Print Management Software Market Size Statistics Report 2028

The print management software market is projected to grow from US$ 2,000.99 million in 2022, it is estimated to grow at a CAGR of 15.2% from 2022 to 2028.

Several third-party solution providers offer print management software that can be integrated with a wide range of printing devices and copiers. These software products are universal as they can be used with any brand or type of printer. They help track and control print jobs sent from Windows/Linux/UNIX/Mac OS clients and eliminate unnecessary paper usage, thereby reducing wastage. Print management software products help track deleted queue jobs and already printed jobs. The increased cost of papers, prints, toner, and ink for companies worldwide drives the demand for print management software. Moreover, the rising demand for real-time data on printer fleets, efficient enterprise printing process management, and optimization through software are expected to support global print management software market growth in the coming years. Further, the growing emphasis on lowering deforestation through reducing paper usage by businesses and governments is expected to boost the adoption of print management software during the forecast period.

The print management software market in Asia Pacific is estimated to grow at the highest CAGR during the forecast period. These software solutions help in facilitating secure print release. The need for innovation, agility, flexibility, and speedy business processes boosts the demand for SaaS-based solutions, as these vendors provide solutions that help drive margins with lower operating costs. Canon Inc.; HP, Inc.; and Xerox Corporation are among the key players in the region that provide several security solutions to manage confidential documents to unauthorized audiences, keeping the company's information safe. Enhanced printing performance and reduced printing cost are among other factors driving the demand for print management software in APAC. Market players in the region are adopting organic and inorganic growth strategies to stay competitive in the print management software market. For instance, in March 2020, Ricoh Asia Pacific announced the launch of a fully integrated Celiveo Print Management solution for Ricoh SOP2/SOP2.5 MFDs. This new, fully embedded product is the first solution in the market to comply with the latest IT trend of serverless and edge computing

Strategic Insights

Impact of COVID-19 Pandemic on Europe Print Management Software Market 

European countries represent a significant market for print management software adoption owing to the high purchasing power of individual customers and the flourishing e-commerce industry. However, the retail and e-commerce industries, and smartphone and digital camera manufacturing in European countries experienced a massive drop in 2020. Although these manufacturing industries recovered and began growing at a moderate growth rate in 2021, they would require time to stabilize. These factors are expected to have a direct impact on the print management software market growth in Europe. 

Lucrative Regions for Print Management Software Market

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Market Insights – Print Management Software Market

Rise in Adoption of Big Data Solutions to Drive Print Management Software Market in Coming Years

Print management software enables users to create digital files by scanning documents, thus enabling companies to control, manage, and access their most important documents. These software solutions also allow companies to sort and organize essential documents more efficiently using optical character recognition (OCR). They provide enhanced security features to help protect valuable information from network breaches. Print management software products allow better collaboration among different departments within the organization for analytical purposes. Companies using Big Data solutions are increasingly adopting this software to streamline operations, reduce costs, and increase workplace productivity. Thus, the 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.

Deployment-Based Print Management Software Market Insights

Based on deployment, the print management software market is bifurcated into on-premise and cloud. The cloud segment accounted for a larger market share in 2021. Recently, there has been a significant rise in the adoption of cloud-based software in the technology sector. These software products can be deployed through a simple process that incurs significantly low costs. Thus, many print management software market players focus on offering reliable and secure cloud-based products to protect consumer data from breaches and cyber threats. Additionally, developed countries have matured Internet infrastructure, while it is still flourishing in several developing countries; these conditions allow end users in these countries to access the cloud-based print management software.

Players operating in the print management software market mainly focus on developing advanced and efficient products.

• In September 2021, HP Development Company, L.P. announced 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 according to business needs.
• In March 2020, PrinterLogic launched a new solution with integration with Okta, the provider of identity for the enterprise. This would assist the IT professionals in eliminating print servers and identity-related infrastructure by connecting the Okta Identity Cloud into PrinterLogic SaaS for SCIM provisioning and single sign-on (SSO).

Company Profiled:

• AND Technologies, Inc.
• Canon Inc.
• ePaper Ltd
• KOFAX, INC.
• PrinterLogic
• PaperCut Software International Pty Ltd
• Process Fusion
• The Hewlett-Packard Company
• ThinPrint GmbH
• Xerox Corporation