Los Angeles, February 17, 2020 - In a recent report by QY Research, titled, “Global Cloud Print Market Size, Status and Forecast 2019-2025” analysts have provided an in-depth understanding of the growing cloud print market. The cloud print market was valued at US$374 mn in 2019 and is expected to grow at a CAGR of 9.0% reaching US$628 mn by the end of 2025.
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Cloud print is a type of an electric service that helps users to print from any available web connected devices such as smart phones, tablets, and computers. The cloud print system is majorly used by business and commercial industries provides cost benefits and security to any organisation. Easy access to documents, secure, and constant internet access and low cost infrastructural management are key drivers of the cloud print market.
Wi-Fi Cloud Printing to get More Popular due to Wide Accessibility Range
The major type of cloud printing system includes Wi-Fi base, Bluetooth based and TCP-IP based. Commercial industries have dominated the cloud print market as it requires bulk and low cost printing. Commercial industries typically with large offices prefer Wi-Fi based cloud printing as it covers wider accessible range with better power than Bluetooth cloud printing. Wi-Fi based cloud printing is more reliable and easy to maintain than TCP-IP based cloud printing.
Traditional printing is typically done through cables and wires which can get risky. Moreover, cloud printing can reduce carbon emission and carbon footprint which in return reduces the amount of waste generation. These factors will accelerate the market growth for cloud printing.
Print-On-Demand Factor in Cloud Printing to Augment the Market
Cloud printing works as print-on-demand which eliminates the cost to print documents and helps in time management. These factors have made cloud printing more popular for personal use at home. Cloud printing is easy to use and manage without constant IT maintenance. It can be used for kid’s school and project work at home.
North America to Drive the Market due to Higher Demand for Cloud Computing Services
North America have adopted cloud computing services more than any other region globally which is expected to increase the cloud printing market as it makes easier to print important documents directly from the cloud. Moreover, North America have adopted stringent environment management regulations, due to which demand for cloud printing have increased as it manages waste generation by cutting carbon emission and carbon footprint.
Europe and Asia Pacific is also expected to witness growth opportunities for the cloud printing market due to the rapid rise in managed printed services (MPS).
Global Cloud Print Market Competitive Analysis
Amazon Web Services (AWS) is one of the key drivers for the global cloud computing and printing market. Amazon offers wide range of facilities and have dominated the regional outlook. In December 2019, Amazon Web Services partnered with Verizon to make cloud computing and cloud printing faster and reliable. Amazon Web Services is expected to dominate the market during the forecast period.
Other key players to drive the global cloud printing market include Google, Microsoft, Baidu, Aliyun, VMWare, HP, Synergetic Data Systems, ThinPrint Cloud Services, and Celiveo.
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