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Saudi Arabia Print Management Software Market
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Saudi Arabia Print Management Software Market

Home ICT Saudi Arabia Print Management Software Market

Saudi Arabia Print Management Software Market - By Structure Type (Embedded Software, Stand-alone Software); By Organization Size (SMEs, Large Enterprises); By End User (BFSI, IT & Telecommunication, Healthcare, Retail, Media & Entertainment, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: April 2023
  • Report ID: BWC23310
  • Available Format: PDF
  • Page: 200

Report Overview

Reduced cost of printing and enhanced performance and rising demand for cloud print management are expected to boost the growth of Saudi Arabia print management software market during the forecast period between 2023 and 2029.

Saudi Arabia Print Management Software Market - Industry Trends & Forecast Report, 2029

Saudi Arabia print management software market size was estimated to be worth USD 27.05 million in 2022. During the forecast period between 2023 and 2029, the Saudi Arabia print management software market size is projected to grow at a CAGR of 18% reaching a value of USD 85.67 million by 2029. Major growth factors for the Saudi Arabia print management software market include increasing urbanization and rapid technological advancements along with favorable government policies to boost digitization in the kingdom.

Saudi Arabia Print Management Software Market

Saudi Arabia Print Management Software Market – Overview

Print management software (PMS) is software created for the efficient administration and optimization of print machines and associated operations. It helps with the volume and kind of print materials management. This program controls a wide range of equipment, including high-volume, high-definition printers as well as desktop printers, copiers, and scanners. Embedded functions in print management software allow it to work as an independent program or as a component of managed print services.

Saudi Arabia Print Management Software Market

Growth Drivers

Reduced Cost of Printing and Enhanced Performance

Organizations in Saudi Arabia are significantly investing in print management software to efficiently manage print devices and optimize workflows, which leads to lower overhead, lower costs, and easier network-wide operations. End users also have access to quick and dependable printing from any computer or location with print management solutions. Print management software enables business owners with operations in many locations to better manage their workflow and increase their productivity, which is expected to promote the growth of the market as a whole.

Restraints

High Cost of Maintenance and Installation

The high installation and maintenance cost of print management software may act as a major restraining factor for the growth of the market. The company must purchase additional licenses to use the operating system, card readers, SQL Servers, and applications. If the outdated printers or drivers are incompatible with the new software, they could also need to upgrade a portion of the printer fleet. Server maintenance is time-consuming and expensive, costing $3500 annually, according to IDC. The company would need to spend time and money installing additional software on the printers, which is time-consuming.

Impact of COVID-19 on Saudi Arabia Print Management Software Market

The COVID-19 pandemic significantly affected overall Saudi Arabia’s economy. The operations of major industries including BFSI, IT & telecommunication, retail, media & entertainment, and others were halted during the lockdown while the healthcare was overburdened due to the increasing number of COVID-19 cases. The outbreak negatively impacted the growth of the Saudi Arabia print management software market as the industry registered a shift to remote working which proliferate the growth of online working and lead to a significant decline in the paperwork.

Saudi Arabia Print Management Software Market

Segmental Coverage

Saudi Arabia Print Management Software Market – By Structure Type

Based on structure type, the Saudi Arabia print management software market is divided into embedded software and stand-alone software segments. The stand-alone software segment accounts for a higher market share and is projected to register a higher growth rate during the forecast period as well. The stand-alone software is used in many different sectors and does not require any hardware, operating system, or third-party software to function. There are two types of standalone printing software: on-premises and cloud-based, with cloud-based software becomes increasingly popular in the Saudi Arabia Print Management Software market.

Saudi Arabia Print Management Software Market – By Organization Size

Based on organization size, the Saudi Arabia print management software market is segmented into SMEs and large enterprises. The large enterprise segment holds a higher market share owing to the high cost of this print management software and the high risks of unauthorized data accessibility. However, SMEs are significantly gaining traction and investing in the adoption of print management software to leverage on its benefits and improve their business efficiency.

Saudi Arabia Print Management Software Market Size

Saudi Arabia Print Management Software Market – By End User

Based on end user, the Saudi Arabia print management software market is segmented into BFSI, IT & telecommunication, healthcare, retail, media & entertainment, and others. The BFSI segment accounts for the largest share of the Saudi Arabia print management software market. Print management software may be quite useful for banks or other financial organizations seeking solutions to reduce printing expenses and guarantee the security of printed papers. With print management software, banks can ensure the security of the documents by ensuring that only authorized users have access to them after being identified by PIN codes, employee ID cards, biometrics, etc. They can also set this identification for other processes, such as copying, scanning, and more.

