The global cloud printing services market is anticipated to be valued at US$ 1,521.5 million in 2023, forecast to grow at a CAGR of 11.7% to be valued at US$ 4,614.1 million from 2023 to 2033. From 2018 to 2022 a CAGR of 9.6% was registered for the biscuit mixes market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 9.6% CAGR |
| Expected Market Value (2023) | US$ 1,521.5 million |
| Anticipated Forecast Value (2033) | US$ 4,614.1 million |
| Projected Growth Rate (2023 to 2033) | 11.7% CAGR |
Cloud printing enables businesses to satisfy print-on-demand requirements while also lowering printing costs and eliminating the need to purchase, deploy, and manage gear and software. Cloud printing services save time by allowing users to instantly locate a printer and print from their own device without the need for driver installation.
Cloud printing connects printer units to computers, smartphones, tablets, and workstations. It has eliminated conventional printing hurdles such as software driver issues, compatibility concerns, and device connectivity issues.
Also, cloud printing reduced printing costs and the need to buy, deploy, and manage hardware and software. Cloud printing services save time by quickly finding a printer and printing from one’s own device without the need to set up driver installations.
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The global demand for cloud printing services is projected to increase at a CAGR of 11.7% during the forecast period between 2023 and 2033, reaching a total of US$ 4,614.1.0 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 9.6%.
Cloud printing allows users to connect any digital device to a printing station via network connectivity such as wi-fi, Bluetooth, TCP-IP, and many more, allowing them to print papers and other items on a device to the cloud. This aspect of cloud printing allows for greater flexibility inside the corporate premises.
Cloud printing eliminates the need for customers to invest in in-house servers, hardware, and software for document printing or other purposes, lowering the cost of deploying, maintaining, and replacing gear and software. These assist firms or enterprises in lowering their operating and capital expenditures. It gives consumers control over printing and delivers rapid and efficient printing, which helps to decrease paper waste and carbon emissions.
Many cloud printing service providers give service level agreements that ensure year-round 24/7 availability, which helps to decrease downtime and issues. Geographical restrictions and physical linkages, which were previously necessary, have been eliminated by new cloud printing technology.
Printing critical papers, photos, PDFs, and other files from anywhere and at any time is possible by sending a print request from their digital devices via cloud technology, which is projected to enhance the industry in the near future.
Increasing Penetration of Mobile Devices to Boost Market Growth
The increased usage of cloud printing services in small and medium-sized businesses also contributes to market development. With increased business efficiency and the penetration of mobile devices, the mobile workforce is expanding, needing continual and secure internet connection as well as a decrease in infrastructure maintenance expenses. These are some of the primary drivers of the cloud printing services industry.
Cloud printing services are extensively utilised in numerous end-user industries such as information technology, healthcare, education, hospitality, manufacturing, logistics & transportation, government, financial services, telecommunication, and others due to its flexibility.
Principal Consultant
Privacy Concerns to Hinder Market Growth
Despite the fact that the cloud printing services market offers multiple end-uses, there are numerous barriers to market expansion. The cloud printing services industry is constrained by data-protection difficulties, privacy concerns, and management that necessitates thorough reporting on user activity.
The most significant obstacle to the cloud printing services market is constantly changing technology and platforms, which may impede market growth.
Another factor that is expected to negatively influence the growth of the cloud printing services market over the forecast period is a lack of understanding of the operational effectiveness and other benefits of technologically sophisticated systems.
Cloud printing services, such as a LAN or WAN, need a powerful internet connection. Inadequate network infrastructure in underdeveloped nations may provide a barrier to market expansion.
Rapid Technological Progress and a Rising Number of Enterprises to Boost Market Growth
North America was the largest market for cloud printing services, and this trend is likely to continue throughout the projection period due to the region's increasing digitization. The region is expected to account for 36.7% of the cloud printing services market.
North America is predicted to be the next dominating region with strong adoption rates for the cloud printing services market. With rapid technological progress and a rising number of enterprises in North America, the region's need for cloud printing services is expected to expand. Furthermore, rising sales of mobile phones, tablets, and laptops in the area contribute to the market's expansion.
The Presence of Well-Known Cloud Printing Services Market Manufacturers to Widen Growth Prospects
According to Future Market Insights, due to the region's expanding business sector, Europe is predicted to create enormous potential prospects for the cloud printing services market. The market for cloud printing services is predicted to increase steadily throughout the forecast period.
Europe accounts for 17.9% of the worldwide market for cloud printing services. The number of organisations and enterprises in the country is expanding as technology investments increase. The presence of well-known cloud printing services market manufacturers and providers boosts Europe's cloud printing services industry as well.
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Public Cloud Printing Services Remains the Most Preferred Cloud Type in the Market
The public cloud printing services segment led the worldwide cloud services market share by cloud type in 2020 and is likely to retain its dominance in the following years. This is mostly owing to the fact that the public cloud printing services category is the most often used cloud type due to its ease of use and low cost.
However, the private cloud printing services segment is likely to develop the fastest, as private firms use cloud services to build assets. Thus, by cloud type, public cloud printing services are expected to hold 30% market share in 2022 for cloud printing services market.
Information Technology Segment to Have the Highest Demand
The information technology segment is projected to use cloud printing services on a significant scale because cloud printing services increase company cooperation and allow team members to share information simply and securely.
In addition, the cloud provides the security of quick data recovery and huge data centres capable of failover in the event of outages. Thus, by vertical, information technology segment is expected to hold 20% market share for cloud printing services market in the forecast period 2023 to 2033.
