NEW YORK, Feb. 8, 2024 /PRNewswire/ — The output management software market size is expected to grow by USD 14.74 billion from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of almost 4.22% during forecast period, according to Technavio. Increased use of output management software solutions in healthcare industry is notably driving the output management software market.
Technavio has announced its latest market research report titled Global Output Management Software Market 2024-2028
However, factors such as growing concerns over data security may impede market growth. The market is segmented by End-user (BFSI, Healthcare, Manufacturing, and Education and others), Deployment (Cloud and On-premises), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). We provide a detailed analysis of 20 companies operating in the output management software market incluidng Broadcom Inc., CSG Systems International Inc., DOCPATH DOCUMENT SOLUTIONS SL, HP Inc., ISIS Papyrus Europe AG, kuhn and weyh Software GmbH, Kyocera Corp., LBM Systems LLC, LEVI RAY AND SHOUP INC., Lexmark International Inc., Open Text Corp., Pitney Bowes Inc., Plus Technologies LLC, Ricoh Co. Ltd., Rochester Software Associates Inc., SEAL Systems AG, Stargel Office Solutions, Symtrax, UNICOM Global, and QUADIENT.
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Output Management Software Market 2024-2028: Company Analysis
DOCPATH DOCUMENT SOLUTIONS SL: The company offers an output dynamic solution that is designed to merge multiple files in one single process by sorting them in terms of number of pages and zip codes.
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Output Management Software Market 2024-2028: Segmentation
End-user
The BFSI segment will be significant during the forecast period. Secure handling of documents, compliance with industry regulations, and adherence to data protection standards are ensured by output management software. Furthermore, by deploying output management software, BFSI can also attain a better green footprint through a reduction in paper consumption. Furthermore, factors including increasing focus on document security, compliance requirements, ongoing digital transformation, the need for efficient document workflows, personalized customer communication, and cost reduction measures will further fuel the demand for output management software in the BFSI industry.
Geography
APAC will contribute 36% to the growth of the global market during the forecast period. North America also offers significant growth opportunities to market players. The US is the major contributing country to this regional market growth. The banking sector in the US is highly diverse and is a major contributor to the insurance sector as well. Additionally, most of the reinsurance sold worldwide was bought by US firms.
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Output Management Software Market 2024-2028: Key Highlights
Historic Market Size 2018-2022
CAGR of the market during 2024-2028
Detailed information on factors that will assist output management software market growth during the next five years
Estimation of the output management software market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the output management software market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of output management software market companies
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio