Output Management Software Market Report by Component (Solutions, Services), Deployment Type (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium Enterprises), Vertical (BFSI, Manufacturing, Healthcare, Education, and Others), and Region 2023-2028
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) is an application-based tool that is used by organizations to automate and centralize document management. It links software applications to digital channels, such as emails and portals, to minimize the paperwork and needless printing of documents. The output from applications, such as customer relationship management (CRM) and enterprise resource planning (ERP) can be forwarded to a printer or a web-based document processor at any desired destination. OMS aids in enhancing the efficiency of administrative tasks by integrating workflow management systems, owing to which it finds extensive applications across various industries, including healthcare, education, banking, financial services and insurance (BFSI) and information technology (IT).
The growing information technology (IT) industry, along with the emerging trend of automation across the globe, represent as the key factors driving the growth of the market. The OMS 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. This eliminates the requirement for additional printing devices across multiple organizational departments, thereby enhancing the cost-efficiency and productivity of the organization. Furthermore, increasing product adoption in the healthcare sector is also providing a boost to the market growth. OMS solutions are employed in various healthcare centers to assist clinicians in gaining convenient access to large amounts of data and ensure the seamless delivery of system-generated documents to the patients. Other factors, such as outsourcing of these solutions and shifting consumer preference toward paperless operations, are also projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global output management software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, organization size and vertical.
Breakup by Component:
Breakup by Deployment Type:
Breakup by Organization Size:
Small and Medium Enterprises
Breakup by Vertical:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being 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., etc.
Base Year of the Analysis
Component, Deployment Type, Organization Size, Vertical, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Broadcom Inc., DocPath Corporation, HP Development Company, Kyocera Corporation, LBM Systems, Levi Ray & Shoup Inc., Lexmark International, Quadient, Plus Technologies LLC, Ricoh Company and Rochester Software Associates Inc.
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Key Questions Answered in This Report
The global output management software market was valued at US$ 9.9 Billion in 2022.
We expect the global output management software market to exhibit a CAGR of 2.2% during 2023-2028.
The rising applications of output management software across numerous organizations to automate and centralize document management, along with the emerging outsourcing trend, are primarily driving the global output management software market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of output
management software in various healthcare centers to aid in gaining convenient access to large
amounts of data and ensure seamless delivery of system-generated documents to the patients.
Based on the component, the global output management software market has been segmented into solutions and services. Currently, solutions represent the largest market share.
Based on the vertical, the global output management software market can be bifurcated into BFSI, manufacturing, healthcare, education, and others. Among these, the manufacturing sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global output management software market 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., etc.
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