Competitive Landscape

Major players operating in Saudi Arabia Print Management Software market include AND Technologies, Inc., Canon Inc., ePaper Ltd, KOFAX, INC., PrinterLogic, PaperCut Software International Pty Ltd, Process Fusion, The Hewlett-Packard Company, ThinPrint GmbH, and Xerox Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Product/ Service Segmentation

Structure Type, Organization Size, End Use

Key Players

AND Technologies, Inc., Canon Inc., ePaper Ltd, KOFAX, INC., PrinterLogic, PaperCut Software International Pty Ltd, Process Fusion, The Hewlett-Packard Company, ThinPrint GmbH, Xerox Corporation

 

 

By Structure Type

  • Embedded Software

  • Stand-alone Software

By Organization Size

  • SMEs

  • Large Enterprises

By End User

  • BFSI

  • IT & Telecommunication

  • Healthcare

  • Retail

  • Media & Entertainment

  • Others

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Print Management Software Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Reduced Cost of Printing and Enhanced Performance
        2. Rising Demand for Cloud Print Management
      2. Restraints
        1. High Cost of Maintenance and Installation
      3. Opportunities
        1. Growing Initiatives to Reduce Paper Wastage at Workplaces
      4. Challenges
        1. Lack of Software Expertise
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Print Management Software Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Structure Type
        1. Embedded Software
        2. Stand-alone Software
      2. By Organization Size
        1. SMEs
        2. Large Enterprises
      3. By End User
        1. BFSI
        2. IT & Telecommunication
        3. Healthcare
        4. Retail
        5. Media & Entertainment
        6. Others
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Print Management Software Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Saudi Arabia Print Management Software Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. AND Technologies, Inc.
    2. Canon Inc.
    3. ePaper Ltd
    4. KOFAX, INC.
    5. PrinterLogic
    6. PaperCut Software International Pty Ltd
    7. Process Fusion
    8. The Hewlett-Packard Company
    9. ThinPrint GmbH
    10. Xerox Corporation
    11. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Saudi Arabia Print Management Software Segmentation

Figure 2       Saudi Arabia Print Management Software Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Saudi Arabia Print Management Software Market Size, By Value (USD Billion), 2019–2029

Figure 5       Saudi Arabia Print Management Software Market Share, By Structure Type, By Value, 2019–2029

Figure 6       Saudi Arabia Print Management Software Market Share, By Organization Sizes, By Value, 2019–2029

Figure 7       Saudi Arabia Print Management Software Market Share, By End User, By Value, 2019–2029

 

List of Tables

 

Table 1        Saudi Arabia Print Management Software Market Size, By Value (USD Billion), 2019–2029

Table 2        Saudi Arabia Print Management Software Market Share, By Structure Type, By Value, 2019–2029

Table 3        Saudi Arabia Print Management Software Market Share, By Organization Sizes, By Value, 2019–2029

Table 4        Saudi Arabia Print Management Software Market Share, By End User, By Value, 2019–2029

Table 5        AND Technologies, Inc. Company Overview

Table 6        AND Technologies, Inc. Financial Overview

Table 7        Canon Inc. Company Overview

Table 8        Canon Inc. Financial Overview

Table 9        ePaper Ltd Company Overview

Table 10      ePaper Ltd Financial Overview

Table 11      KOFAX, INC. Company Overview

Table 12      KOFAX, INC. Financial Overview

Table 13      PrinterLogic Company Overview

Table 14      PrinterLogic Financial Overview

Table 15      PaperCut Software International Pty Ltd Company Overview

Table 16      PaperCut Software International Pty Ltd Financial Overview

Table 17      Process Fusion Company Overview

Table 18      Process Fusion Financial Overview

Table 19      The Hewlett-Packard Company: Company Overview

Table 20      The Hewlett-Packard Company Financial Overview

Table 21      ThinPrint GmbH Company Overview

Table 22      ThinPrint GmbH Financial Overview

Table 23      Xerox Corporation Company Overview

Table 24      Xerox Corporation Financial Overview

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia Print Management Software Market size was estimated at USD 27.05 million in 2022.
Ans: Saudi Arabia Print Management Software market is expected to grow at a CAGR of 18% during the forecast period between 2023 and 2029.
Ans: The BFSI segment held the highest market share in the Saudi Arabia Print Management Software Market by end user.
Ans: Major factors driving the growth of Saudi Arabia Print Management Software Market include reduced cost of printing and enhanced performance and rising demand for cloud print management.
Ans: Key players in Saudi Arabia Print Management Software Market include AND Technologies, Inc., Canon Inc., ePaper Ltd, KOFAX, INC., PrinterLogic, PaperCut Software International Pty Ltd, Process Fusion, The Hewlett-Packard Company, ThinPrint GmbH, and Xerox Corporation.