecast by Type
5.2.1 Online Service
5.2.2 Offline Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Physical Document Destruction Service Provider Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Physical Document Destruction Service Provider Services Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Physical Document Destruction Service Provider Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Physical Document Destruction Service Provider Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Physical Document Destruction Service Provider Services Analysis and Forecast
9.1 Introduction
9.2 North America Physical Document Destruction Service Provider Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Physical Document Destruction Service Provider Services Market Size Forecast by Type
9.6.1 Online Service
9.6.2 Offline Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Physical Document Destruction Service Provider Services Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Physical Document Destruction Service Provider Services Analysis and Forecast
10.1 Introduction
10.2 Europe Physical Document Destruction Service Provider Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Physical Document Destruction Service Provider Services Market Size Forecast by Type
10.6.1 Online Service
10.6.2 Offline Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Physical Document Destruction Service Provider Services Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Physical Document Destruction Service Provider Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Physical Document Destruction Service Provider Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Physical Document Destruction Service Provider Services Market Size Forecast by Type
11.6.1 Online Service
11.6.2 Offline Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Physical Document Destruction Service Provider Services Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Physical Document Destruction Service Provider Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Physical Document Destruction Service Provider Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Physical Document Destruction Service Provider Services Market Size Forecast by Type
12.6.1 Online Service
12.6.2 Offline Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Physical Document Destruction Service Provider Services Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Physical Document Destruction Service Provider Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Physical Document Destruction Service Provider Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Physical Document Destruction Service Provider Services Market Size Forecast by Type
13.6.1 Online Service
13.6.2 Offline Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Physical Document Destruction Service Provider Services Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Physical Document Destruction Service Provider Services Market: Competitive Dashboard
14.2 Global Physical Document Destruction Service Provider Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accurate Document Destruction
14.3.2 American Shredding
14.3.3 Armstrong Archives
14.3.4 Beaver Shredding
14.3.5 Blue-Pencil Information Security
14.3.6 Cube Records Management Services
14.3.7 Groot Industries
14.3.8 Iron Mountain
14.3.9 Sean Fredricks
14.3.10 Opportunity Secure Data Destruction
14.3.11 Pacific Records
14.3.12 Proshred
14.3.13 Records Management Services
14.3.14 ShredConnect
14.3.15 Stericycle
