Print Management Software Global Market Report 2024

The print management software market size has grown exponentially in recent years. It will grow from $2.99 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth observed in the historic period can be attributed to several factors including cost reduction initiatives, escalating environmental concerns, widespread adoption of cloud computing, and the surge in remote work trends.

The print management software market size is expected to see exponential growth in the next few years. It will grow to $7.55 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The anticipated growth in the forecast period can be linked to the increased adoption of cloud technologies, the ongoing trends in remote work, the imperative for cost optimization, the heightened focus on security, and the burgeoning sustainability initiatives. Notable trends expected in the forecast period encompass further advancements in cloud adoption, heightened demand for mobile printing solutions, an increased emphasis on security and compliance measures, integration with IoT and AI technologies, and a notable shift towards subscription-based pricing models.

The surging adoption of cloud computing is poised to propel growth in the print management software market. Cloud computing, which involves delivering computing services over the Internet, including storage, databases, software, and networking, is witnessing increased adoption due to its cost efficiency and accessibility advantages. Cloud computing enables seamless remote work and collaboration, driving organizations to leverage its benefits. Cloud computing enhances print management software by offering robust security measures to protect print data and infrastructure against unauthorized access, data breaches, and cyber threats. For example, according to the European Commission's December 2023 report, 45.2% of EU enterprises had embraced cloud computing services in 2023, marking a 4.2 percentage point increase from 2021. This surge in cloud adoption underscores its pivotal role in driving growth in the print management software market.

Key players in the print management software market are prioritizing the development of technological innovations, particularly cloud-based print management software solutions, to enhance and streamline printing operations across distributed and remote work environments. Cloud-based print management software solutions enable organizations to centrally manage and optimize their printing infrastructure using cloud computing technology. For instance, Ricoh Company, Ltd. launched RICOH CloudStream in April 2021, a new cloud-based print management solution offering a print-as-a-service model. This solution simplifies print management by migrating print infrastructure to the cloud, reducing costs, and eliminating the need for on-premise print servers. With features such as location-based printing, secure cloud storage, and centralized management through the Azure portal, businesses can efficiently manage their print environment and scale their print management system effortlessly.

In August 2021, Kofax Inc. bolstered its intelligent automation platform by acquiring Printix.net ApS for an undisclosed amount. This strategic acquisition aims to strengthen Kofax's presence in the high-growth cloud-based SaaS print management software market and accelerate organizations' digital workflow transformation journeys. Printix.net ApS, a Denmark-based developer of print management software, brings valuable expertise and solutions to Kofax, enabling them to offer enhanced cloud-based print management solutions tailored to businesses' evolving needs.

Major companies operating in the print management software market are The Hewlett-Packard Company, Canon Inc., Kyocera, Ricoh Company Ltd., Epson Print Admin, Konica Minolta, Xerox Corporation, Brother International Corporation, Nuance, KOFAX INC., EFI (Electronics for Imaging Inc.), Levi Ray & Shoup Inc, Y Soft Corporation, PaperCut Software International Pty Ltd, Pharos Systems, ThinPrint GmbH, Process Fusion, PrinterLogic, Ringdale UK Ltd., Uniprint, Sepialine Inc., PrintManager, Printix.net, AND Technologies Inc., United Carlton.

North America was the largest region in the print management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the print management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the print management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Print management software encompasses computer applications tailored to oversee, regulate, and enhance printing operations within an organization. These solutions effectively handle printers, print queues, and print jobs across interconnected devices such as printers, copiers, and multifunction devices.

The primary structural categories of print management software comprise embedded software and stand-alone software. Embedded software denotes programs or code specifically crafted to execute dedicated functions within embedded systems. This software can be deployed on-premises or in the cloud, catering to organizations of diverse sizes, including small and medium-sized enterprises as well as large enterprises. Its user base spans across various sectors such as banking, financial services, and insurance (BFSI), information technology and telecom, healthcare, retail, media and entertainment, among others.

The print management software market research report is one of a series of new reports that provides print management software market statistics, including print management software industry global market size, regional shares, competitors with a print management software market share, detailed print management software market segments, market trends and opportunities, and any further data you may need to thrive in the print management software industry. This print management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The print management software market consists of revenues earned by entities by providing services such as centralized print queue management, user authentication and authorization, cost tracking and reporting, and print queue monitoring and alerts. The market value includes the value of related goods sold by the service provider or included within the service offering. The print management software market also includes sales of multifunction devices, cost tracking and reporting tools, and mobile and remote printing solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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