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(IT-NEWSWIRE.COM, March 24, 2018 ) Publisher’s market research analyst predicts the global output management software market to grow at a CAGR of close to 3% between 2017 and 2021. The growing requirement to minimize the operational costs in IT departments is a major driving force in the growth of the output management software market. The output management software aids in enhancing the flexibility of the IT department and helping the team to take timely decisions. The IT department can implement decisions speedily, which results in reduced costs and better end-user efficiency. The output management software also makes it convenient to extend the network of the printer with the expansion of the workplaces. The software eliminates the need for additional printing devices and offers services such as pull printing, mobile printing, and auditing functions. It also helps to manage printers from one central location and helps to dispense printing options in the system landscape.
One of the latest trends in the output management software market is the outsourcing of services to the Asian countries. Companies are opting to outsource their output management activities, including the printing process and document management, to Asia. This helps them to focus more on their, such as R&D and product development, rather than spending time and resource on print-related activities. A significant part of outsourcing occurs in operational print activities, such as printing of materials that include memos, brochures, stationary, and manuals. With several printing activities being outsourced, companies can achieve faster time to market, which is the major advantage of outsourcing.
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Competitive landscape and key vendors
The global output management software market is extremely fragmented due to the presence of several vendors in the market. The leading global vendors dominating the market include HP, KYOCERA, LRS, Pitney Bowes, Lexmark, Rochester Software Associates, and Ricoh. Fierce competition prevails in the market where all the players are competing to gain greater market share. To survive the intensely competitive market scenario, it is important for vendors to differentiate their product and service offerings through a clear and unique value proposition. The constant development of innovative products is expected to help the market grow significantly during the forecast period.
Leading vendors in the market are -
HP
KYOCERA
Lexmark
LRS
Pitney Bowes
Ricoh
Rochester Software Associates
Other prominent vendors in the output management software market include Barr Systems, DocuMatrix, Formate, Fuji Xerox, Neopost, Nuance, OpenText, Plus Technologies, and Unisys.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
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