MarkWide Research

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 310-961-4489

24/7 Customer Support

All our reports can be tailored to meet our clients’ specific requirements, including segments, key players and major regions,etc.

Global Print Estimating Software market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032

Corporate User License

$3,450.00

Market Overview

The global print estimating software market is experiencing significant growth, driven by the increasing demand for streamlined print management processes and the growing adoption of digital printing technology. Print estimating software helps print service providers accurately calculate costs, estimate project timelines, and optimize production workflows. The software provides a range of features, including job estimation, pricing, inventory management, and reporting capabilities. With the increasing complexity of print projects and the need for cost efficiency, print estimating software has become an essential tool for print businesses.

Meaning

Print estimating software is a specialized software solution designed to help print service providers accurately estimate the costs and resources required for a print job. It enables users to calculate various cost factors such as materials, labor, equipment usage, and overhead expenses. By inputting project specifications such as print quantity, size, paper type, finishing options, and delivery requirements, the software generates accurate estimates and quotes. Print estimating software also assists in project management, resource allocation, and production planning, ensuring smooth operations and improved profitability for print businesses.

Executive Summary

The global print estimating software market is witnessing steady growth, driven by the increasing need for cost-effective print production and efficient workflow management. Print service providers are adopting print estimating software to streamline their operations, enhance customer satisfaction, and improve profitability. The market is characterized by the presence of established software vendors as well as emerging players offering innovative solutions. With the rising demand for customized and on-demand printing, the market is expected to witness further growth in the coming years.

Global Print Estimating Software Market

Key Market Insights

  1. Increasing Demand for Streamlined Print Management: The print industry is evolving, with a shift towards on-demand printing and shorter print runs. This trend has increased the need for efficient print management solutions that can handle complex estimating, planning, and production processes. Print estimating software provides automation and optimization capabilities, enabling print service providers to streamline their operations and meet customer expectations.
  2. Growing Adoption of Digital Printing Technology: The proliferation of digital printing technology has transformed the print industry, allowing for faster turnaround times, variable data printing, and personalized print materials. Print estimating software is essential in managing the complexities of digital printing, such as calculating ink usage, optimizing color matching, and estimating print speeds. The increasing adoption of digital printing technology is driving the demand for print estimating software.
  3. Cost Optimization and Profitability Enhancement: Print estimating software plays a crucial role in cost optimization and profitability enhancement for print businesses. By accurately estimating project costs, identifying cost-saving opportunities, and optimizing resource allocation, print service providers can improve their profitability margins. The software helps minimize waste, optimize material usage, and reduce production time, resulting in higher efficiency and improved financial performance.
  4. Integration with Other Print management systems: Print estimating software is often integrated with other print management systems, such as production planning, customer relationship management (CRM), and accounting software. This integration enables seamless data flow, real-time information sharing, and streamlined workflows across different departments. The ability to integrate with other systems enhances the overall efficiency and effectiveness of print businesses.

Market Drivers

  1. Increasing Demand for Personalized and On-demand Printing: The growing preference for personalized marketing materials, packaging, and promotional items has fueled the demand for print estimating software. The software enables print service providers to efficiently manage variable data printing, customization, and on-demand production, meeting the needs of today’s dynamic market.
  2. Emphasis on Cost Efficiency and Waste Reduction: Print businesses are under constant pressure to improve cost efficiency and reduce waste. Print estimating software helps in accurate cost estimation, waste minimization, and efficient resource allocation, leading to cost savings and improved profitability.
  3. Rise of E-commerce and Online Print Services: The rise of e-commerce and online print services has created a demand for print estimating software that can handle online orders, automate pricing, and streamline order processing. Print service providers catering to the online print market can benefit from the automation and efficiency provided by print estimating software.
  4. Adoption of Automation and Workflow Optimization: The need for automation and workflow optimization has become crucial in the print industry. Print estimating software automates complex estimation processes, optimizes resource allocation, and improves overall production workflows, resulting in increased productivity and reduced errors.

Market Restraints

  1. Cost of Implementation and Integration: The initial cost of implementing print estimating software and integrating it with existing systems can be a barrier for some print businesses. The costs associated with software licenses, hardware upgrades, training, and system integration may deter smaller print service providers from adopting print estimating software.
  2. Resistance to Change and Limited Technical Expertise: Resistance to change and limited technical expertise within print businesses can hinder the adoption and effective utilization of print estimating software. Some print service providers may be reluctant to invest in new technology or may lack the necessary knowledge to fully leverage the capabilities of the software.
  3. Fragmented Print Industry: The print industry is highly fragmented, consisting of a large number of small and medium-sized print service providers. The diverse nature of the industry poses challenges in standardizing processes and implementing uniform software solutions across different businesses.

