Printing Software Market Grows at a CAGR of 8.3% from 2021 to 2031 | Latest research report

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printing software market

The need for print management software is growing in response to the growing need for more effective and efficient management of print processes.

PORTLAND, PORTLAND, OR, USA, Sept. 20, 2022 /EINPresswire.com/ — The increase in the use of the big data platform, the strict measures taken to reduce the use of office paper and the Information security enhancements are driving the growth of the global printing software market. However, recurring expenses are restraining the growth of the market. On the other hand, the emergence of innovative software and services as well as the reduction of IT workload and costs offer new opportunities in the years to come.

Based on components, the software segment accounted for the largest market share in 2021, contributing more than three-fifths of the global printing software market, and is expected to maintain its leading position during the forecast period. This is due to its ability to join existing printing infrastructure and save a large amount of money on toner, paper, electricity and costly maintenance.

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However, the service segment is estimated to see the largest CAGR of 20.1% from 2022 to 2031, thanks to its help in determining the true cost per page, discovering the true cost of ownership of each printer and providing performance reports. history to offer. information to improve fleet management and optimize the fleet for improved workflows.

Based on the deployment model, the on-premises segment contributed the highest market share in 2021, accounting for nearly three-fifths of the global printing software market, and is expected to maintain its dominant share over the period. forecast. This is attributed to giving users more control over how security is established, monitored, and contained. However, the cloud segment is expected to show the fastest CAGR of 20.0% from 2022-2031. print servers.

Based on organization size, the large enterprise segment held the largest market share in 2021, contributing nearly three-fifths of the global printing software industry, and is expected to maintain its dominance during of the forecast period. This is attributed to the adoption of managed print services to monitor IT costs, human resources and almost every other area of ​​their business. However, the small and medium business segment is expected to register the largest CAGR of 19.7% during the forecast period, owing to the adoption of printing software by SMBs to shift control over their services.

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On an end-user basis, the retail segment held the largest market share in 2021, accounting for more than a quarter of the global printing software market, and is expected to maintain its revenue lead. throughout the forecast period. This is due to improved customer communications, content management and operational workflow automation. However, the food and beverage segment is expected to register the largest CAGR of 21.5% from 2022 to 2031, owing to the adoption of printing software to reduce the price of generating, printing and distribution of documents.

Based on region, North America contributed the highest market share in 2021, holding nearly two-fifths of the global printing software market, and is expected to maintain its leading status by 2031. This is due to an increase in the adoption of advanced technologies. by several lines of business to optimize operational efficiency, improve the financial situation and strengthen security. However, Asia-Pacific is expected to grow at the fastest CAGR of 19.7% from 2022 to 2031, driven by the adoption of third-platform technologies, including cloud, big data, and data. mobility.

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Some of the major printing software industry players profiled in the report include Canon, Inc., Epaper Ltd., Seiko Epson Corporation, Hewlett-Packard Inc., HID Global, Honeywell International Inc., Lenovo Group Ltd., LP Printing, MaPrinter Ltd. , Nuance Communications, PaperCut Software International, Pcounter, Print Manager, Printix.net, Ringdale UK Ltd., Te Connectivity, Xerox Corporation. This study includes Printing Software market share, trends, Printing Software market analysis, and future estimates to determine impending investment pockets.

KEY FINDINGS OF THE STUDY

• On the basis of components, in 2021, the software segment dominated the printing software market size. However, the service segment is expected to show significant growth over the forecast period.

• Based on end user, the retail segment generated the highest revenue in 2021.

• Based on organization size, the large enterprise segment generated the highest revenue in 2021. However, the small and medium enterprise segment is expected to show significant growth over the forecast period.

• Based on region, North America led the market in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

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