For the third year running, IDC has ranked PaperCut Software at number 1 for Worldwide and U.S. Device and Print Management market share in its recently published, IDC Worldwide and U.S. Device and Print Management Market Shares, 2022 (doc #US49326323, June 2023) report. While navigating the hybrid working era and the uptake of cloud solutions, PaperCut gained share in the device and print management software market in 2022, retaining the number 1 position as top vendor in the market for the third year in a row.
Whereas 2021 experienced a decline in industry revenues, 2022 was marked by a slight modest recovery. With COVID-19 as a global health crisis coming to an end, businesses worldwide started returning to the office. As a result, most vendors experienced growth in 2022. This delivered a 3.1% increase from 2021 in worldwide device and print management document solution software market sales. PaperCut remained in the top spot with $83.9 million at 12.9% market share.
IDC’s report states that PaperCut is driving the move to the cloud with public or private cloud suitable solutions. Its built-for-cloud products, PaperCut Hive and PaperCut Pocket, launched in 2021, continue to deliver on customers’ needs to save costs, simplify print enablement, and reduce waste.
Commenting on the report, Steve Holmes, Head of Global Sales & Channels, PaperCut, stated: “In the middle of traversing the daily-evolving new normal, PaperCut is grateful to retain the position as the world’s number one print management solution by market share for the third year in a row. This consistency reflects that our customers and our channel share our passion for sustainability, and it reflects the strength of our product portfolio in the face of a high demand for mobile, secure, and cloud-ready print management solutions.”
He added: “PaperCut’s success is our channel partners’ success. Our Authorised Solution Centers, OEM partnerships, and Reseller network are in tune with customer needs and the state of printing in the world today. Their dedication, discipline, and expertise is a vital component of PaperCut being ranked the market share leader by IDC three years running. We look forward to the year to come, and maintain belief that PaperCut and our channel partners will keep thriving by continuing to put customers first.”
Read more on the PaperCut website.