Europe Print Management Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and Telecom, Healthcare,

Europe Print Management Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small and Medium Enterprises), and Industry (BFSI, IT and Telecom, Healthcare, Retail, and Other Industries)

The Europe print management software market is expected to grow from US$ 600.30 million in 2022 to US$ 1,430.75 million by 2028. It is estimated to grow at a CAGR of 15.6% from 2022 to 2028.

Reduced Cost of Printing and Enhanced Performance is Accentuating Europe Print Management Software Market Growth

The print management software helps to find out true cost per-page, discover the actual cost of ownership for each printer, error and history reports deliver valuable information to improve fleet management, optimize fleet for improved workflows, easy-to-use web interfaces provide visibility to help staff members and its teams do their jobs more efficiently, and free up IT staff to focus on core business objectives and training. For example, Equitrac is a print tracking and cost recovery software solution that can be integrated with multifunctional printers such as HP, Sharp, Canon, and Konica Minolta. It can help an organization reduce waste, recover costs, increase security, and simplify IT support once implemented. Equitrac reduces overhead costs by automatically capturing, tracking, and allocating every print job, it increases productivity by streamlining operations, increases document security, and minimizes print waste and toner consumption. Print management software also improves the performance of different companies through different abilities such as maintaining control over paper consumption, using effective power products, and syncing printer fleet. So, reduced cost of printing and enhanced performance is expected to drive the Europe print management software market growth.

Europe Print Management Software Market Overview

Germany, France, the UK, and Italy are among the prime contributors to the Europe print management software market. Western Europe is renowned for its improved living conditions, with higher income levels among residents. The countries in this region have more GDP per capita than the rest of the countries. Steady economic progress is a good indicator of opportunities for software developers in European countries. The European Commission aims at boosting the Europe 2020 strategy with seven flagship initiatives. One of these is the “Innovation Union,” which promotes the smart growth of technologies. The primary objective is to improve the EU's framework for research and innovation. The European services market, which includes software developers, is growing, and most European economies are performing well. Amid the high adoption of technologies, the shortage of software developers makes firms more open to outsourcing their software development processes. Capital invested in the technology landscape in Europe has grown 10 times the level of 2015 and three times the level of 2020, with investments touching the mark of US$ 100 billion in 2021. The increasing number of startups, such as ePaper Ltd and TouchTec, offering graphic printing services is expected to drive market growth in this region during the forecast period.

Europe Print Management Software Market Revenue and Forecast to 2028 (US$ Million)

Europe Print Management Software Market Segmentation

The Europe print management software market is segmented based on deployment, enterprise size, industry, and country.

Based on deployment, the Europe print management software market is bifurcated into on-premises and cloud. The cloud segment held a larger market share in 2022.

Based on enterprise size, the Europe print management software market is bifurcated into large enterprises and small and medium enterprises. The large enterprises segment held a larger market share in 2022.

Based on industry, the Europe print management software market is segmented into BFSI, IT and telecom, healthcare, retail, and other industries. Other industries segment held the largest market share in 2022.

Based on country, the Europe print management software market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK dominated the market share in 2022.

Canon Inc; ePaper Ltd; HP Development Company, L.P.; Kofax, Inc.; PaperCut Software International Pty Ltd; PrinterLogic; Process Fusion; ThinPrint GmbH; and Xerox Corporation are the leading companies operating in the Europe print management software market.

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