November 22, 2011 – The adoption of mobile business intelligence functionality and cloud content management are pushing billions more in expected spending on document solutions software over the next four years, according to a new report from advisory firm IDC.
Global document solutions software revenues will increase to $5.5 billion in 2015, an increase of nearly $2 billion from 2010, according to IDC’s market forecast. That would keep document solutions at the top of software revenue streams, even as double-digit revenue growth is expected for authentication, authorization and security software over this time period.
The biggest change in that heightened document software spending stems from new content management solutions for mobile BI devices. IDC forecasts mobile print solution software revenue to grow to $1 billion in 2015, a compound annual growth rate of 71.2 percent from 2010 levels. Along with increased revenue, new mobile and networked hardcopy dedications are expected to put more strain on IT in terms of secure monitoring and management, IDC stated. In addition, IDC anticipates more automation in document solutions for output management.
Ron Glaz, research director for document solutions and services at IDC, says that the market is undergoing a “profound” shift to digital from the adoption of cloud and mobile capabilities at organizations that is anticipated to continue for the next few years. For document solutions, that means higher demand for solutions for device management, output management, and paper-to-digital document management.
“I believe businesses of all sizes are combing through business processes searching for cost-effective solutions that will streamline and reduce cost to their current processes,” says Glaz. “To support this up-and-coming [mobile] workforce, business content needs to be in a digital format and available in an infrastructure like cloud-based solutions that will enable employees access to the information anytime and anywhere.”
To access the report, visit here.
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