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

Print management involves the oversight and optimization of a company’s printing devices, networks, and infrastructure. This includes everything from selecting the right printers and supplies to monitoring print usage and implementing cost-saving measures. While it may seem like a mundane task, effective print management can yield significant benefits for businesses of all sizes.

One of the most obvious advantages of print management is cost savings. By consolidating printers, setting printing quotas, and tracking usage, organizations can reduce their overall printing expenses. This is especially important as printing costs can quickly add up, particularly in high-volume printing environments. Implementing policies such as duplex printing and setting default print settings to black and white can also help cut down on costs. Ultimately, effective print management can lead to improved budget management and a more efficient use of resources.

In addition to cost savings, effective print management can also contribute to enhanced security and compliance. With the rise of cyber threats and data breaches, securing sensitive information is of utmost importance. Print management solutions can offer secure printing options, such as user authentication and encryption, to protect confidential documents. Furthermore, many regulations and compliance standards, such as the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR), require organizations to have strict controls over how and where data is printed. By managing and monitoring print activities, companies can ensure they are meeting regulatory requirements and safeguarding sensitive information.

Furthermore, print management can lead to improved efficiency and productivity within an organization. By optimizing print workflows and reducing printing bottlenecks, employees can spend less time troubleshooting print issues and more time focused on their core responsibilities. For instance, proactive maintenance of printers can help prevent downtime and ensure that devices are functioning at their peak performance. Additionally, remote printing capabilities can enable employees to print from anywhere, promoting flexibility and collaboration among team members. Ultimately, efficient print management can streamline business processes and create a more productive work environment.

Moreover, print management can also have a positive impact on environmental sustainability. With rising concerns about climate change and environmental conservation, businesses are increasingly looking for ways to reduce their carbon footprint. By implementing print policies that promote paperless practices, such as digital workflows, electronic forms, and strict print monitoring, companies can reduce their paper consumption and overall waste. Additionally, print management solutions can enable organizations to track their environmental impact through carbon footprint reporting and energy usage monitoring.

In conclusion, while print management may not be the most glamorous aspect of running a business, its utility cannot be understated. From cost savings to improved security to enhanced productivity, effective print management can bring a multitude of benefits to organizations. As technology continues to evolve, businesses must recognize the importance of print management and the role it plays in optimizing their print infrastructure. By embracing print management best practices and investing in the right tools and solutions, companies can take control of their print environment and realize the full potential of their printing resources.

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