Output Management Software Global Market Report 2024

The output management software market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The expansion observed in the historical period can be attributed to several factors. These include technological advancements that have led to increased efficiency, heightened demand for regulatory compliance requirements, the globalization of businesses, and the growing adoption of cloud computing solutions.

The output management software market size is expected to see strong growth in the next few years. It will grow to $11.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period is driven by several key factors. These include the ongoing digital transformation initiatives across industries, the increasing adoption of cloud computing solutions, the prevalence of remote work trends, the continuous growth in data volumes, and the rising demand for enhanced document security measures. Major trends expected in the forecast period include the integration of cloud solutions, optimization for mobile devices, the implementation of AI-driven automation processes, the enhancement of security features to safeguard sensitive documents, and the scalability of solutions tailored for small and medium-sized enterprises (SMEs). These trends are poised to shape the trajectory of the industry in the coming years.

The increasing emphasis on digital transformation is poised to drive growth in the output management software market. Digital transformation entails the integration of digital technologies into business operations to revolutionize organizational functioning and enhance customer service. This heightened focus on digital transformation is fueled by technological advancements, improved operational efficiency, and the need to meet evolving customer expectations. Output management software plays a pivotal role in this transformation by digitizing document workflows, facilitating seamless integration with digital systems, mobile devices, and online platforms, thereby supporting organizations in their digitalization endeavors. For instance, a June 2023 report by Skift, in collaboration with Amazon Web Services, Inc., revealed that over 80% of executives had increased their digital transformation budgets compared to 2022, with approximately one-third indicating a budget increase of more than 5% year over year. Thus, the escalating focus on digital transformation is expected to be a key driver for the growth of the output management software market.

Leading companies in the output management software market are committed to the ongoing evolution and enhancement of production print workflow software, such as QDirect, to meet the evolving needs of businesses for efficient document management and printing processes. QDirect is a print output management and workflow software solution that streamlines the end-to-end workflow, encompassing job submission, prepress preparation, printing, finishing, and delivery. For example, in October 2022, Rochester Software Associates introduced a new version of QDirect with notable enhancements, including improved mailing insertion, enhanced accuracy, and advanced print-job tracking capabilities. This updated version of QDirect aims to optimize customer communication management (CCM) operations, enabling digital print providers to achieve greater efficiency and streamlined processes while ensuring heightened accuracy in document handling and tracking.

In August 2021, Kofax bolstered its position in the output management software market through the acquisition of Printix.net ApS, a Denmark-based company offering output management software. The acquisition, executed for an undisclosed amount, enables Kofax to swiftly expand Printix's market reach, partner channels, and customer base. Additionally, Printix's existing customers and partners stand to benefit from Kofax's extensive resources and broad portfolio of complementary software and solutions. This strategic move reinforces Kofax's commitment to delivering comprehensive output management solutions and further solidifies its presence in the market.

Major companies operating in the output management software market are HP Development Company, Broadcom Inc., Canon Solutions America, The Ricoh Company Ltd., Kyocera Corporation, Konica Minolta Business Solutions, Xerox Corporation, Fujifilm Business Innovation Corporation, Lexmark International Inc., Pitney Bowes Inc., Open Text Corporation, Unisys Corporation, Nuance Communications, Quadient, Levi Ray & Shoup Inc., BCC Software, Docpath Corporation, Stargel Office Solutions, Barr Systems LLC, Solimar Systems Inc., UNICOM Global, Rochester Software Associates Inc., Symtrax Corporation, DocuMatrix, Plus Technologies LLC, SEAL Systems AG.

North America was the largest region in the output management software market in 2023. The regions covered in the output management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

Output management software is a specialized type of software designed to effectively control and optimize the flow of documents and information across various systems within an organization. This software efficiently manages tasks such as document creation, distribution, storage, and retrieval across multiple platforms and devices.

The primary categories of output management software encompass enterprise output management, healthcare output management, and payment and billing management solutions. Enterprise output management software is tailored to streamline the processing, distribution, and management of business documents within large organizations. These solutions are available in both cloud-based and on-premises deployments, catering to the needs of enterprises ranging from large corporations to small and medium-sized businesses across various sectors such as banking, financial services, and insurance (BFSI), manufacturing, healthcare, education, and other industries.

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

The output management software market consists of revenues earned by entities by providing services such as customization and integration services, managed services, and implementation services. The market value includes the value of related goods sold by the service provider or included within the service offering. The output management software market also includes sales of project management software, customer relationship management (CRM) software, human resource management (HRM) software, and inventory management software. 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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