Print Management Software Market Worth $4.5+ Billion, Globally, by 2028 at 15+% CAGR | The Insight Partners

NEW YORK, Oct. 18, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Print Management Software Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment, Enterprise Size, Industry, and Geography," the global print management software market size is projected to grow from USD 2,000.99 million in 2022 to USD 4,675.65 million by 2028; it is estimated to grow at a CAGR of 15.2% from 2022 to 2028.

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Global Print Management Software Market Report Scope, Segmentations, Regional & Country Scope:

Browse key market insights spread across 164 pages with 88 list of tables & 81 list of figures from the report, "Print Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT & Telecom, Healthcare, Retail, and Other)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/print-management-software-market

Global Print Management Software Market: Competitive Landscape and Key Developments

AND Technologies, Inc.; Canon Inc.; ePaper Ltd; KOFAX, INC.; PrinterLogic; PaperCut Software International Pty Ltd; Process Fusion; The Hewlett-Packard Company; ThinPrint GmbH; and Xerox Corporation are among the leading players profiled in the global print management software market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their growth. A few developments are mentioned below:

In August 2021, Kofax acquired Printix.net ApS, a cloud-based SaaS print management software provider, to expand its customer and partner ecosystem for establishing a strong position in the competitive market.

In September 2021, HP Development Company, L.P. launched HP Managed Print Flex, a new cloud-first managed print service (MPS) subscription plan that helps businesses optimize costs by simplifying management, improving productivity, and delivering flexibility to scale or customize as business needs change.

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Increase in Print-on-Demand Software Boosts Global Print Management Software Market Growth:

Print-on-demand software helps in the accurate and efficient management and optimization of printing machines and other procedures. These software solutions are mainly available as standalone software and embedded functionality for managed print facilities. In addition, tracking, managing, and controlling the entire printer fleet from a single application interface helps businesses save money on printing. Moreover, features such as scanners, desktop printers, and managed copiers further allow for unified control in the print management software. Thus, the growing awareness of print-on-demand software is anticipated to create lucrative opportunities for the global print management software market growth in the upcoming years.

Technological advancements have led to a highly competitive marketplace in North America. The presence of key market players, such as Xerox Corporation; Canon Inc.; HP, Inc.; PrinterLogic; and Kofax, Inc., are increasingly providing complete solutions for managing and monitoring print operations, improving efficiency, and automating off-site operations processes. Similarly, many organizations across North America and the world currently use print management software from PaperCut; its four offices respond to the demands for these solutions and implement the same successfully in several schools and other significant accounts across Ontario.

Moreover, there is an increasing number of on-demand webinars providing security audits & assessments in North America, to ensure privacy, data integrity, and security to prevent data leaks and maintain regulatory compliance. For example, PriApps conducted webinars on August 4, 11, and 18, 2020. Its print management software deployment in North America has benefited many leading universities. Further, the insurance industry in North America has grown substantially in the past. As the insurance industry responds to rising market and cost pressures, it is essential to optimize the print environment to save time and money that could be better spent working with customers and expanding businesses.

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Global Print Management Software Market: Industry Overview

The global print management software market is segmented on the basis of deployment, enterprise size, industry, and geography. Based on deployment, the market is bifurcated into on-premises and cloud. In terms of enterprise size, the print management software market is bifurcated into small and medium enterprises, and large enterprises. Based on industry, the market is segmented into IT & telecom, BFIS, healthcare, retail, and others. Based on geography, the print management software market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

A rise in the middle-class population and urbanization in Asia Pacific countries is providing a significant opportunity for the key players in the print management software market. Rapid technological advancements and policy support, and economic digitization and growing disposable income—especially in the middle-income class community—are assisting in the transition of economies in this region from the growth phase to the developed phase. APAC is projected to register the fastest CAGR in the global print management software market during the forecast period. The region has a robust IT infrastructure and access to robust software and service offerings.

As the labor crisis and high rents continue to impact the retail sector in APAC, enterprises in the region seek to increase investments in self-service technologies and automation to cut costs and enhance the customer experience. Several supermarket chains have installed self-service kiosks at checkout counters with an optimistic objective to obtain improved results due to reduced waiting times. The need for innovation, agility, and flexibility, and speedy business processes propel the demand for SaaS-based solutions, as these vendors provide solutions that help drive margins with lower operating costs. These factors are contributing to the growth of the software print management market in APAC.

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