The global output management software market size reached US$ 53.6 Billion in 2019. 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. Looking forward, the market value is projected to reach US$ 62.7 Billion by 2025, expanding at a CAGR of 2.6% during the forecast period (2020-2025).
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The competitive landscape of the industry has also been examined with some of the key players being CA Technologies, 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.
Key Questions Answered in This Report:
The global output management software market reached to a strong growth in 2019.
As per the IMARC Group estimates, the global output management software market will reach a value of US$ 62.7 Billion by 2025.
The global output management software market is primarily driven such as outsourcing of these solutions and shifting consumer preference toward paperless operations.
Leading output management software manufacturers are CA Technologies, 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.
At present, Output management software market platform type prefer website and mobile application.
The output management software market is anticipated to exhibit a CAGR of 2.6% during 2020-2025.
The market has been analyzed on the basis of the component into solutions and services.
Based on the deployment type, the market has been divided into cloud-based and on-premises.
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