Cloud printing services are electronic services that enable users to print documents and other materials on any device that is connected to the cloud. Business or corporate users create content with the aid of software tools and transfer it to a cloud printing service provider through any device and then routes the file to a cloud-attached printer at a place selected by the user. Cloud printing services are either open, allowing other businesses to use its hardware, software, and network to produce printed documents, or it can be a closed network that will only enable enterprise users. Cloud print management solutions simplify intra-organizational printing infrastructures by aligning printers, devices, drivers, and users across the entire company. According to a study published by Insure Insights, the global Enterprise Cloud Print Market is expected to grow at a high CAGR.
Top Driver: Proliferation of Mobile Devices and Reliability of Cloud Services
Some of the key factors driving the market are the proliferation of mobile devices, an increase in business efficiency, constant and secure internet access, and a reduction in infrastructure management cost. Moreover, cloud printing services are reliable and offer services to print remotely from various locations. Fewer software drivers are required to connect a particular device to a printer, digital information directly from the cloud service. However, other significant factors such as mobility in printing services, reduction in costs, and increased security are anticipated to create lucrative opportunities for the cloud printing services market.
However, privacy issues, data-protection challenges, and administrators’ requirement for comprehensive reporting on user behavior are expected to hinder the growth of the cloud printing services market.
Public Cloud to Make Crucial Contribution to Growth of Market
Among the clod type segment, the market is segmented into Public Cloud, Private Cloud, Dual Cloud. The public cloud segment occupied a larger market share owing to the capability of public clouds to store huge amount of data. On the basis of Platform, the market is segmented into Android phones, Windows PC, Mac, iPad. On the basis of vertical the market can be segmented as Information, Technology, Healthcare, Education, Hospitality, Manufacturing, Logistics & Transportation, Government, Financial Services, Telecommunication.
Rising Adoption of Cloud Printing Services to Benefit North America Market
North America is anticipated the dominant market share for the cloud printing services market due to the increase adoption of cloud printing services, which enables us to print documents anywhere, anytime from the cloud. Furthermore, Western Europe region is witnessing a rise in growth rate due to the rising demand for printer fleet management and managed printed services (MPS) offerings followed by the Asia Pacific region in the enterprise cloud printing services market.
Players to Focus on Enterprise Cloud Print Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Google, Amazon, Microsoft, Baidu, Aliyun, VMWare, HP, Synergetic Data Systems, ThinPrint Cloud Services, Celiveo, Toshiba, Xerox, Gelato, Ricoh, Epson, and Samsung among others could be at the forefront of the competition in the global market.
Google: In September 2016, Google announced that it intends to purchase Apigee, an API management platform that went public last year, for $625 million or $17.40 a share. The company, which helps customers build digital products with open APIs, has an impressive customer list including Walgreens, AT&T, Bechtel, Burberry, First Data and Live Nation.
Apigee: In September 2016, Apigee, the API company, today announced that it has entered into a definitive agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million. The transaction is subject to the satisfaction of customary closing conditions, including Apigee stockholder approval and applicable regulatory approvals. The companies expect the transaction to close by the end of 2016.
Scope of the Report
By Cloud Type
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Table of Content
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