Overview and Scope
Output management software is a type of software that controls and optimizes the flow of documents and information from multiple systems within an organization. This software efficiently handles the creation, distribution, storage, and retrieval of documents and data across several platforms and devices.
Sizing and Forecast
The output management software market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to technological advancements, increased demand for efficiency, regulatory compliance requirements, globalization of businesses, growth in adoption of cloud computing.
The output management software market size is expected to see strong growth in the next few years. It will grow to $11.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to digital transformation, cloud adoption, remote work trends, increasing data volumes, demand for document security. Major trends in the forecast period include cloud integration, mobile optimization, AI-driven automation, enhanced security features, scalability for SMEs.
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Segmentation & Regional Insights
The output management software market covered in this report is segmented –
1) By Type: Enterprise Output Management, Healthcare Output Management, Payment And Billing Management
2) By Deployment Type: Cloud-Based, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Manufacturing, Healthcare, Education, Other Verticals
North America was the largest region in the output management software market in 2023. The regions covered in the output management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising focus on digital transformation is expected to propel the output management software market going forward. Digital transformation involves integrating digital technologies into business operations to revolutionize how organizations operate and serve customers. The rising focus on digital transformation is due to technological changes, boosted efficiency, and meeting evolving customer demands. Output management software digitizes document workflows, enabling seamless integration with digital systems, mobile devices, and online platforms, supporting digital transformation efforts. For instance, in June 2023, according to a report published by Skift, a US-based travel industry intelligence platform company, in partnership with Amazon Web Services, Inc., a US-based cloud computing company, over 80 % of executives increased their digital transformation budgets compared to 2022. Further, approximately one-third (31%) indicated that their budget had increased by more than 5% year over year. Therefore, a rising focus on digital transformation will drive the growth of the output management software market.
Key Industry Players
Major companies operating in the output management software market are HP Development Company, Broadcom Inc., Canon Solutions America, The Ricoh Company Ltd., Kyocera Corporation, Konica Minolta Business Solutions, Xerox Corporation, Fujifilm Business Innovation Corporation, Lexmark International Inc., Pitney Bowes Inc., Open Text Corporation, Unisys Corporation, Nuance Communications, Quadient, Levi Ray & Shoup Inc., BCC Software, Docpath Corporation, Stargel Office Solutions, Barr Systems LLC, Solimar Systems Inc., UNICOM Global, Rochester Software Associates Inc., Symtrax Corporation, DocuMatrix, Plus Technologies LLC, SEAL Systems AG
The output management software market report table of contents includes:
1. Executive Summary
2. Output Management Software Market Characteristics
3. Output Management Software Market Trends And Strategies
4. Output Management Software Market – Macro Economic Scenario
5. Global Output Management Software Market Size and Growth
…..
32. Global Output Management Software Market Competitive Benchmarking
33. Global Output Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Output Management Software Market
35. Output Management Software Market Future Outlook and Potential Analysis
36. Appendix
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