For the third successive year, PaperCut Software has earned the esteemed number 1 rank in both Worldwide and U.S. Device and Print Management market shares, as indicated by the recent publication of the IDC Worldwide and U.S. Device and Print Management Market Shares, 2022 (doc #US49326323, June 2023) report.
Amidst the evolving landscape of hybrid work environments and the growing acceptance of cloud-based solutions, PaperCut asserted its dominance in the device and print management software arena during 2022. It proudly retained its position as the leading vendor in the market for the third consecutive year.
While 2021 witnessed a decline in industry revenues, 2022 witnessed a modest recovery. As the global impact of the COVID-19 pandemic waned and businesses gradually returned to their offices, most vendors experienced growth throughout the year. This collective progress led to a 3.1% upswing in worldwide device and print management document solution software sales compared to 2021. In this dynamic environment, PaperCut stood strong, maintaining its premier status with a market share of 12.9% and total sales of $83.9 million.
According to the findings of the IDC report, PaperCut is leading the charge towards cloud adoption by offering suitable solutions for both public and private cloud environments. Their cloud-focused offerings, PaperCut Hive and PaperCut Pocket, which were introduced in 2021, continue to resonate with customers by addressing the imperative to reduce costs, simplify print management, and curtail waste.
Steve Holmes, Head of Global Sales & Channels at PaperCut, shared his thoughts on the report, stating: “In the midst of navigating the ever-evolving concept of the ‘new normal,’ PaperCut takes great pride in maintaining its position as the foremost print management solution by market share for the third consecutive year. This consistency underscores the shared commitment between our customers and our channel partners towards sustainability. It also underscores the resilience of our product portfolio in the face of strong demand for mobile, secure, and cloud-ready print management solutions.”
Holmes added, “The success of PaperCut is intrinsically tied to the success of our channel partners. Our Authorised Solution Centers, OEM partnerships, and Reseller network have their fingers on the pulse of customer demands and the evolving state of the printing industry. Their dedication, discipline, and expertise play a pivotal role in securing PaperCut’s market leadership status as recognised by IDC for three successive years. As we look ahead, we remain confident that PaperCut and our channel partners will continue to thrive by keeping customer needs at the forefront.”
For further insights, visit the PaperCut website.