Market Opportunities

  1. Integration with Web-to-print Solutions: Integration of print estimating software with web-to-print solutions can enable seamless order processing, automated pricing, and real-time estimation for online print businesses. This integration can enhance the customer experience, improve operational efficiency, and open up new revenue streams.
  2. Advanced Analytics and Reporting Capabilities: Print estimating software can leverage advanced analytics and reporting capabilities to provide valuable insights into print production processes, cost trends, and resource utilization. By analyzing these data, print service providers can identify areas for improvement, optimize workflows, and make data-driven business decisions.
  3. Adoption of Cloud-based Solutions: The adoption of cloud-based print estimating software solutions offers scalability, flexibility, and accessibility for print businesses. Cloud-based software eliminates the need for complex infrastructure and provides remote access to estimating and production data, enabling collaboration among team members and facilitating efficient remote work environments.
  4. Collaboration with Print Equipment Manufacturers: Collaboration between print estimating software providers and print equipment manufacturers can lead to the development of integrated solutions that optimize print production processes, reduce downtime, and enhance overall print quality. Such collaborations can offer added value to print businesses by ensuring compatibility and seamless integration between software and hardware solutions.

Market Dynamics

The global print estimating software market is influenced by several dynamics, including market trends, technological advancements, industry regulations, and customer preferences. Key dynamics driving the market include:

  1. Advancements indigital printing technology, such as high-speed inkjet and UV inkjet printing, are driving the demand for print estimating software that can effectively handle the complexities of these advanced printing technologies.
  2. Increasing focus on sustainability and eco-friendly printing practices is creating opportunities for print estimating software that can help optimize material usage, reduce waste, and minimize environmental impact.
  3. The emergence of hybrid printing solutions, which combine digital and conventional printing technologies, is influencing the print estimating software market. Print service providers are seeking software solutions that can seamlessly integrate both digital and offset printing processes.
  4. Integration with other software systems, such as customer relationship management (CRM), enterprise resource planning (ERP), and workflow automation tools, is becoming crucial for print businesses to achieve end-to-end automation and streamline their operations.
  5. The shift towards cloud-based solutions is gaining momentum in the print industry. Cloud-based print estimating software offers benefits such as scalability, accessibility, and remote collaboration, making it an attractive option for print businesses of all sizes.

Regional Analysis

The global print estimating software market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has its own market dynamics and growth factors influencing the adoption of print estimating software.

  1. North America: The North American market is driven by the presence of a large number of print service providers, technological advancements, and the demand for personalized and on-demand printing. The region has witnessed significant adoption of print estimating software, particularly in the United States and Canada.
  2. Europe: Europe is a mature market for print estimating software, with a high level of automation and technological sophistication in the print industry. The region emphasizes sustainability and eco-friendly printing practices, creating opportunities for software solutions that support these initiatives.
  3. Asia Pacific: The Asia Pacific region is experiencing rapid growth in the print industry, fueled by economic development, rising consumer demand, and increasing investments in printing technology. Print businesses in countries like China, Japan, and India are increasingly adopting print estimating software to enhance their operational efficiency and meet customer expectations.
  4. Latin America: The Latin American market for print estimating software is characterized by a growing print industry and increasing demand for customized and high-quality printing. Print businesses in the region are recognizing the need for software solutions that can help them streamline their operations and improve profitability.
  5. Middle East & Africa: The Middle East & Africa region is witnessing steady growth in the print industry, driven by the expanding advertising, packaging, and retail sectors. Print service providers in this region are investing in advanced technology and software solutions to meet the growing demand for high-quality printing.

Competitive Landscape

The global print estimating software market is highly competitive, with a mix of established players and emerging vendors offering innovative solutions. Key players in the market include software developers, technology providers, and print management companies. These players focus on product innovation, strategic partnerships, and customer-centric approaches to gain a competitive edge.

The competitive landscape is characterized by the presence of both global and regional players. Established software vendors have a strong market presence and offer comprehensive print estimating software solutions that cater to the diverse needs of print businesses. Meanwhile, smaller and niche players focus on specific market segments or offer specialized features to target specific customer requirements.

