Report : Asia Pacific Print Management Software Market Forecast to 2031 – Regional Analysis – by Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and Industry (BFSI, Healthcare, IT & Telecom, Retail, and Other Industries)
At 19.6% CAGR, Asia Pacific Print Management Software Market is Projected to be Worth US$ 2,295.90 Million by 2031, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific print management software market was valued at US$ 549.33 million in 2023 and is projected to reach US$ 2,295.90 million by 2031, registering a CAGR of 19.6% from 2023 to 2031. Increasing concerns about security breaches and sustainability and eco-friendly printing are among the critical factors attributed to drive the Asia Pacific print management software market growth.
Security breach is a major concern associated with printing tasks. Print management software protects confidential documents by mandating user authentication to ensure that sensitive documents are printed and collected only by authorized users. Therefore, the software is configured for approval workflow functionality authorized by managers, teachers, or system administrators. The print management software addresses vulnerabilities associated with confidential correspondence with the capability to facilitate secure print release. It ensures the secure print release of sensitive documents via a hold-and-release queue for printing to keep the information safe.
Advanced encryption capabilities provided by print management software also ensure that data transmitted between devices and printers remains secure. Encryption prevents interception and unauthorized access to print jobs, safeguarding sensitive information from potential threats. Additionally, print management solutions incorporate digital light processing (DLP) features to prevent the unauthorized printing or distribution of confidential documents. By monitoring and blocking the printing of sensitive information, organizations can mitigate the risk of data leaks and intellectual property theft. Thus, the emphasis on improving security and data management is driving the adoption of print management software as organizations seek comprehensive solutions to protect sensitive information and mitigate security risks. Thus, the demand for print management software with robust security features is expected to grow significantly in the coming years.
On the contrary, lack of awareness in SMEs hampers the growth of the Asia Pacific print management software market.
Based on deployment, the Asia Pacific print management software market is bifurcated into cloud and on-premise. The cloud segment held 78.2% market share in 2023, amassing US$ 429.77 million. It is projected to garner US$ 1,962.25 million by 2031 to register 20.9% CAGR during 2023–2031.
Based on enterprise size, the Asia Pacific print management software market is bifurcated into large enterprises and small & medium enterprises. The large enterprises segment held 69.6% market share in 2023, amassing US$ 382.55 million. It is projected to garner US$ 1,480.79 million by 2031 to register 18.4% CAGR during 2023–2031.
Based on industry, the Asia Pacific print management software market is segmented into BFSI, healthcare, IT & telecom, retail, and other industries. The other industries segment held 36.7% market share in 2023, amassing US$ 201.40 million. It is projected to garner US$ 821.20 million by 2031 to register 19.2% CAGR during 2023–2031.
Based on country, the Asia Pacific print management software market is categorized into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.7% share of Asia Pacific print management software market in 2023. It was assessed at US$ 174.33 million in 2023 and is likely to hit US$ 782.35 million by 2031, registering a CAGR of 20.6% during 2023–2031.
Key players operating in the Asia Pacific print management software market are Canon Inc; ePaper Ltd; HP Inc; PaperCut Software International Pty Ltd; PrinterLogic; Process Fusion; ThinPrint GmbH; Tungsten Automation Corporation; and Xerox Holdings Corp, among others.
- In January 2024, Printix has been awarded the prestigious title of "Cloud Print Management Solution of the Year" at this year's PrintIT Awards. Tungsten cloud print management solution Printix, has set the standard in this rapidly evolving field. By improving the efficiency of on-premise print infrastructure, Printix helps businesses of all sizes to streamline their printing processes, reduce costs, and increase overall productivity.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com