Dublin, May 12, 2023 (GLOBE NEWSWIRE) — The “Global PDF Editor Software Market 2023-2030” report has been added to ResearchAndMarkets.coms to offer.
The global PDF editor software market is expected to grow at a CAGR of 8.2% during the forecast period. The move to paperless workflows, the need for electronic documents, and the need for software that can handle document security and compliance are all factors driving the development of the PDF editor market.
Various government and commercial entities use this software to process and modify documents. It is also a valuable tool for individuals as it can be used to sign documents online and upload them to a government or private website. Governments are also moving towards digitization and demand online processing of any form of personal paperwork. As a result of these factors, the market is predicted to experience significant growth over the forecast period.
Segmental outlook
The global PDF editor software market is segmented by type and end users. Based on type, the market is split into web-based and on-premise. On the basis of end-users, the market has been split into SMEs (Small and Medium Enterprises), Large Enterprises and Individuals.
Among the types, the web-based segment of PDF editing software is expected to hold the largest market share.
Web-based PDF editing software, also known as cloud-based software, allows users to access the software through a web browser, without having to install any software on their local computer.
This type of software offers benefits such as accessibility from any device with an internet connection, automatic updates, and the ability to collaborate on documents in real time. These benefits make web-based PDF editing software popular with companies with remote or distributed teams.
The SME segment has a prominent share in the global PDF editor software market
On the basis of end-users, the market has been split into SMEs (Small and Medium Enterprises), Large Enterprises and Individuals. Of these companies, SMEs are probably the most likely users of PDF editing software. This is because many businesses rely on PDF documents for various purposes, such as contracts, invoices, and marketing materials.
PDF editing software allows businesses to easily and efficiently create, edit and share these documents. Large enterprises also make extensive use of PDF editing software, especially those dealing with large volumes of documents. However, they may have their own in-house software solutions or more complex workflows involving multiple software tools. As a result, the SME segment is expected to hold the largest market share during the forecast period.
Regional outlook
The global PDF editor software market has been segmented on the basis of geography, including North America (USA and Canada), Europe (Italy, Spain, Germany, France and others), Asia Pacific (India, China, Japan, South Korea and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirements.
Among the regions, the Asia-Pacific region is expected to generate the largest market share, followed by the Middle East and Africa markets. The growth of the PDF editing software market in the Middle East and Africa can be attributed to a combination of factors, including the increasing adoption of technology, a need for greater efficiency, growth in the education sector and a shift to remote working.
The Asia-Pacific region is expected to dominate the global PDF editor software market
The main driver of the market in this region is the growth of SMEs. According to Development Asia, an initiative of the Asian Development Bank, SMEs play an important role in boosting economic activity across Asia and the Pacific. In many countries, they accounted for more than 90.0% of enterprises, 60.0% to 70.0% of employment, and more than 50.0% of output by 2021. In addition, the increasing adoption of technology in the entire region, the growing education sector and the adoption of digital solutions by governments and regulators are some other factors supporting the growth of the market. In addition, COVID-19 has also increased the use of digital solutions in the education sector and in business.
Market players prospect
The key companies serving the global PDF editor software market include Adobe Inc., Nitro Software Inc., Foxit Software Inc., Nuance Communications Inc. These companies contribute significantly to the growth of the market by adopting various strategies including mergers and acquisitions, partnerships, collaborations, investments and new product launches to remain competitive in the market.
For example, in October 2022, Firefox updated its browser with the Firefox 106 release. This version of Firefox allows users to edit and markup PDF files, including the ability to add text, signatures, drawings, and checkboxes. To make the necessary adjustments, users can simply open a PDF file in Firefox and use the formatting options in the top right corner of the interface. Users can fill in existing fields or add a text box for additional comments, or even add a signature. In addition, users have the option to set Firefox as their default PDF browser.
Main topics:
1. Summary of the report
2. Market overview and insights
3. Competitive landscape
4. Market Segmentation
5. Regional analysis
6. Company Profiles
A selection of companies mentioned in this report includes
ABBYYApryse Systems Inc.Adobe Inc.Foxit Software Inc.Informer Technologies, Inc.Code Industry Ltd.Nitro Software, Inc.Nuance Communications, Inc.Avanquest SoftwareQoppa SoftwareSejdaBVSmallpdfAGSodaTracker Software ProductsWondershare
For more information on this report, please visit https://www.researchandmarkets.com/r/6i07lu
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