Key factors influencing the competitive landscape include product features, pricing strategies, customer support, scalability, and integration capabilities. Print service providers evaluate software vendors based on these factors to choose the most suitable print estimating software for their business needs.

Segmentation

The global print estimating software market can be segmented based on various factors, including deployment mode, end-user industry, and geography:

  1. By Deployment Mode:
    • On-premises: Print estimating software installed and operated on the customer’s premises.
    • Cloud-based: Print estimating software hosted on remote servers and accessed via the internet.
  2. By End-user Industry:
    • Commercial Printing: Print service providers offering a range of printing services to businesses and individuals.
    • Packaging Printing: Print service providers specializing in packaging materials for various industries.
    • Publishing: Publishers and media companies involved in book printing, magazine printing, and newspaper printing.
    • Others: Custom print shops, in-house print departments, and print brokers.
  3. By Geography:
    • North America: United States, Canada
    • Europe: United Kingdom, Germany, France, Italy, Spain, Rest of Europe
    • Asia Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
    • Latin America: Brazil, Mexico, Rest of Latin America
    • Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa

Category-wise Insights

  1. Job Estimation and Cost Calculation: Print estimating software allows print service providers to accurately estimate the costs of print jobs by considering factors such as materials, labor, equipment usage, and overhead expenses. The software automates the calculation process, reducing errors and ensuring accurate cost estimation.
  2. Resource Planning and Management: Print estimating software assists in resource planning and management by optimizing the allocation of materials, equipment, and labor for each print job. It helps print businesses efficiently utilize their resources, reduce downtime, and improve overall production efficiency.
  3. Production Workflow Optimization: Print estimating software streamlines production workflows by providing real-time visibility into job statuses, tracking materials and inventory, and automating task assignments. The software helps eliminate bottlenecks, reduce manual errors, and ensure timely delivery of print projects.
  4. Pricing and Quoting: Print estimating software enables print service providers to generate accurate quotes based on the estimated costs of a print job. The software takes into account various pricing factors, such as print quantity, size, paper type, finishing options, and delivery requirements, ensuring that the quotes are competitive and profitable.
  5. Reporting and Analytics: Print estimating software provides comprehensive reporting and analytics capabilities, allowing print businesses to analyze key performance indicators, monitor profitability, and make data-driven decisions. The software generates reports on cost analysis, job performance, resource utilization, and customer insights.

Key Benefits for Industry Participants and Stakeholders

  1. Enhanced Cost Estimation Accuracy: Print estimating software improves the accuracy of cost estimation by considering various cost factors and eliminating manual calculations. Print service providers can confidently provide accurate quotes to their customers, ensuring transparency and avoiding cost overruns.
  2. Increased Operational Efficiency: The automation and optimization features of print estimating software streamline print production workflows, reducing manual errors, and improving overall operational efficiency. Print businesses can save time, minimize waste, and meet project deadlines more effectively.
  3. Improved Customer Satisfaction: Accurate cost estimation, streamlined workflows, and timely project delivery contribute to enhanced customer satisfaction. Print estimating software helps print service providers meet customer expectations, deliver high-quality print materials, and provide a seamless customer experience.
  4. Better Resource Allocation: Print estimating software optimizes the allocation of resources, including materials, equipment, and labor, based on the requirements of each print job. Print businesses can maximize resource utilization, reduce downtime, and minimize production costs.
  5. Data-driven Decision Making: Print estimating software provides valuable data and insights through reporting and analytics capabilities. Print service providers can leverage this information to analyze performance, identify trends, and make informed business decisions for process improvement and growth.

SWOT Analysis

Strengths:

  • Accurate cost estimation and quoting capabilities
  • Workflow automation and optimization features
  • Integration with other print management systems
  • Enhanced reporting and analytics capabilities

Weaknesses:

  • Resistance to change and limited technical expertise within print businesses
  • Fragmented print industry with varying requirements and preferences
  • Cost of implementation and integration forsmaller print service providers

Opportunities:

  • Integration with web-to-print solutions for seamless order processing
  • Advanced analytics and reporting capabilities for data-driven decision making
  • Adoption of cloud-based solutions for scalability and accessibility
  • Collaboration with print equipment manufacturers for integrated solutions

Threats:

  • Competition from established software vendors and emerging players
  • Evolving customer preferences and market trends
  • Security and privacy concerns related to cloud-based solutions

