At 18.7% CAGR, Europe Print Management Software Market is Projected to be Worth US$ 2,986.13 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe print management software market was valued at US$ 755.40 million in 2023 and is projected to reach US$ 2,986.13 million by 2031, registering a CAGR of 18.7% from 2023 to 2031. Growing focus on reducing overhead printing costs and sustainability and eco-friendly printing are among the critical factors attributed to drive the Europe print management software market growth.

Print management is crucial for businesses to reduce paper waste and safeguard the environment. Sustainability is expected to have a significant impact on profit centers, stakeholder management, and market share by 2024, according to Printerlogic. As sustainability gains importance, print management software will integrate more features to support environmentally responsible printing. The features may include:

• Eco-mode printing: Introducing new settings for reducing energy consumption.

• Carbon footprint tracking: Tools that allow organizations to measure and reduce their carbon footprint.

• Paperless initiatives: Integrating with document management systems to promote paperless workflows.

Organizations are increasingly implementing various green initiatives to ensure cost savings and reduce the environmental impact of their operations. As part of these initiatives, many organizations have begun working toward reducing the unnecessary use of paper in work environments as a simple, straightforward, and efficient way to achieve more far-reaching sustainability objectives and goals. Thus, initiatives of organizations toward sustainability and eco-friendly printing hold a great opportunity for the print management software market.

On the contrary, lack of awareness in SMEs hampers the growth of the Europe print management software market.

Based on deployment, the Europe print management software market is segmented into cloud and on-premise. The cloud segment held 77.3% market share in 2023, amassing US$ 583.68 million. It is projected to garner US$ 2,532.68 million by 2031 to register 20.1% CAGR during 2023–2031.

Based on enterprise size, the Europe print management software market is segmented into large enterprises and small & medium enterprises. The large enterprises segment held 68.9% market share in 2023, amassing US$ 520.36 million. It is projected to garner US$ 1,899.49 million by 2031 to register 17.6% CAGR during 2023–2031.

Based on industry, the Europe print management software market is segmented into BFSI, healthcare, IT & telecom, retail, and other industries. The other industries segment held 36.0% market share in 2023, amassing US$ 271.90 million. It is projected to garner US$ 1,024.19 million by 2031 to register 18.0% CAGR during 2023–2031.

Based on country, the Europe print management software market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 25.9% share of Europe print management software market in 2023. It was assessed at US$ 195.86 million in 2023 and is likely to hit US$ 830.28 million by 2031, registering a CAGR of 19.8% during 2023–2031.

Key players operating in the Europe print management software market are Canon Inc; ePaper Ltd; HP Inc; PaperCut Software International Pty Ltd; PrinterLogic; Process Fusion; ThinPrint GmbH; Tungsten Automation Corporation; and Xerox Holdings Corp, among others.

• In December 2023, ThinPrint, one of the leading providers of print management solutions, launched a new solution for high-availability printing. The new ThinPrint LPD Service ensures high-availability printing, including load balancing from ERP, EMR, and CRM systems. ThinPrint thus provides an important tool for preventing business-critical outages. 

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