Global Cloud Printing Services Market: Introduction
Cloud printing services enable users to print from any device on a network. Generally, cloud printing services are used in enterprises which use a local area network. Local area networks enable users to give the command within the network from any of the LAN connected devices.
Cloud printing connects digital devices such as laptops, smartphones, tablets, and workstations with printer stations. It has eliminated challenges such as software driver problems, compatibility issues, and device connectivity problems which were faced by traditional printing.
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Global Cloud Printing Services Market - Dynamics
Reduction in Cost
Cloud printing services have drastically reduced operational expenditure of companies. Cloud printing allows companies to meet print-on-demand needs which lowers the printing cost and eliminates the need to buy, deploy, and manage hardware and software. Cloud printing services save time by quickly finding a printer and printing from one’s own device without the need to set up driver installations.
Increase in Flexibility
Cloud printing services also increase flexibility within enterprises. The increase in flexibility has led to increased adoption of cloud printing services specifically in small & medium size enterprises.
Strong Internet & Network Connection Requirement Hampering Growth of the Cloud Printing Services Market
Cloud printing services extensively depend on the internet for its functioning. High speed internet connection such as LAN and WAN is needed. Many countries across the globe face network as well as internet connection issues due to inadequate network infrastructure. Weak network infrastructure specifically in developing nations of Asia Pacific could hamper the growth of the market.
North America Expected to Dominate the Global Cloud Printing Services Market
In terms of region, the global cloud printing services market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the cloud printing services market during the forecast period due to significant adoption of advanced technology specifically in small & m medium size enterprises in North America compared to other regions.
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Global Cloud Printing Services Market - Competitive Landscape
- In November 2019, Google announced the shutting down of its Cloud Print feature in 2020.
- In May 2019, a new approach to enterprise print with cloud print Infrastructure as a Service was launched by Lexmark. It is a complete as-a-service solution that utilizes IoT and cloud technologies.
Established in 2000, PrinterOn Inc. provides wireless printing solutions to multiple industries. The company provides enterprise cloud printing, public location cloud printing, private cloud printing, third party cloud printing, and cloud ready printer.
Plus Technologies LLC
Established in 1994, Plus Technologies LLC is a developer of enterprise level document and output management software. The company provides OM Plus on tens of thousands of servers, delivering print to over a million printers. The company holds expertise in customized and non-customized suite for printing.
Global Cloud Printing Services Market: Segmentation
The global cloud printing services market can be segmented based on:
- Enterprise Size
Global Cloud Printing Services Market, by Enterprise Size
Based on enterprise size, the global cloud printing services market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Cloud Printing Services Market, by Industry
Based on industry, the global cloud printing services market can be segregated into:
- Banking, Financial Services and Insurance (BFSI)
- Retail & E-commerce
- Media & Entertainment
- Food & Beverages
- IT & ITES
- Others (Aerospace, Transportation)
Regional analysis of the global cloud printing services market:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.