At 18.0% CAGR, North America Print Management Software Market is Projected to be Worth US$ 3,450.14 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the North America print management software market was valued at US$ 917.97 million in 2023 and is projected to reach US$ 3,450.14 million by 2031, registering a CAGR of 18.0% from 2023 to 2031. Growing focus on reducing overhead printing costs and rise in adoption of big data and AI solutions are among the critical factors attributed to drive the North America print management software market growth.

Big Data and AI are likely to play vital roles in the printing industry in the coming years. Printing businesses have started to enable automation and Big Data analytics to obtain data-driven insights to bring improvements in the production processes. A printing business can create a process to find available data-centering print workflow with the aid of Big Data analytics. AI capabilities can also result in profitable print management systems.

Companies using Big Data solutions are increasingly adopting print management software to streamline their operations, reduce costs, and increase workplace productivity. The software enables users to create digital files by scanning documents, thus enabling companies to control, manage, and access their most important documents better. Print management software also allows better collaboration among different departments within the organization for analytical purposes. The software allows companies to sort and organize essential documents more efficiently by using optical character recognition. They also provide enhanced security features to help protect valuable information from network breaches. Thus, the increasing adoption of Big Data solutions is expected to be one of the significant trends in the print management market.

On the contrary, lack of awareness in SMEs hampers the growth of the North America print management software market.

Based on deployment, the North America print management software market is segmented into cloud and on-premise. The cloud segment held 73.4% market share in 2023, amassing US$ 674.22 million. It is projected to garner US$ 2,840.69 million by 2031 to register 19.7% CAGR during 2023–2031.

Based on enterprise size, the North America print management software market is segmented into large enterprises and small & medium enterprises. The large enterprises segment held 66.9% market share in 2023, amassing US$ 614.11 million. It is projected to garner US$ 2,119.90 million by 2031 to register 16.8% CAGR during 2023–2031.

Based on industry, the North America print management software market is segmented into BFSI, healthcare, IT & telecom, retail, and other industries. The other industries segment held 34.1% market share in 2023, amassing US$ 312.81 million. It is projected to garner US$ 1,155.72 million by 2031 to register 17.7% CAGR during 2023–2031.

Based on country, the North America print management software market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.0% share of North America print management software market in 2023. It was assessed at US$ 715.74 million in 2023 and is likely to hit US$ 2,724.53 million by 2031, registering a CAGR of 18.2% during 2023–2031.

Key players operating in the North America print management software market are A.N.D Technologies, Inc.; 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 February 2024, Xerox Holdings Corporation announced a collection of new solutions and services designed to accelerate digital transformation, productivity, and security in the hybrid workplace while saving time and reducing IT hassles. This includes a surge of print, document management, and workflow automation innovations designed for hybrid workers.  
• In May 2023, ThinPrint, one of the leading providers of print management solutions, launched ThinPrint 13, the latest version of its ThinPrint Engine solution, the company's on-premise and private cloud print management software for remote and virtual desktop environments.

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