|By Business Wire||
|October 18, 2013 12:04 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/8c5m6d/global) has announced the addition of the "Global Intelligent Print Management Market 2012-2016" report to their offering.
The analysts forecast the Global Intelligent Print Management market to grow at a CAGR of 6.70 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for significant cost reduction. The Global Intelligent Print Management market has also been witnessing the increasing adoption of cloud and mobile printing. However, the increasing security concerns regarding misuse of critical data could pose a challenge to the growth of this market.
The key vendors dominating this market space are R.R Donnelley, Hewlett-Packard Co. (HP), Nuance Communications Inc., and Xerox Corp.
Other vendors mentioned in the report are Lexmark International Corp, Pharos System International and Capella Technologies.
Commenting on the report, an analyst from the team said: The rising concern over energy and its judicious use has prompted governments and corporations worldwide to increase their investments in green IT initiatives during the forecast period. In the present scenario, organizations are faced with critical issues such as expanding carbon footprints, increasing energy bills, and other environmental and safety concerns. Hence, they are adopting green initiatives as a means of reducing their carbon footprint and thereby reducing costs. Also, there has been increasing pressure on businesses by a number of different governments to cut their carbon emissions and meet carbon reduction targets. IPM solutions help enterprises to reduce paper waste and thereby reduce their carbon footprint. Hence, SMEs and large corporations have started to invest in and adopt intelligent printing solutions and this trend is likely to continue in the coming years.
According to the report, one of the major drivers in this market is the need for significant cost reduction among organizations. Currently, there is growing demand for automated business processes that permit flexibility in response to changing business conditions. The changing demands and market environment have put considerable pressure on organizations to reduce costs incurred by infrastructure resources, including printing costs. To respond to the constantly changing technological environment, it is important for organizations to adopt new technologies such as IPM solutions.
For more information visit http://www.researchandmarkets.com/research/8c5m6d/global
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