Print Management Software Market
Increasing Concerns About Security Breaches to Fuel Print Management Software Market Growth During Forecast Period
Print management software secures 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. Thus, the rising demand for security is contributing to the growing print management software market size.
Print Management Software Market: Industry Overview
The print management software market is segmented on the basis of deployment, enterprise size, and industry. Based on deployment, the market is segmented into cloud and on-premise. By enterprise size, the market is divided into large enterprises and small & medium enterprises. In terms of industry, the market is categorized into BFSI, IT & telecom, healthcare, retail, and others. The BFSI segment held the largest print management software market share in 2023. In terms of geography, the market is segmented into North America, Europe, APAC, the MEA, and SAM.
The print management software market in the US is expected to be further driven by the growing use of smartphones and tablets. For instance, PaperCut enables easy local printing from iPhones, iPads, Windows, Android, Chromebook, and Mac devices, and users have access to remotely send print commands over the Internet. The US has a strong presence of pioneers involved in developing advanced technologies, owing to which the country has the largest exposure to print management software. Companies in the US are also launching new solutions for print management software. For instance, in January 2024, Toshiba America Business Solutions simplified print management for organizations with the introduction of its Elevate Sky Print Management platform. The technology is the latest addition to Toshiba’s industry-recognized Elevate Sky cloud-based application and services platform. Elevate Sky Print Management enables enterprises to create and enforce print policies while providing control and insight into print costs and user behavior. Thus, considering the above factors, the print management software market is growing in the US. Thus, the US is estimated to hold a significant print management software market share.
Print Management Software Market: Competitive Landscape and Key Developments
AND Technologies, Inc.; Canon Inc.; ePaper Ltd; Tungsten Automation Corporation; PrinterLogic; PaperCut Software International Pty Ltd; Process Fusion; The Hewlett-Packard Company; ThinPrint GmbH; and Xerox Corporation are among the key players profiled in the print management software market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem.
The print management software market report provides detailed market insights, which help the key players strategize their market growth. A few recent developments by the key players, as per company press releases, are mentioned below.
- In July 2022, PaperCut announced that Google has standardized on PaperCut MF to strengthen its internal print infrastructure. The announcement follows the deprecation of Google Cloud Print. This service enables internal and external users to print from any Cloud Print-aware application, on any device in the network cloud to any printer with native support for connecting to cloud print services.
- In December 2023, ThinPrint, one of the leading providers of print management solutions, launched a new solution for high-availability printing. The new ThinPrint LPD Service ensures high-availability printing, including load balancing from ERP, EMR, and CRM systems. ThinPrint, thus, provides an important tool for preventing business-critical outages.
