Press release
Output Management Software Market 2024-2033: Size, Share & Competitive Landscape
The output management software market size is expected to see strong growth in the next few years. It will grow to $11.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to digital transformation, cloud adoption, remote work trends, increasing data volumes, demand for document security. Major trends in the forecast period include cloud integration, mobile optimization, AI-driven automation, enhanced security features, scalability for SMEs.
Market Overview -
Output management software is a type of software that controls and optimizes the flow of documents and information from multiple systems within an organization. This software efficiently handles the creation, distribution, storage, and retrieval of documents and data across several platforms and devices.
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Output Management Software In The Era Of Digital Transformation
The rising focus on digital transformation is expected to propel the output management software market going forward. Digital transformation involves integrating digital technologies into business operations to revolutionize how organizations operate and serve customers. The rising focus on digital transformation is due to technological changes, boosted efficiency, and meeting evolving customer demands. Output management software digitizes document workflows, enabling seamless integration with digital systems, mobile devices, and online platforms, supporting digital transformation efforts. For instance, in June 2023, according to a report published by Skift, a US-based travel industry intelligence platform company, in partnership with Amazon Web Services, Inc., a US-based cloud computing company, over 80 % of executives increased their digital transformation budgets compared to 2022. Further, approximately one-third (31%) indicated that their budget had increased by more than 5% year over year. Therefore, a rising focus on digital transformation will drive the growth of the output management software market.
Competitive Landscape -
Major companies operating in the output management software market are HP Development Company, Broadcom Inc., Canon Solutions America, The Ricoh Company Ltd., Kyocera Corporation, Konica Minolta Business Solutions, Xerox Corporation, Fujifilm Business Innovation Corporation, Lexmark International Inc., Pitney Bowes Inc., Open Text Corporation, Unisys Corporation, Nuance Communications, Quadient, Levi Ray & Shoup Inc., BCC Software, Docpath Corporation, Stargel Office Solutions, Barr Systems LLC, Solimar Systems Inc., UNICOM Global, Rochester Software Associates Inc., Symtrax Corporation, DocuMatrix, Plus Technologies LLC, SEAL Systems AG
Evolution Of Production Print Workflow Software In The Output Management Market
Major companies operating in the output management software market are focused on the continual evolution and enhancement of production print workflow software such as QDirect to meet the evolving needs of businesses for streamlined and efficient document management and printing processes. QDirect is a print output management and workflow software solution that streamlines the end-to-end workflow, from job submission and prepress preparation to printing, finishing, and delivery. For instance, in October 2022, Rochester Software Associates, a US-based provider of software solutions for the print and graphics industry, launched a new version of QDirect with significant advancements, including improved mailing insertion, increased accuracy, and better print-job tracking capabilities. The QDirect is designed to enhance customer communication management (CCM) operations, providing digital print providers with more efficient and streamlined processes for managing print jobs and ensuring higher accuracy in document handling and tracking.
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Key Segments -
The output management software market covered in this report is segmented -
1) By Type: Enterprise Output Management, Healthcare Output Management, Payment And Billing Management
2) By Deployment Type: Cloud-Based, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Manufacturing, Healthcare, Education, Other Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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