European Market for Document Solutions Set to Reach $2.5 Billion by 2015, Driven by Need for Productivity and Cost Savings, Says IDC
LONDON, December 6, 2011 — The European market for document solutions is expected to grow to $2.5 billion by 2015, fuelled by the need for productivity and cost savings, according to a new study from International Data Corporation (IDC).
In this uncertain economic environment companies are looking for ways to reduce costs and improve efficiencies. This is driving demand for managed print services and document solutions that enable business process efficiencies and cost controls linked to printing. According to the study, European document solution revenues will grow from $1.6 billion in 2010 to $2.5 billion in 2015.
"Companies of all sizes are focusing on reducing costs and driving efficiencies," said Arnaud Gagneux, director, Imaging Hardcopy and Document Solutions Europe, IDC. "Large corporations and the public sector lead the way and small and medium businesses are now asking for affordable solutions that will help them identify, monitor, and reduce print costs as well as control the way documents are used while streamlining some paper-based processes."
The total Western European document solutions revenue opportunity, which includes software offered by hardcopy peripheral vendors and independent software companies, is expected to demonstrate an 8.8% compound annual growth rate (CAGR) from 2010 through 2015.
The Western European paper/digital document management solutions segment continues to be the largest in dollars. This is expected to increase at a high single-digit compound annual growth rate.
The mobile printing and security software subsegments, including authentication and authorization, are experiencing the most significant growth rates during the forecast period.
The study, EMEA Document Solutions Forecast and Analysis, 2011–2015 (IDC #KD56T, November 2011), examines the market for document solutions software that leverages MFPs, document imaging scanners, and printers. It analyzes European document solution markets with specific emphasis on paper to digital document management, device management, and output management, and covers France, Germany, the U.K., Italy, Spain, the Nordic region, Poland, Turkey, and rest of Central and Eastern Europe.
The study also describes the growing revenue opportunity represented by document solutions for hardcopy peripheral vendors and their solution partners, and examines revenue for both software licenses and the associated maintenance/service fees.
The study can be purchased on idc.com. For more information about the study, please contact Arnaud Gagneux (tel.: +44 208 987 7131 begin_of_the_skype_highlighting +44 208 987 7131 end_of_the_skype_highlighting, email: email@example.com) or visit www.idc.com.