Report : Asia-Pacific Print Management Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and Telecom, Healthcare, Retail, and Other Industries)
At 16.9% CAGR, the Asia Pacific Print Management Software Market is projected to be worth US$ 1,098.78 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific print management software market was valued at US$ 431.55 million in 2022 and is expected to reach US$ 1,098.78 million by 2028, registering a CAGR of 16.9% from 2022 to 2028. Increase in print-on-demand software and rise in adoption of big data solutions are the critical factors attributed to the Asia Pacific print management software market expansion.
Print-on-demand software awareness & adoption continue to rise in the market. This is attributed to the fact that it helps in accurately and efficiently managing & optimizing printing machines and other procedures. Also, print-on-demand software is mainly available as standalone software and embedded functionality in managed print facilities. In addition, tracking, managing, and controlling the entire printer fleet from a single application interface helps businesses save money on printing. Moreover, features such as scanners, desktop printers, and managed copiers further allow for unified control in the print management software. These factors, as a result, are anticipated to create lucrative Asia Pacific print management software market growth opportunities in the upcoming years.
On the contrary, high costs of installation and maintenance, and lack of awareness hurdles the growth of Asia Pacific print management software market.
Based on deployment, the Asia Pacific print management software market is bifurcated into on-premises and cloud. The cloud segment held 70.1% market share in 2022, amassing US$ 302.48 million. It is projected to garner US$ 794.42 million by 2028 to expand at 17.5% CAGR during 2022–2028.
Based on enterprise size, the Asia Pacific print management software market is bifurcated into large enterprises and small and medium enterprises. The large enterprises segment held 67.8% market share in 2022, amassing US$ 292.78 million. It is projected to garner US$ 712.12 million by 2028 to expand at 16.0% CAGR during 2022–2028.
Based on industry, the Asia Pacific print management software market is segmented into BFSI, IT and telecom, healthcare, retail, and other industries. Other industries segment held 36.4% market share in 2022, amassing US$ 157.10 million. It is projected to garner US$ 383.00 million by 2028 to expand at 16.0% CAGR during 2022–2028.
Based on country, the Asia Pacific print management software market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. Our regional analysis states that China captured 31.6% market share in 2022. It was assessed at US$ 136.37 million in 2022 and is likely to hit US$ 356.00 million by 2028, exhibiting a CAGR of 17.3% during the forecast period.
Key players dominating the Asia Pacific print management software market are Canon Inc; ePaper Ltd; HP Development Company, L.P.; Kofax, Inc.; PaperCut Software International Pty Ltd; PrinterLogic; Process Fusion; ThinPrint GmbH; and Xerox Corporation, among others.
- In Feb 2019, UniPrint.net Corp. announced a merger with Process Fusion Inc., the merger would enable the businesses to accelerate their business transformation process.
- In June 2020, Kofax announced a partnership with Microsoft. It will deliver more value to Microsoft Universal Print users by letting them leverage Kofax ControlSuite, the company’s print management, and cognitive capture software solution.
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