Print Management Statistics

Print Management Statistics 2023: Facts about Print Management are important because they give you more context about what’s going on in the World in terms of Print Management.

LLCBuddy editorial team scanned the web and collected all important Print Management Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Print Management Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Print Management? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Print Management Statistics of 2023.

How much of an impact will Print Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Print Management related questions here.

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Top Print Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Print Management Statistics on this page 🙂

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Print Management “Latest” Statistics

• Print and its services are mentioned in 50% of all support desk calls. These calls consume 15% of a company’s help desk time.^[1]
• IDC estimates that 23% of help desk calls are about printers. The Gartner group has discovered that many businesses may cut their printing costs by 10% to 30%.^[1]
• Few people are aware, for instance, that corporations often squander 14% of their income on documents and printing.^[1]
• in the 1990s, at a low fixed cost per page, your office copier likely generated 80%–90% of the hard-copy output in your workplace. 37 to 41% of costs associated with printing stay away from formal procurement approval.^[1]
• According to IDC, document expenditures consume 5% to 15% of the typical firm’s yearly income.^[1]
• 54% of IT decision-makers over 54 years old do not feel that print is still important in 2022.^[1]
• From 2020 to 2030, the overall employment of advertising, promotions, and marketing managers is anticipated to increase by 10%, nearly as quickly as the national average for all professions.^[1]
• The cost of printing accounts for 1% to 3% of a company’s entire income and significantly raises operational expenses.^[1]
• 7.5% of documents cannot be located in document storage, and 3% of all documents are lost in files.^[1]
• The Gartner Group has noted a rise in savings of up to 30% if businesses focus on reducing their financial waste and use print management solutions.^[1]
• Every year, the quantity of paper needed for printing increases by 21%. By neglecting printing expenses, 30% of savings are lost.^[1]
• The typical IT department spends 15% of its time addressing printing-related problems, including but not limited to network connection and user support software compatibility.^[1]
• Businesses simply disregard 40% of printing expenditures, and two-thirds never keep track of them.^[1]
• The U.S. printing industry’s revenue fell by 14.4% in 2020.^[1]
• They are unaware that printing consumes and wastes 40% of their money. 90% of businesses are unaware of the number of printers they have in their offices.^[1]
• Although internal process reorganization and development may be difficult and time-consuming, a managed print service can handle all that and leave you up to 30% more in your print budget than before.^[1]
• With a 20% decrease in toner used when you mix all of them, the total IT spending will significantly decrease.^[2]
• Imagine what those teams could do if they received 14% of their money back, and that’s only the beginning.^[2]
• Find out more about how using an MPS may improve print security and reduce printing-related expenditures by 20%-30%.^[2]
• Managed print causes a 10% to 15% reduction in output waste and a 30% decrease in energy use.^[2]
• By 2025, 81% of SMBs suppose that digitizing paper-based processes will be necessary for pushing their organizations’ digital revolution.^[3]
• 59% of businesses experienced a print-related data fell in 2019.^[3]
• According to Gartner, a company’s entire print expenses, including hardware upkeep, consumables, and support, account for between 1% to 3% of its overall revenue.^[4]
• The Governor of Illinois challenged Hal Waggoner, acting CIO, to reduce printing costs by 10%.^[4]
• Office printing is still an underutilized source of savings; by actively controlling it, costs may be reduced by 10% to 30%.^[4]
• By using a printing characteristic known as bleed for ink printing or smear for laser printing to fill in the gaps left by the missing pixels, the device may erase around 30% of the pixels a printer would typically produce.^[4]
• When a drop of ink or toner applies to paper, it may enlarge by 10% to 30% of its initial diameter.^[4]

Also Read

How Useful is Print Management

First and foremost, print management helps organizations reduce costs associated with printing. By implementing print management solutions, businesses can track printing activities, set printing quotas, and make informed decisions about their printing practices. This can lead to significant cost savings by reducing unnecessary printing, enforcing print restrictions, and identifying opportunities for improvement.

Moreover, print management allows organizations to optimize their printing workflows for increased efficiency. By automating print processes, eliminating manual intervention, and centralizing print management, businesses can streamline their printing operations and improve overall productivity. This not only saves time and effort but also enhances the overall printing experience for employees and customers alike.

Another key benefit of print management is the enhanced security it provides for printed documents. With the rise of cyber threats and data breaches, protecting sensitive information is more important than ever. Print management solutions offer features such as secure print release, user authentication, and encryption to ensure that confidential documents are not compromised during the printing process. By safeguarding sensitive information, organizations can mitigate the risk of data breaches and maintain compliance with regulatory requirements.

In addition to cost savings, efficiency improvements, and enhanced security, print management also enables organizations to reduce their environmental impact. By implementing print policies that promote double-sided printing, encourage digital workflows, and limit unnecessary printing, businesses can minimize paper waste, conserve resources, and promote sustainability. This not only benefits the environment but also aligns organizations with corporate social responsibility initiatives.

Furthermore, print management plays a crucial role in ensuring compliance with industry regulations and standards. Many organizations are subject to legal requirements regarding data privacy, document retention, and information security. Print management solutions help businesses monitor and enforce compliance by tracking printing activities, managing document access, and auditing print processes. This not only helps organizations meet regulatory obligations but also protects them from potential liabilities associated with non-compliance.

Overall, print management is an essential tool for organizations seeking to optimize their printing practices, reduce costs, enhance efficiency, strengthen security, promote sustainability, and ensure compliance. By leveraging print management solutions, businesses can achieve greater control over their printing operations, maximize the value of their printing investments, and create a more secure and efficient printing environment. As technology continues to evolve and organizations face increasing challenges in managing their print infrastructure, print management remains a critical component of successful business operations.

In conclusion, print management is not just a useful tool; it is a necessary one for organizations looking to stay competitive in today’s digital age. By implementing effective print management strategies, businesses can unlock a range of benefits that support their goals for cost reduction, efficiency improvement, security enhancement, environmental sustainability, and regulatory compliance. As organizations continue to navigate the complexities of modern printing practices, print management will undoubtedly remain a valuable asset for achieving optimal outcomes in their print operations.

Reference

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1. webinarcare – https://webinarcare.com/best-print-management-software/print-management-statistics/
2. imageoneway – https://www.imageoneway.com/blog/three-printing-stats-that-are-terrifying-to-your-it-budget
3. impactmybiz – https://www.impactmybiz.com/blog/blog-print-management-benefits/
4. networkworld – https://www.networkworld.com/article/2179692/the-savings-from-print-management-is-like-picking-low-hanging-fruit.html