NEW YORK, Jan. 17, 2022 /PRNewswire/ -- The web-to-print (W2P) market value is set to grow by USD 528.71 million, progressing at a CAGR of 7.99% from 2020 to 2025, as per the latest report by Technavio.
The demand for web-to-print (W2P) is increasing significantly, especially in developing regions such as APAC. This can be attributed to increasing literacy rates coupled with initiatives undertaken by governments to promote education. For instance, with the Digital India campaign, the Government of India is focusing on enhancing the scope of technologies in the country. In addition, the increase in the number of schools and colleges in rural India is increasing the adoption of technology in education. Moreover, the high untapped potential in such developing countries is attracting new players and resulting in an increase in the number of strategic alliances among vendors.
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Web-to-print (W2P) Market: Advantages of print on demand (POD)
POD serves as a cost-effective solution for low-quantity orders for both independent and corporate publishers. It offers publishers the flexibility to keep pace with changing dynamics along with faster turnaround times. Also, POD enables publishers to offer superior-quality products along with improved customer support compared with traditional print orders. Many such benefits are increasing the preference for POD, which is supporting the growth of the global web-to-print market.
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Regional Market Analysis
With 51% of the growth originating from Europe, the region will record a slower growth rate during 2020-2025.
Europe is expected to exhibit moderate growth during the forecast period. The increased consumption of printed gift products such as photo books and customized stationery in countries such as France, the UK, and Germany is the major factor driving the growth of the web-to-print market in Europe. The market in the region has reached the maturity stage and is observing a shift in the preference from print to e-books. Also, the ongoing digital transformation of various sectors across Europe is increasing competition for market players. Germany, the UK, and France are the key markets for web-to-print in Europe.
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Web-to-print (W2P) Market: Segmentation Analysis
This market research report segments the web-to-print (W2P) market by application (print media and advertising and personalized products).
By application, the demand for web-to-print was significant from the print media and advertising industry. The increasing use of printing machines for quick print document services such as posters, brochures, and flyers is driving the growth of the segment. Also, the increasing use of printing solutions for printing newspapers, magazines, periodicals, manuals, and marketing materials is contributing to the growth of the segment. However, the increasing spending on internet advertising will have a negative impact on the growth of the print media and advertising segment during the forecast period.
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Commercial Printing Market by Application, Service and Geography - Forecast and Analysis 2021-2025
Web-to-Print Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.99% |
Market growth 2021-2025 |
USD 528.71 million |
Market structure |
Fragmented |
YoY growth (%) |
7.65 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 51% |
Key consumer countries |
US, Germany, UK, France, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Agfa-Gevaert NV, Aleyant, Amazing Print Corp., Electronics For Imaging Inc., HP Inc., Quark Software Inc., Quarterhouse Software Inc., Racad Tech Inc., Red Tie Ltd., and Xerox Holdings Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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