(Weymouth, MA) March 7, 2006…InfoTrends, the leading market research and consulting company in the digital imaging and document solutions industries, announces the release of two new annual market forecasts focused on the production workflow software market. Forecasts show continued global growth driven by industry transformation.
InfoTrends expects the global production software market to demonstrate a Compound Annual Growth Rate (CAGR) of 9.9%, moving from $6.2 billion in 2004 to $10 billion in 2009. At the same time, we believe that this 9.9% CAGR does not tell the whole story about a market that has a combination of mature categories that depress overall growth and other segments with strong growth. “We expect to see those segments that contribute to service provider super-efficiency or value-added services to grow the most quickly,” notes Holly Muscolino, Director of InfoTrends’ Production Workflow Solution consulting service. “And new categories, such as hybrid offset-digital workflow, are projected to grow extremely fast, albeit from a very small base.”
Figure 1: Global Production Software Market Comparative Growth Rates
North America represented the largest geographical market for print production workflow software in 2004, accounting for almost half (46%, $2.8 billion) of all revenues. Western Europe accounted for over one-third of revenues (34%, $2.1 billion). Japan was the next largest market, although it represented only 10% of the market with a value of just over $0.6 billion.
Figure 2: 2004 Global Print Production Workflow Software Market by Geography
InfoTrends’ new forecasts on the production software market build on the landmark multi-client study released in 2004 entitled The Global Print Production Workflow Market: Enabling Fundamental Business Change in Graphic Arts. This study was a first-ever comprehensive analysis of the print production-related software market. Due to the rising importance of this market, InfoTrends is now dedicated to sizing and forecasting the production software market on an annual basis.
The forecasts are now available for purchase – Global & North American Print Production Workflow Software Market Forecast and Global & Western European Print Production Workflow Software Market Forecast.
For more information on these forecasts or to make a purchase, please contact Nicole Shown at (781) 616-2100, ext. 207 or via e-mail at email@example.com.
InfoTrends 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.
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