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(Weymouth, MA) May 07, 2007…InfoTrends expects the global production workflow software market to grow from $7.4 billion in 2006 to just over $12.6 billion in 2011, representing a compound annual growth rate (CAGR) of 11.3%. Figure 1: Total Global Print Production
“We believe that this growth does not tell the whole story about this market, as it has a combination of low revenue categories that depress overall growth and other revenue categories with stronger growth,” commented Alex Sumarta, an Associate Director at InfoTrends. “Several in-scope software categories within the market are expected to experience considerable growth, as they are enablers of super efficiency and value-added services. Digital print workflow management, variable data design, print e-business, and mail preparation software are among the software categories anticipated to show double digit growth. InfoTrends considers these solutions to be enablers of super efficiency and value added services for print service providers; therefore, they will present opportunities in this market. According to a new InfoTrends forecast, Global & Western European Print Production Workflow Software Market Forecast: 2006-2011, the Western European market will rise to €3.4 billion in 2011, representing a CAGR of 11.2%. Print controllers and RIPs for digital devices make up the largest portion of the Western European market at just over €0.62 billion in 2011. Production-class creative applications also represent a sizeable segment and will grow at a double digit CAGR of almost 14%. The smallest category is hybrid offset/digital workflow. This category is still relatively new but is expected to show the highest growth over the forecast period, with a 66% CAGR. InfoTrends’ Global & North American Print Production Workflow Software Market Forecast: 2006-2011, predicts that the North American market will demonstrate a CAGR of nearly 11%, increasing to $5.6 billion in 2011. As with the Western European market, print controllers and RIPs will account for the largest portion of the market, and the smallest category will be hybrid offset/digital workflow. InfoTrends expects the hybrid offset/digital print workflow software market to achieve a CAGR of nearly 58% over the forecast period, growing to $46 million in 2011. North America is expected to be an early adopter of this software due to its early adoption of color digital printing technology, causing vendors to focus more on this software segment. The increasing mix of offset and digital printing equipment within most print service providers’ environments will be a key growth driver, as will automation and standard conformance. These Production Workflow Solutions forecasts are available immediately for purchase. Each provides a comprehensive analysis of the print production-related software market. They size the market for software and related services by product category and forecast the growth of the market over the next five years. In addition to the global forecast, the documents provide further details on their respective markets. For more information about the forecasts or to make a purchase, visit our online store or contact Nicole Shown at +1 ext. 207 or . InfoTrends, a Questex company, is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends is available on the Web at www.infotrends.com. Copyright © 2007 InfoTrends. All rights reserved. Reproduction or reuse of InfoTrends materials is strictly prohibited without prior written consent. If you are interested in referencing InfoTrends content, please submit your request to . PR Contact |
