The Impact of Vendor Consolidation on the Print Industry
Vendor consolidation is a significant trend in the print industry, with several major players merging or acquiring smaller companies to strengthen their market position. This trend is expected to continue in 2025, with Quocirca predicting that new entrants will emerge as a result. The consolidation of vendors will lead to a more streamlined and efficient supply chain, but it may also result in reduced competition and innovation. Key drivers of vendor consolidation: + Cost savings through reduced overhead and improved operational efficiency + Increased bargaining power with suppliers + Enhanced ability to invest in research and development + Improved customer service through reduced complexity
+ Reduced competition and innovation + Increased dependence on a smaller number of vendors + Potential for vendor lock-in and reduced flexibility
The Decline of Print Volumes and Changing Customer Demands
The print industry is facing significant challenges, with declining print volumes and changing customer demands.
Cloud print market faces security concerns and evolving customer needs as it grows.
The Cloud Print Market: Trends and Challenges
The cloud print market is a rapidly evolving space, driven by the increasing adoption of cloud-based services and the need for flexible, scalable, and secure print solutions. As the market continues to grow, it is essential to understand the trends and challenges that shape its development.
Security Concerns
One of the primary inhibitors to growth in the cloud print market is security. According to a recent survey, 32% of IT decision-makers (ITDMs) cite concerns about data protection as a major obstacle to adopting cloud-based print solutions. This concern is not unfounded, as the cloud print market involves the transfer of sensitive data between devices, networks, and cloud services. Key security concerns in the cloud print market include: + Data encryption and protection + Authentication and authorization + Access control and monitoring + Compliance with regulatory requirements
Cloud Maturity and Customer Needs
As the cloud print market continues to mature, customers will require clear guidance from suppliers who can align their offerings with their cloud maturity. This means that suppliers must be able to provide tailored solutions that meet the specific needs of customers at different stages of their cloud journey.
AI is a double-edged sword that can both enhance security and create new threats.
The AI-Powered Security Threat Landscape
The increasing adoption of Artificial Intelligence (AI) in various industries has led to a significant shift in the security landscape. As AI becomes more prevalent, it also becomes a potential target for cybercriminals. The concern among IT Decision Makers (ITDMs) is palpable, with 62% of them worried that AI will be used to create security risks. This concern is well-founded, as AI can be used to enhance the capabilities of cybercriminals, making it a double-edged sword.
The Rise of AI-Powered Cybercrime
AI-powered cybercrime is on the rise, with malicious actors leveraging AI to carry out sophisticated attacks.
The Rise of Sustainable Printing
The printing industry is undergoing a significant transformation, driven by growing concerns about the environmental impact of traditional printing methods. As consumers and businesses become increasingly aware of the ecological footprint of their purchasing decisions, the demand for sustainable printing solutions is on the rise.
Key Drivers of Change
Several factors are contributing to the shift towards sustainable printing:
The Rise of Integrated Services
The trend of organisations seeking integrated services from a single provider is on the rise. According to recent surveys, 48% of organisations currently use a single provider for Managed Print Services (MPS) and IT services, with this number increasing to 56% in the midmarket. This shift towards integrated services is driven by the desire for simplified procurement, reduced costs, enhanced efficiency, and improved security.
Benefits of Integrated Services
The Challenge for MPS Providers
As the trend towards integrated services continues to grow, MPS providers will need to adapt and defend against IT services specialists encroaching on print and document workflow territory.
Embracing AI to Drive Growth and Efficiency in Channel Companies.
The Rise of AI in Channel Companies
The adoption of Artificial Intelligence (AI) is on the rise in channel companies, with 46% of respondents stating that AI is already critically or very important to their business. This trend is expected to continue, with more companies recognizing the benefits of leveraging AI to drive growth, improve efficiency, and enhance customer experience.
Key Benefits of AI in Channel Companies
The Competitive Advantage of AI
Those channel companies that embrace AI will gain a major competitive advantage in the market. By leveraging AI, channel companies can:
Overcoming the Challenges of AI Adoption
While AI offers many benefits, channel companies must also be aware of the challenges associated with its adoption.
