Output Management Software Market By Key Players: Lexmark, Levi, Ray & Shoup, Inc. (LRS), CA Technologies, Ricoh USA, Inc., Neopost, Kyocera International – Communications Equipment Group, HP, Pitney Bowes, OpenText, Nuance Communications, Fuji Xerox, U
Output Management Software Market is expected to exhibit a lucrative growth over the forecast period due to the growing need for efficiently producing, managing, and distributing business output information. As the output management software simplifies the management of business output documents by integrating different enterprise workflow management systems, IT administrative tasks can be accelerated resulting in the reduced IT expenditure in enterprises.
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The numerous benefits offered by the solution also foster the growth of the output management software market. It facilitates the reliable delivery of print jobs to output resources such as printers, fax-destinations, web, and email destinations in distributed and non-distributed space. Through these solutions, administrators manage delivery operations centrally, while eliminating the limitations of point solutions that address the requirements of an independent user. The fast delivery of reports from numerous simultaneous processes or users to many fax machines, printers, emails, and other destinations can be easily managed through these solutions fueling output management software market. Enterprises derive immense value from these solutions in terms of significant reduction in the number of help desk calls, improved on-time performance, accurate tracking, and monitoring of business documents generated from ERP systems, reduced distribution, and shipping costs along with the reduction in network traffic originating from the enterprise’s central website.
North America is expected to hold the majority share of the output management software market over the forecast period due to the robust growth in the BFSI sector in the region along with the rising adoption of solutions by the healthcare industry in the U.S. As the region is witnessing a rapid digitization in the healthcare sector due to favorable government initiatives, it is expected to dominate the global output management software market between 2018 and 2024. Asia Pacific output management software market is expected to register accelerated growth during the forecast period due to a growing trend among enterprises in North America and Europe to outsource output management functions, such as print management, to the companies operating in Asia Pacific. The outsourcing allows these companies to focus on their core competencies such as research and development, product designing, and commercialization.
Top Key Players:
2. Levi, Ray & Shoup, Inc. (LRS)
3. CA Technologies
4. Ricoh USA, Inc.
6. Kyocera International – Communications Equipment Group
8. Pitney Bowes
10. Nuance Communications
11. Fuji Xerox
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The companies operating in the output management software market focus on product development and aim at introducing tailor-made solutions for specific applications in a diverse range of customer segments. For instance, in November 2017, Lexmark International, one of the leading global providers of imaging solutions introduced the Lexmark Advanced Output Management solution for the healthcare sector. The system provides an advanced queue management software coupled with durable, easy-to-use Lexmark printers to provide highly accurate, reliable, and fast delivery of healthcare information. Similarly, in June 2016, Neopost, a global provider of mailing, shipping, and document management solutions announced the availability of the version 5 of its OMS-500 output management software solution, which enables Small and Medium Enterprise (SMEs) to efficiently manage their customer-oriented communication functions across digital and physical channels.
Some of the companies operating in the output management software market are Lexmark, Ray & Shoup, Inc. (LRS),, CA Technologies, Ricoh USA, Inc., Neopost, Kyocera International – Communications Equipment Group, DocuMatrix, HP, Plus Technologies, Barr Systems, Rochester Software Associates, Pitney Bowes, OpenText, Nuance Communications, Formate, Fuji Xerox, and Unisys.
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