According to the latest report by IMARC Group, titled “Output Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on output management software market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global output management software market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 2.2% during 2023-2028.
Output management software (OMS) represents an application-based tool that is used by organizations to automate and centralize documents. It assists in improving regulatory compliance, enhancing the performance and stability of IT systems, minimizing the paperwork, etc. Furthermore, the output from applications, such as enterprise resource planning (ERP) can be forwarded to a printer or a web-based document processor at any desired destination. In line with this, OMS offers efficiency in administrative tasks by integrating workflow management systems. Consequently, it is extensively utilized in numerous industries, including healthcare, education, banking, financial services and insurance (BFSI), etc.
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Market Trends:
The emerging trend of automation is primarily driving the output management software market. Additionally, the widespread adoption of OMS that makes it convenient for organizations to expand the network of their printing tools for producing, managing, and distributing the business output information across various locations is further catalyzing the market growth. Besides this, the growing utilization of output management software in healthcare centers to help clinicians in gaining easy access to large amounts of data and ensure the seamless delivery of system-generated documents to patients is acting as another significant growth-inducing factor. Moreover, outsourcing of these solutions and the rising investments in R&D activities are also augmenting the global market. Apart from this, the escalating demand for paperless operations is anticipated to fuel the output management software market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Broadcom Inc.
- DocPath Corporation
- HP Development Company
- Kyocera Corporation
- LBM Systems
- Levi Ray & Shoup Inc.
- Lexmark International
- Quadient
- Plus Technologies LLC
- Ricoh Company
- Rochester Software Associates Inc
Output Management Software Market Segmentation:
Our report has categorized the market based on region, component, deployment type, organization size and vertical.
Breakup by Component:
- Solutions
- Services
Breakup by Deployment Type:
- Cloud-based
- On-premises
Breakup by Organization Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Vertical:
- BFSI
- Manufacturing
- Healthcare
- Education
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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