Global Output Management Software Market 2020-2024: Production, Sales, Supply, Demand, Analysis & Forecast | Technavio

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The output management software market is expected to grow by USD 7.10 billion, progressing at a CAGR of almost 3% during the forecast period.

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The increased use in healthcare industry is one of the major factors propelling market growth. However, factors such as growing concerns over data security will hamper the market growth.

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Output Management Software Market: End-user Landscape

Output management software is used for document scanning and management, optical character recognition (OCR), and forms processing solutions in the BFSI sector. The software helps to achieve better security, reduction in cost, and improved traceability. BFSI can also attain a better green footprint through a reduction in paper consumption. These advantages are expected to boost the adoption of output management software in the BFSI sector.

Output Management Software Market: Geographic Landscape

APAC will offer several growth opportunities to market vendors during the forecast period. Growth in the BFSI sector, the increasing use of output management software to digitize the workflow and to abide by the required regulatory compliances, and the rising number of SMEs that are employing output management systems will significantly drive output management software market growth in this region over the forecast period. 39% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for output management software in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • Broadcom Inc.

  • Hewlett Packard Enterprise Co.

  • Kofax Inc.

  • KYOCERA Corp.

  • Levi, Ray & Shoup Inc.

  • Lexmark International Inc.

  • Open Text Corp.

  • Pitney Bowes Inc.

  • Ricoh Co. Ltd.

  • Rochester Software Associates Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End-user

  • BFSI sector - Market size and forecast 2019-2024

  • Healthcare sector - Market size and forecast 2019-2024

  • Manufacturing sector - Market size and forecast 2019-2024

  • Other sectors - Market size and forecast 2019-2024

  • Market opportunity by End-user

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Broadcom Inc.

  • Hewlett Packard Enterprise Co.

  • Kofax Inc.

  • KYOCERA Corp.

  • Lexmark International Inc.

  • Open Text Corp.

  • Pitney Bowes Inc.

  • Ricoh Co. Ltd.

  • Rochester Software Associates Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005614/en/

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