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(Weymouth, MA) September 20, 2000…CAP Ventures announced today the completion of its latest multi-client study "Print e-Procurement: Changing the Face of the Printing Industry." The study forecasts 42% compound annual growth in the print e-procurement market and rapid adoption of Internet-based solutions during the first half of this decade. The research studies the current state of e-commerce in the printing industry, interviewing both print buyers and print service providers. The results are compelling. Though only 17% of print is currently procured via processes that are at least partly Internet-enabled, CAP Ventures expects this number to triple within two years, and grow to 80% by the year 2005 – a stunning 42% compound annual growth rate. Furthermore, most printers interviewed believe Internet-based workflow and process automation tools will improve their margins in excess of 20%. This is huge news for a mature industry with traditionally low margins! "There is a lot of hype and anecdotal information about print e-procurement solutions in the press today. This study provides focused, detailed primary research and analysis," states Charlie Corr, Group Director of the Print On Demand Service. "This study gives print buyers, print service providers, and print solutions vendors the information necessary to build an effective print e-commerce strategy." The study is based on 300 telephone interviews with print buyers (including a wide range of corporations as well as advertising agencies and design firms), 200 telephone interviews with print providers, and numerous in-depth interviews with representatives from both groups who are currently deploying e-procurement solutions. In addition, the study provides case studies of print e-procurement applications along with profiles of key players in the market. Based on this research and a review of related studies, CAP Ventures projects likely future developments. For more information on the multi-client study "Print e-Procurement: Changing the Face of the Printing Industry" please contact Alison Hipp at x 126 or via email at . |
