Report : Print Management Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and SMEs), Industry (BFSI, IT and Telecom, Healthcare, Retail, and Other Industries
Reduced Cost of Printing and Enhanced Performance to Support Growth of Print Management Software Market
According to our latest market study on “GlobalPrint Management Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and SMEs), Industry (BFSI, IT and Telecom, Healthcare, Retail, and Other Industries), and Geography,”the global print management software market was valued at US$ 1,344.5 million in 2019 and is expected to reach US$ 5,282.2 million by 2027; it is estimated to grow at a CAGR of 18.8% during 2020–2027. The report highlightskey factors driving the market growth, and prominent players and their developmentsin the market.
A print management software is designed to efficiently manage and enhance printing devices and associated processes. It requests user authentication while providing access to printers and other print services. This software provides a wide range of value-added features to optimize the user experience, including regulatory compliance and information governance, data and document security, network security, and user authentication. Growing adoption of these software in all businesses of all sizes drives the growth of the print management software market.
Companies that use big data solutions are increasingly adopting print management software to streamline their operations, reduce costs, and increase workplace productivity. These software enable users to create digital files by scanning documents, thus enabling companies to control, manage, and access their important documents in a better way. Print management software also allow better collaboration between different departments within an organization for analytical purposes. The software allow companies to sort and organize essential documents more efficiently by using optical character recognition (OCR). They also provide enhanced security features to help protect valuable information from network breaches. Thus, increasing adoption of big data solutions is one of the significant trends in the print management market, which would drive its growth during the forecast period.
COVID–19 Impact on Print Management Software Market
According to the World Health Organization (WHO), the US, Turkey, Brazil, Spain, Germany, Italy, France, UK, Russia, Iran, India and China, are some of the worst affected countries due to the COVID-19 outbreak. As of August 11, 2020, ~20,281,373 confirmed COVID-19 cases were reported globally, with ~ 739,770 total deaths, and the number is growing at varying rates in different countries. The COVID-19 pandemic is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020,which is likely to continue in 2021 as well. The outbreak has created significant disruptions in various industries, such as logistics, retail, and e-commerce.
The report segmentsthe global print management software market as follows:
Print Management Software Market – by Deployment
Print Management Software Market – by Enterprise Size
Print Management Software Market – by Industry
Print Management Software Market –by Geography