Market Key Trends

  1. Increasing Demand for Personalized Printing: The demand for personalized print materials, such as customized marketing collateral and promotional items, is on the rise. Print estimating software plays a vital role in handling the complexities of personalized printing, including variable data printing and versioning.
  2. Integration with E-commerce Platforms: Print businesses are increasingly adopting e-commerce platforms to cater to online customers. Integration of print estimating software with e-commerce platforms enables seamless order processing, automated pricing, and real-time estimation, facilitating a smooth online shopping experience.
  3. Focus on Sustainability and Green Printing Practices: Environmental concerns are driving the adoption of sustainable printing practices. Print estimating software can assist print service providers in optimizing material usage, reducing waste, and selecting eco-friendly options, aligning with the industry’s sustainability goals.
  4. Emphasis on Automation and Artificial Intelligence (AI): Automation and AI technologies are transforming the print industry, and print estimating software is incorporating these technologies to enhance efficiency. AI algorithms can analyze historical data and patterns to improve cost estimation accuracy and optimize production workflows.
  5. Shift towards Hybrid Printing Solutions: Hybrid printing, which combines digital and conventional printing technologies, is gaining traction. Print estimating software needs to support the seamless integration of both digital and offset printing processes, ensuring efficient job estimation and production planning.

Covid-19 Impact

The Covid-19 pandemic had a significant impact on the global print industry, including the primary cells market. The restrictions imposed to curb the spread of the virus, such as lockdowns and social distancing measures, disrupted supply chains, reduced print volumes, and affected print businesses’ operations. However, the pandemic also accelerated certain trends that have influenced the adoption of print estimating software:

  1. Increased Focus on Online and Digital Channels: With physical stores and events being limited, businesses shifted their marketing efforts to online and digital channels. This led to increased demand for print materials tailored for digital marketing, such as direct mail campaigns and online advertisements. Print estimating software helped businesses accurately estimate the costs of these digital print projects.
  2. Demand for On-demand and Short-run Printing: The pandemic highlighted the importance of agility and quick turnaround times. Print service providers had to adapt to the changing market demands, offering on-demand and short-run printing services. Print estimating software enabled them to efficiently estimate the costs of these small-scale print projects while maintaining profitability.
  3. Need for Remote Collaboration and Automation: Remote work became the norm during the pandemic, requiring print businesses to adopt remote collaboration tools and automate their processes. Print estimating software with cloud-based capabilities facilitated collaboration among team members, enabling remote access to project information and real-time cost estimation.
  4. Focus on Cost Efficiency and Profitability: The economic uncertainties brought about by the pandemic increased the emphasis on cost efficiency and profitability. Print estimating software helped businesses optimize their print production processes, minimize waste, and accurately calculate costs to ensure profitability in a challenging market environment.

Key Industry Developments

  1. Technological Advancements: The primary cells market has witnessed technological advancements, including the development of more advanced print estimating software with enhanced features such as AI algorithms, cloud-based capabilities, and integration with other software systems. These advancements have improved the accuracy and efficiency of cost estimation and streamlined print production workflows.
  2. Strategic Partnerships and Acquisitions: Print estimating software providers have formed strategic partnerships and made acquisitions to expand their product offerings, enhance their capabilities, and enter new markets. These partnerships have resulted in the integration of print estimating software with complementary solutions, providing a more comprehensive print management ecosystem.
  3. Industry Collaboration and Standards Development: Print industry associations and organizations have collaborated to establish industry standards, best practices, and guidelines for print estimating software. These initiatives aim to promote interoperability, consistency, and transparency in the use of print estimating software across the industry.
  4. Adoption of Cloud-based Solutions: The shift towards cloud-based print estimating software solutions has gained momentum in recent years. Cloud-based software offers scalability, accessibility, and cost-effectiveness, allowing print businesses to leverage advanced features and functionalities without significant infrastructure investments.

