According to the latest procurement intelligence report from Technavio, the global printer services market is expected to grow at a CAGR of 1.86% over the next five years due to a shift in several large organizations' focus toward digital media.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170130005387/en/
Technavio has published a new report on the global print services market from 2017-2021. (Photo: Business Wire)
The research report titled ‘Global Printer Services - Procurement Market Intelligence Report 2017-2021’ provides an in-depth analysis of category spend, best procurement practices and cost saving opportunities, aimed at helping organizations achieve superior business performance. The report also provides insights on pricing, supplier positioning and top companies, enabling sourcing professionals to improve their competitive advantage through procurement excellence.
“During the forecast period, the print services market will be driven by increasing retail sales creating the need for printed products such as labels, bags, direct mails, and catalogs,” said lead Technavio procurement expert Angad Singh for category spend intelligence sector. “In addition, growing demand in mature markets such as the US, the UK, and Germany for direct mail content to target repetitive customers with higher disposable incomes, will also drive the market,” added Angad.
Request a sample report:http://www.technavio.com/request-a-sample?report=54781
Technavio sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Cost saving opportunities in the print services market
The adoption of various cost-optimization levers helps buyers of print services realize direct cost savings and enhance category management and value benefits (including reduced procurement complexities).
Technavio procurement experts have segmented the cost saving opportunities in the print services market into the following value-enhancement opportunities:
- Adoption of technology
- Supplier Competition
- Adoption of negotiation strategies
- Optimization of procurement practices
- Unbundling of services
Adoption of technology saving aspects
Technologies such as laser, digital, and nanographic printing can all minimize printing costs, sometimes up to 25% of the total category spend.
Laser printing employs an electrostatic method to achieve good print quality, while digital printing enhances quality with low TAT. According to the study conducted by the Association of Printing Industries of America in 2015, 30% of printing requirements in the US require TATs of a day or less.
Optimization of procurement practices saving aspects
Optimization of supply pool segregation is critical in the global print services market. Technavio analysts suggest procurement of the right mix of in-house resources, advertisement agencies, and print management companies at regional/global levels.
Several large organizations are looking to automate artwork management activities by outsourcing them to companies such as Sonoco Trident that can help standardize the process by deploying structured workflows where different reviewers/approvers can be assigned automatically based on brands/sites/countries, while also reducing associated TATs.
Unbundling of services saving aspects
One of the most opportunistic strategic cost saving levers in the global print services market is the need for consolidation and unification of pre-press activities. Organizations are looking to consolidate and source pre-press activities (such as translation, designing, adaptation, and localization) from a limited set of preferred service providers as there is a growing need to unify their brands' message across channels.
Browse other reports:
- Global Contact Center Outsourcing Market 2017-2021
- Global Market Research Services 2016-2020
- Global Rail Freight Services Market - Procurement Market Intelligence Report 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170130005387/en/