UniPrint Infinity, Printix, pharos Xerox, AirPrint, and Lexmark are some of the startup firms in the cloud printing services sector. Given the rising reliance on cloud-based platforms, particularly in the last two years, organisations are searching for effective solutions to assure business operations continuity.
IMS Group Ltd., Google Inc., UniPrint.net, Kyocera International, Inc., ezeep GmbH, Genius Bytes Software Solutions, Cortado Inc., and Cirrato Technologies AB are some of the main players in the worldwide cloud printing services market.
Because of the large number of competitors, the market is extremely competitive. While global giants such as IMS Group Ltd., Google Inc., and UniPrint.net command a sizable market share, various regional players are also active in important development regions, notably Asia Pacific.
Recent Developments
| Report Attributes | Details |
|---|---|
| Market Value in 2023 | US$ 1,521.5 million |
| Market Value in 2033 | US$ 4,614.1.0 million |
| Growth Rate | CAGR of 11.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Customization | Available Upon Request |
The market is valued at US$ 1,521.5 million in 2023.
The market will expand at an 11.7% CAGR through 2033.
The growing use of mobile devices is driving growth.
From 2018 to 2022, the market expanded at a 9.6% CAGR.
Public cloud printing services is the key cloud type.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Cloud Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Cloud Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Cloud Type, 2023 to 2033
5.3.1. Public
5.3.2. Private
5.3.3. Dual
5.4. Y-o-Y Growth Trend Analysis By Cloud Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Cloud Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Platform, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Platform, 2023 to 2033
6.3.1. Android Phones
6.3.2. Windows PC
6.3.3. Mac
6.3.4. iPad
6.4. Y-o-Y Growth Trend Analysis By Platform, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Platform, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Verticals
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Verticals , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Verticals , 2023 to 2033
7.3.1. Information Technology
7.3.2. Healthcare
7.3.3. Education
7.3.4. Hospitality
7.3.5. Manufacturing
7.3.6. Logistics & Transportation
7.3.7. Government
7.3.8. Financial Services
7.3.9. Telecommunication
7.4. Y-o-Y Growth Trend Analysis By Verticals , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Verticals , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA.
9.2.1.2. Canada
9.2.2. By Cloud Type
9.2.3. By Platform
9.2.4. By Verticals
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Cloud Type
9.3.3. By Platform
9.3.4. By Verticals
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Cloud Type
10.2.3. By Platform
10.2.4. By Verticals
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Cloud Type
10.3.3. By Platform
10.3.4. By Verticals
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Cloud Type
11.2.3. By Platform
11.2.4. By Verticals
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Cloud Type
11.3.3. By Platform
11.3.4. By Verticals
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Cloud Type
12.2.3. By Platform
12.2.4. By Verticals
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Cloud Type
12.3.3. By Platform
12.3.4. By Verticals
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Cloud Type
13.2.3. By Platform
13.2.4. By Verticals
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Cloud Type
13.3.3. By Platform
13.3.4. By Verticals
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Cloud Type
14.2.3. By Platform
14.2.4. By Verticals
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Cloud Type
14.3.3. By Platform
14.3.4. By Verticals
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Cloud Type
15.2.3. By Platform
15.2.4. By Verticals
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Cloud Type
15.3.3. By Platform
15.3.4. By Verticals
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Cloud Type
16.1.2.2. By Platform
16.1.2.3. By Verticals
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Cloud Type
16.2.2.2. By Platform
16.2.2.3. By Verticals
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Cloud Type
16.3.2.2. By Platform
16.3.2.3. By Verticals
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Cloud Type
16.4.2.2. By Platform
16.4.2.3. By Verticals
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Cloud Type
16.5.2.2. By Platform
16.5.2.3. By Verticals
16.6. United Kingdom.
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Cloud Type
16.6.2.2. By Platform
16.6.2.3. By Verticals
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Cloud Type
16.7.2.2. By Platform
16.7.2.3. By Verticals
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Cloud Type
16.8.2.2. By Platform
16.8.2.3. By Verticals
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Cloud Type
16.9.2.2. By Platform
16.9.2.3. By Verticals
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Cloud Type
16.10.2.2. By Platform
16.10.2.3. By Verticals
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Cloud Type
16.11.2.2. By Platform
16.11.2.3. By Verticals
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Cloud Type
16.12.2.2. By Platform
16.12.2.3. By Verticals
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Cloud Type
16.13.2.2. By Platform
16.13.2.3. By Verticals
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Cloud Type
16.14.2.2. By Platform
16.14.2.3. By Verticals
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Cloud Type
16.15.2.2. By Platform
16.15.2.3. By Verticals
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Cloud Type
16.16.2.2. By Platform
16.16.2.3. By Verticals
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Cloud Type
16.17.2.2. By Platform
16.17.2.3. By Verticals
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Cloud Type
16.18.2.2. By Platform
16.18.2.3. By Verticals
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Cloud Type
16.19.2.2. By Platform
16.19.2.3. By Verticals
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Cloud Type
16.20.2.2. By Platform
16.20.2.3. By Verticals
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Cloud Type
16.21.2.2. By Platform
16.21.2.3. By Verticals
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Cloud Type
16.22.2.2. By Platform
16.22.2.3. By Verticals
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Cloud Type
16.23.2.2. By Platform
16.23.2.3. By Verticals
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Cloud Type
17.3.3. By Platform
17.3.4. By Verticals
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. IMS Group Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Google Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. UniPrint.net.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Kyocera International, Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Ezeep GmbH
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Genius Bytes Software Solutions
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Cortado Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Levi Ray & Shoup
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Ray & Shoup(cirrato)
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Xerox
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Cloud Printing Services Market
