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Print management software is a massive market, and it’s growing fast. The market is expected to grow at a CAGR of 18.4% for the next seven years, likely becoming a $6.3 billion market by 2031. As print management trends shift toward efficiency, security, and environmental responsibility, it’s easy to see the reasons behind such growth.
Here are some of the top print management software trends for 2024, and why they will be a differentiating factor for businesses.
Print management affects every aspect of a business and can have ripple effects through many departments, making the current trends a reflection of larger workplace trends. These are the top trends coming to print management in 2024:
Customers are demanding more insight into the environmental impact of their print environment and print suppliers. About 70% of organizations say it’s important that their print supplier provides a range of sustainable products and services, and 69% think it’s important for print suppliers to show they are reducing their own environmental impact.
As artificial intelligence continues revolutionizing technology, the print management market can also benefit. Print management software can implement AI solutions to reduce downtime, optimize print workflows, predict maintenance needs, and detect security breaches faster, among many other advantages.
Businesses are developing ways to become more agile while also reducing costs (both financial and environmental) compared to operating an on-premises environment. In addition to cutting costs and improving agility, cloud-first organizations are better prepared for advanced cyberattacks through optimized data compliance and security.
The shift to cloud-first solutions goes hand-in-hand with another trend: International business travel and in-person events are expected to increase in 2024. The growing amount of travel means that not only will people print more from work, but they’ll also print more from various off-site locations. If you plan to attend industry events while staying connected to work, you’ll need to be prepared with flexible and secure printing solutions.
Print management solutions continue to boost their credentials when it comes to data protection and theft prevention. They do this by providing security features like pull printing and integrations with IdPs. Customers looking for secure printing should plan to leverage solutions that adhere to SOC or ISO security frameworks.
A whopping 90% of companies plan to implement return-to-office policies by the end of 2024. That means more people will be printing at the office, which costs more money to cover increased resource use. If your organization is moving employees back into the office, you may want to start looking for a solution that limits print volumes and keeps print costs in check.
Change is challenging. Implementing a print solution that doesn’t require users to jump through hoops is key. The learning curve for IT should be minimal as well. If your print management software has a better user experience, your employees are more likely to adopt the solution more quickly while maintaining or improving productivity.
Sustainability is a major factor driving printing trends, too. Print management is a key way to reduce paper waste and protect the environment; however, it’s just as important for the business. According to Brand Times, sustainability will be a key growth driver in 2024 because it will materially affect profit centers, stakeholder management, and market share.
As sustainability gains importance, print management software will incorporate more features to support environmentally responsible printing. This may include:
Eco-mode printing: Introducing further settings for reducing energy consumption.
Carbon footprint tracking: Tools that allow organizations to measure and reduce their carbon footprint.
Paperless initiatives: Integrating with document management systems to promote paperless workflows.
PrinterLogic is the key to future-proofing your print management for 2024 and beyond. Our solution simplifies your print infrastructure while reducing print tickets by 90%. Centralized management increases the security and efficiency of print jobs while still supporting flexible, scalable, and secure printing. And because PrinterLogic is a centralized cloud-native solution, you can access your critical print data from a single pane of glass so you can start printing less, saving money, increasing sustainability, and being more transparent with future customers.
If you’re interested in accelerating automation and digitization and keeping up with print management trends, schedule a demo with us today.
