Output Management Software Market Growth is Impelled by digitization in the healthcare sector | CA Technologies, Ricoh, Neopost, KYOCERA, DocuMatrix, HP Development Company, Plus Technologies

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. rapid digitization in the healthcare sector due to favorable government initiatives, it is expected to dominate the global 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.

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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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Lexmark
2. Levi
3. Ray & Shoup (LRS)
4. CA Technologies
5. Ricoh
6. Neopost
7. KYOCERA
8. DocuMatrix
9. HP Development Company.
10 Plus Technologies

The output management software is defined as a commercial software that enables organizing, enhancing, dynamically routing, securing, and delivering critical business documents created by enterprise management systems such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Healthcare Management Systems (HMS), and accounting systems. The software helps in capturing and formatting business information for reliable and secure document delivery in hard copy or electronic form. It minimizes unnecessary printing in enterprises by tracking the document printing and access to enable cost reduction and compliance management.

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 market between 2018 and 2024.
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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.

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.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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