According to the new research report, titled “Print Management Software Market Forecast to 2027– COVID19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 5,282.2 million by 2027, registering a CAGR of 18.8% during 2020–2027.
Print management software protect confidential documents as they ask for user authentication before publication, ensuring that sensitive documents can be printed and collected only by authorized users. These software can also be configured to require print approval—making sure that managers, teachers, or system administrators authorize it. In companies, several employees’handles sensitive data such as salary information, personal details, and other data related to company, which exposes the company to the data privacy concerns. The print management software address data privacy concerns by monitoring the printing process. The print management softwareprevents premature release of sensitive documents into print trays to keep the company's information safe.
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Impact of COVID-19 Pandemic on Print Management Software Market
According to the World Health Organization (WHO), the US, Turkey, Brazil, Spain, Germany, Italy, France, UK, Russia, Iran, and China are some of the worst affected countries due to the COVID-19 outbreak. As of 11th August 2020, around ~20,281,373 confirmed COVID-19 cases globally, with ~ 739,770 total deaths, and the number is growing at varying rates in different countries. The COVID-19 pandemic is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in the year 2020 and likely in 2021 also. The outbreak has created significant disruptions in various industries, such as logistics, retail, and e-commerce.
The print management software market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors and achieve a significant position in print management software market.
In 2019, UniPrint.net Corp. announced a merger with Process Fusion Inc. The merger would enable the businesses to accelerate their business transformation process.
In 2019, DMC Canotec announced the acquisition of United Carlton, a customer-centric reseller of managed print services
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