Research and Markets Adds Report: Global Document Outsourcing Market 2012-2016
Jan 21, 2013 (Close-Up Media via COMTEX) --
Research and Markets announced the addition of the "Global Document Outsourcing Market 2012-2016" report to its offerings.
In a release, Research and Markets noted that report highlights include:
TechNavio's analysts forecast the Global Document Outsourcing market to grow at a CAGR of 20.75 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased focus on business processes and core competencies. The Global Document Outsourcing market has also been witnessing consolidation of the market. However, the increase in security concerns could pose a challenge to the growth of this market.
The key vendors dominating this market space are Canon Inc., HP Co., Lexmark International Inc., Ricoh Co. Ltd., and Xerox Corp.
The other vendors mentioned in the report are Pitney Bowes Inc., Toshiba Corp., Konica Minolta Holdings Inc., the American Reprographics Co., and Kyocera Document Solution Inc.
Commenting on the report, an analyst from TechNavio's IT Services team said: ''In the current scenario, there is an upsurge in the adoption of cloud and mobile printing. In 2009, sales of smartphones exploded. Smartphone shipments beat shipments of personal computers (PCs) for the first time ever in 2011. The feature that is requested the most in smartphones such as iPhones and iPads is the print feature. In addition to smartphones, e-readers such as Kindle, Sony, and iRex and netbooks and tablets with incorporated print features have led to an upsurge in mobile printing.''
According to the report, one of the major drivers is the increased focus on business processes and core competencies. With the increasing demand for improved returns from investors irrespective of the top-line growth, there is mounting pressure on organizations worldwide. Hence, firms are majorly focusing on restructuring various processes across verticals, and document outsourcing plays a major role in this. With the increasing adoption of document outsourcing services, firms are able to concentrate more on their core competencies and business processes.
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