What is PDF Software Market?
PDF stands for ‘Portable Document Format’, which is a file format used to represent files such as images and text formatting. The PDF software is one of the application software which can be used on premise as well as cloud. It enables users to view, manipulate, print, create and manage files in the PDF format. The basic PDF software are available in both mobile and desktop platforms. Number of PDF software providers offer paid PDF subscriptions with some additional features. Their used on both platforms of premise and cloud, offer higher market share, and rising adoption by business units, is expected to promote growth of the market over the forecast period.
The market study is being classified by Type (PDF Converters, PDF Editors, PDF Creators, PDF Readers and PDF Managers), by Application (IT Solutions, BFSI Solutions, Government Solutions, Legal Solutions and Healthcare Solutions) and major geographies with country level break-up.
Nuance Communications (United States), Nitro Software Inc. (United States), Adobe Inc. (United States), Foxit Software (United States), progeSOFT (Switzerland), WebSupergoo Software (United States), pdfforge GmbH (Germany), NCH Software (Australia), Visagesoft (Greece) and ABBYY (Russia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are JotForm (United States), Tracker Software Products (Canada), Readdle (United States), PlotSoft LLC (United States) and Quantisle Ltd. (United Kingdom).
Initially, Global PDF software market was showing strategic monopoly due to presence of PDF software industry giant, Adobe which has invented the portable document format (PDF). The Adobe Company captures the highest market share due to its strategic agreements with operating system providers such as Microsoft Windows. Over the last decade, it has been witnessed that small players are entering the market. This is attributed to availability of skilled manpower, increasing interest of individuals in IT, and growing investment ventures within the industry. Thus, the global PDF software market is expected to be fragmented by the end of the forecast period. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global PDF Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global PDF Software market by Type, Application and Region.
On the basis of geography, the market of PDF Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Comparatively Minimal Memory Requirements
- Customized Security Settings Available
- Popularity and Compatibility of PDF formats
- PDF Software Incorporated with Machine Learning
- On cloud PDF Platforms
- Personalized Viewing Options according to Changing Consumer Preferences
- Paid Subscriptions
- Majorly offers Read Only Formats
- Technical drawbacks such as Text being Treated as Picture
- Strategic Alliances with Number of Operating System Platform Providers
- Minimizing the Paid Subscription Fees
- Provision of Customized Enterprise Edition
- High Competition due to Globalization
- Integration and Interface Issues
- Complex and Multiple Consumer Requirements
- Lower Profit Margins
Market Leaders and some development strategies
On September 20, 2018, Adobe announced that, it has entered into an agreement to acquire Marketo, the leading cloud based platform for business to business market engagement. The deal was established for 4.75 billion USD dollars. Moreover, on May 21, 2018, Adobe has acquired Magento, which is an open-source e-commerce platform written in PHP.
Key Target AudiencePDF Software Providers, PDF Software Distributors and Traders, Other Software Companies, End Users, Government and Private Research Agencies and Others
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