According to the new reportpublished by Industry Research Place Global Print on Demand Software Market is valued at USD 1506.93 Million in 2020 and is expected to reach USD 8343.46 Million by 2026 with the CAGR of 32.97 % over the forecast period.
This report analyses the global market for Print on Demand Software. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
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Impact of COVID-19 on Global Print on Demand Software Market
As COVID-19 remains to shape the world we live in, increasing number of consumers turning to e-commerce to make their purchases from the convenience and safety of their homes. Unsurprisingly, this has led to an increase in the number of individuals starting their own online business.
A growing number of ecommerce businesses invite consumers to play a part in the product creation process. And customers are asking for it. In fact, 1 in 5 consumers are willing to pay 20% more for a personalized or exclusive product. This participation and the level of affection consumers feel towards personalized products, shows an uptick in the number of businesses offering this.
Ongoing need for social distancing will show greater momentum for online shopping. The overall user experience of online shopping including features like fast delivery, customer support, and user friendly interface has encouraged its acceptance and driven a whopping estimated year-over-year growth of 44.5%.
Platforms like Shopify and Etsy empowering individuals to start a business overnight, it is no amazement to see ecommerce booming, as millions of entrepreneurs have created online shops, including for the print on demand (POD) market, across several platforms. For example, eBay hosts millions of buyers and sellers and saw an increase of eight million buyers in Q2 2020. Shopify, which reports more than one million businesses on its platform, claims to be the third-largest U.S. online retailer. In May 2020, Etsy reported an increase of 26.4% in its active seller base over the year prior. As Printify’s monthly average user (MAU) count has seen triple-digit growth from 2019 to 2020.
The market growth for POD software is expected to grow as many peoples are looking for passive income through opening online business, while working from home by opening online store. Considering the trend companies should introduce user friendly, easy ecommerce integrations plugins to ease the common population to channelize the business models.
Print on demand software market is fragmented and very competitive and consists of several small players. The companies operating in the market are leveraging on strategic collaborative initiatives through offering integrations to ecommerce platforms, to offer specialized service, increase their market share and increase their profitability.
This report highlights the impact of the Covid-19 pandemic on Global Print on Demand Software Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Print on Demand Software Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
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Cloud-based computing (also called Software as a Service, or SaaS) provides facility that lets users access to software applications that run on shared computing resources (for example, processing power, memory, and disk storage) via the Internet. These computing resources are maintained in remote data centers dedicated to hosting various applications on multiple platforms.
The Cloud based segment accounted for the revenue share of over 80.81% in 2020. The Cloud based segment in terms of revenue is estimated to grow from USD 915.51 million in 2019 to USD 5119.81 million by 2025.
Enterprises can be classified in different categories according to their size; for this purpose, different criteria may be used, but the most common is number of people employed. If consider the employment parameter to define the enterprise, large enterprises employ 250 or more people for its operations.
The Large enterprises segment in terms of revenue is estimated to grow from USD 421.84 million in 2019 to USD 2341.66 million by 2025. The small and medium-sized enterprise segment accounted for the revenue share of over 62.81% in 2020. The small and medium-sized enterprise segment in terms of revenue is estimated to grow from USD 713.88 million in 2019 to USD 3910.28 million by 2025. Global Print On Demand Software Market in terms of revenue is dominated by North America with the highest market share of 41.39% in 2020 and projected to reach at revenue of USD 2614.20 Million in 2025 at CAGR of 33.24% in the forecast period 2020-2025.
Above mentioned companies were scrutinized to assess competitive landscape of Global Print on Demand Software Market. Report provides company profiles of each player. Each profile include company product portfolio,business overview, company governance, company financials, business strategies, manufacturing locations and production facilities, company sale, recent developments and strategic collaborations & partnerships, new product launch, company segments, application diversification and company strength and weakness analysis.
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The competition within print on demand is tough. This is because equated to just a few years ago; it’s become so much easier to create an online print on demand store. Certainly, more people are doing it. In recent times, there has been a significant rise in the adoption of POD software in the ecommerce sector due to the simple process and low cost of adoption.
Print on demand in Europe as a business model is quickly becoming the norm for many these days. The platforms available and the types of products seller can sell with POD have also grown massively. From mugs to t-shirts to phone cases and shoes, there is very little you can’t put your own personalized style on.
Market seems more competing as market leaders are expanding facility and tries to provide quality product at competitive price with service as a prime focus. All major POD service providers have their fulfillment centers in major cities of North America and Europe to provide the seamless service to the client.
•An overview of the Global Print on Demand Software Market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global Print on Demand Software Market revenue data historic and forecast analysis (2016 to 2026)
•Characterization and quantification of the market segments for Print on Demand Software Market
•Market share analysis of key market participants and their competitive landscape
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Important Questions Answered by Global Print on Demand Software Market Report
•What is the impact of COVID 19 epidemic on the Global Print on Demand Software Market?
•Which is mostly affected region, country?
•Which is the current largest and fastest-growing region?
•What is the market size and growth rate of the Global Print on Demand Software Market?
•What are current factors affecting the growth of market?
•What are Key trends and opportunity areas?
•Within Print on Demand Software Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
•What are the major strategies adopted by leading market companies?
•What are company challenges and essential success factors by market segment?
•How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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