In an outstanding triumph, PaperCut Software has once again secured the prestigious top rank in the Device and Print Management market share, both globally and within the United States, for the third consecutive year, as revealed by the IDC Worldwide and U.S. Device and Print Management Market Shares, 2022 report (document #US49326323, June 2023).
Amidst the complexities of the hybrid work environment and the growing adoption of cloud-based solutions, PaperCut has successfully expanded its presence in the device and print management software market throughout 2022. This achievement highlights PaperCut’s unwavering commitment as the leading vendor in the market for the third consecutive year.
Contrasting the decline observed in industry revenues during 2021, the year 2022 witnessed a modest recovery. With the conclusion of the global health crisis posed by COVID-19, businesses globally began the transition back to physical office spaces. Consequently, the majority of vendors experienced growth in 2022, contributing to a 3.1% rise in sales within the worldwide device and print management document solution software market compared to 2021. PaperCut remained firmly seated at the forefront, capturing 12.9% market share and reaching $83.9 million in revenue.
IDC’s comprehensive report underscores PaperCut’s pivotal role in driving the cloud migration trend by offering suitable solutions for both public and private cloud environments. The introduction of PaperCut Hive and PaperCut Pocket in 2021, purpose-built for cloud compatibility, continues to cater to customers’ demands for cost savings, streamlined print enablement, and waste reduction.
Steve Holmes, Head of Global Sales & Channels at PaperCut, commented on the report, stating: “Amidst the evolving dynamics of the new normal, PaperCut is honoured to sustain its position as the world’s leading print management solution by market share for the third consecutive year. This consistency underscores the shared commitment between our customers, channel partners, and us towards sustainability. It also highlights the resilience of our product portfolio in the face of surging demand for secure, mobile, and cloud-ready print management solutions.”
Holmes further added: “PaperCut’s triumph is inherently tied to the achievements of our esteemed channel partners. Our Authorised Solution Centers, OEM partnerships, and Reseller network are attuned to customer needs and the evolving landscape of printing. Their dedication, expertise, and disciplined approach have significantly contributed to PaperCut’s consecutive market share leadership recognized by IDC. We eagerly anticipate the year ahead, remaining steadfast in our belief that PaperCut and our channel partners will continue thriving by consistently prioritising customer satisfaction.”
For further insights, visit the PaperCut website.
