In an outstanding achievement, PaperCut Software has once again secured the prestigious number 1 ranking for Worldwide and U.S. Device and Print Management market shares, marking the third consecutive year of this accomplishment. This recognition comes from the recently released IDC Worldwide and U.S. Device and Print Management Market Shares, 2022 report (doc #US49326323, June 2023).
Amidst the dynamic landscape of hybrid work arrangements and the growing adoption of cloud-based solutions, PaperCut not only maintained but also expanded its presence within the device and print management software market in the year 2022. This achievement cements PaperCut’s position as the leading vendor in the market for the third successive year.
While the year 2021 witnessed a dip in industry revenues, 2022 witnessed a modest recovery. As the global impact of the COVID-19 pandemic gradually waned and businesses around the world began returning to physical offices, the majority of vendors experienced growth during this period. This collectively led to a 3.1% upturn from 2021 in sales within the worldwide device and print management document solution software market. PaperCut remained firmly at the forefront, securing the top rank with $83.9 million, representing a 12.9% market share.
According to IDC’s comprehensive report, PaperCut is spearheading the transition to cloud-based solutions with offerings suitable for both public and private clouds. Their purpose-built cloud products, PaperCut Hive and PaperCut Pocket, which debuted in 2021, continue to address the imperative needs of customers by delivering cost savings, streamlined print enablement, and waste reduction.
Steve Holmes, Head of Global Sales & Channels at PaperCut, shared his insights on the report’s findings: “In the midst of navigating the ever-evolving dynamics of the ‘new normal,’ PaperCut takes great pride in retaining its position as the world’s leading print management solution provider in terms of market share for the third consecutive year. This consistent achievement underscores our customers’ alignment with our sustainability vision and underscores the robustness of our product portfolio in the face of escalating demand for secure, mobile, and cloud-ready print management solutions.”
He continued, “The success of PaperCut directly mirrors the triumph of our esteemed channel partners. Our Authorised Solution Centers, OEM partnerships, and Reseller network stand attuned to customer requirements and the prevailing print landscape. Their unwavering dedication, discipline, and expertise play a pivotal role in PaperCut’s consistent recognition as the market share leader by IDC for three consecutive years. As we look ahead, we remain confident that PaperCut and our channel partners will continue to thrive, driven by their unwavering commitment to putting customers at the forefront.”
For further details, please refer to the official PaperCut website.