Analyst Suggestions

  1. Embrace Automation and AI: Print service providers should embrace automation and AI technologies offered by print estimating software to streamline their operations, reduce manual errors, and improve overall efficiency. Investing in software solutions that incorporate AI algorithms can enhance cost estimation accuracy and optimize production workflows.
  2. Prioritize Integration and Collaboration: Integration of print estimating software with other print management systems, such as CRM and ERP software, is crucial for achieving end-to-end automation and seamless data flow across different departments. Print businesses should prioritize collaboration with software providers and equipment manufacturers to ensure compatibility and maximize the value of their software investments.
  3. Invest in Training and Technical Expertise: To fully leverage the capabilities of print estimating software, print service providers should invest in training and development programs to enhance their technical expertise. This will enable them to effectively utilize the software’s features, optimize workflows, and make data-driven decisions for better business outcomes.
  4. Stay Updated on Market Trends: Print businesses should stay updated on market trends, technological advancements, and changing customer preferences in the print industry. By keeping abreast of industry developments, they can identify new opportunities, adapt to market changes, and make informed decisions regarding the adoption and utilization of print estimating software.
  5. Leverage Data Analytics for Business Insights: Print estimating software provides valuable data and analytics capabilities. Print service providers should leverage these capabilities to gain insights into their production processes, customer preferences, and profitability. By analyzing this data, businesses can identify areas for improvement, make informed decisions, and drive business growth.

Future Outlook

The future of the global print estimating software market looks promising, with continued growth expected. Several factors will shape the market’s trajectory:

  1. Technological Advancements: The market will witness further technological advancements, including the integration of AI, machine learning, and predictive analytics into print estimating software. These advancements will enhance accuracy, automate complex tasks, and provide valuable insights for print businesses.
  2. Continued Shift towards Digital Printing: The ongoing shift towards digital printing, driven by its flexibility, personalization capabilities, and faster turnaround times, will contribute to the growth of print estimating software. The software will continue to evolve to support the complexities of digital printing processes.
  3. Demand for Sustainable Printing Practices: The emphasis on sustainability and eco-friendly printing practices will create opportunities for print estimating software that can optimize resource usage, minimize waste, and provide environmentally friendly alternatives.
  4. Integration with Emerging Technologies: Print estimating software will integrate with emerging technologies such as augmented reality (AR) and virtual reality (VR) to enhance the customer experience and enable interactive print materials. These integrations will offer new possibilities for print businesses to engage with their customers.
  5. Increased Adoption of Cloud-based Solutions: The adoption of cloud-based print estimating software solutions will continue to rise, driven by the benefits of scalability, accessibility, and cost-effectiveness. Cloud-based solutions will enable print businesses to leverage advanced features, collaborate remotely, and access their data from anywhere.

Conclusion

The global print estimating software market is witnessing significant growth, driven by the increasing need for cost-effective print production, streamlined workflows, and improved profitability. Print estimating software plays a vital role in accurately estimating project costs, optimizing resource allocation, and enhancing operational efficiency. The market is characterized by the presence of established software vendors and emerging players offering innovative solutions.

Key market drivers include the increasing demand for personalized printing, the adoption of digital printing technology, and the emphasis on cost efficiency and waste reduction. However, challenges such as resistance to change, cost of implementation, and the fragmented nature of the print industry need to be addressed.

Global Print Estimating Software Market:

Segmentation Details
Deployment Cloud-Based, On-Premises
Application Large Enterprises, SMEs
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Leading Companies in Global Print Estimating Software Market:

  1. EFI (Electronics For Imaging, Inc.)
  2. PrintMIS
  3. Ordant
  4. Avanti Systems International LLC
  5. Optima Graphics, Inc.
  6. PrintPLANR
  7. Accura MIS
  8. Tharstern Limited
  9. DocketManager
  10. Aleyant Systems, LLC

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

Why Choose MWR ?

Quality Research

Our goal is to provide high-quality data that stimulates growth and creates a win-win situations.

Unlimited User Access

We offer Corporate User license access on all our reports in which you can share the report with your entire team without any restrictions.

Free Company Inclusion

We give you an option to include 3-4 additional company players of your choice in our report without any extra charges.

Post Sale Assistance

Unlimited post sales service with an account manager dedicated to making sure that all your needs are met.

Covid-19 Impact Analysis

All our research report includes latest Covid-19 Impact and its analysis.

Client Associated with us

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

Client Testimonials

GET A FREE SAMPLE REPORT

This free sample study provides a complete overview of the report, including executive summary, market segments, competitive analysis, country level analysis and more.

error: Content is protected !!
Scroll to Top

444 Alaska Avenue

Suite #BAA205 Torrance, CA 90503 USA

+1 424 360 2221

24/7 Customer Support

Download Free Sample PDF
This website is safe and your personal information will be secured. Privacy Policy
Request for Discount
This website is safe and your personal information will be secured. Privacy Policy
Speak to Analyst
This website is safe and your personal information will be secured. Privacy Policy

Download Free Sample PDF