The State Of Print Security Statistics And Trends [2023 No.]

I’ve compiled a list of insightful state of print security statistics and trends; a brief overview is provided below.

Print Security: Statistics And Trends

68% of organizations have experienced data losses due to insecure printing practices in the past 12 months.
The average cost of a print-related data loss is over $700,000 for US organizations.
73% of mixed-fleet printer companies reported data breaches.
64% of organizations will continue to view printing as critical or very important over the next 12 months.
34% of organizations are concerned about printing sensitive and confidential records.
70% of organizations expect to increase their print security spending in the next 12 months.
Only 26 feel completely confident that their print infrastructure is secure.
61% of CIOs and 44% of CISOs say print security demands are increasing.
The security printing market is expected to grow from USD 33.22 billion in 2023 to USD 40.83 billion in 2028, a 4.21% CAGR.
54% of ITDMs rely on a Managed Security Service Provider for both print and IT security.

Sources: (Quocirca, Xerox, Safeq, MyQ Solutions, Mordor Intelligence.)

Significance of the Data: Very High

Mentioned By: Data Patrol, MyQ Solution, Pae Business, Industry Analysts, Frontier Enterprise, Computer Weekly, and more.

What does the data Suggest	Justification
Secure printing practices are a pressing concern for many organizations.	A significant majority have faced data losses due to existing vulnerabilities.
It’s imperative for organizations to address and rectify insecure printing protocols.	Ignoring this issue can lead to continued data breaches, compromising both trust and proprietary information.
Insecure printing is a clear and present risk in the current operational landscape.	The notable percentage of affected organizations underscores the urgency of remedial actions.

Significance of the Data: Very High

Mentioned By: Marconet, Lexmark, Industry Analysts, Xerox, Computer Weekly, Invenio It, and more.

What does the data Suggest	Justification
Print-related data losses have staggering financial implications for US organizations.	The considerable average cost emphasizes the grave monetary repercussions of such breaches.
It’s paramount for organizations to invest in secure printing solutions.	Failing to address this can result in financial burdens far exceeding the initial investment in security.
The economic stakes of neglecting print security are unambiguously high.	With such an elevated average cost, proactive measures are not just advisable, but imperative.

Source: Xerox

Significance of the Data: Very High

Mentioned By: Marconet, Xerox, Toshiba, Y Soft, Extra Hop, Annual Reports, and more.

What does the data Suggest	Justification
Mixed-fleet printer environments present significant data security risks.	The majority of such companies have faced the repercussions of data breaches.
It’s crucial for mixed-fleet printer companies to bolster their security measures.	Given the alarming breach rate, taking preventative action is both logical and necessary.
Data vulnerabilities in mixed-fleet printer settings are a pressing concern.	The substantial percentage of affected companies underscores the urgency of addressing this challenge.

Significance of the Data: High

Mentioned By: Computer Weekly, Spiceworks, Lexmark, and more.

What does the data Suggest	Justification
Printing remains an essential function for a significant majority of organizations.	Most entities recognize and uphold its pivotal role in their operations.
Organizations must ensure their printing infrastructure is robust and efficient.	The sustained importance of printing mandates a proactive approach to its management and optimization.
The centrality of printing in the business landscape is undiminished.	The marked percentage reinforces its sustained significance in organizational strategies.

Source: Safeq

Significance of the Data: Medium

Mentioned By: Brother USA, CDM Media, JSTOR, 3M, and more.

What does the data Suggest	Justification
A sizable fraction of organizations perceive printing as a potential risk for data confidentiality.	Over a third of entities acknowledge the vulnerabilities associated with printing sensitive records.
Enhanced print security measures should be a priority for organizations.	Given the recognized concerns, addressing potential threats becomes a strategic necessity.
While printing is indispensable, its inherent risks demand attention.	The noted percentage underscores the need for businesses to remain vigilant and proactive in safeguarding their data.

Significance of the Data: Very High

Mentioned By: Quocirca, Myq Solution, Printer Logic, Ezeep, Lexmark, Mckinsey & Company, and more.

What does the data Suggest	Justification
Print security is emerging as a top investment priority for many organizations.	A significant majority have recognized the need and intend to allocate more resources.
Organizations should align their budgets to bolster print-related defenses.	The prevailing trend indicates that print security is not just a choice, but a necessity.
Print security spending is on an upward trajectory in the business landscape.	The robust percentage signifies a collective acknowledgment of the imperatives of safeguarding print operations.

Significance of the Data: Low

Mentioned By: Kyocera Document Solutions, Dark Reading, MyQ Solution, Computer Weekly, Lexmark, and more.

What does the data Suggest	Justification
A vast majority of organizations harbor concerns regarding their print infrastructure security.	With only a small fraction expressing full confidence, vulnerabilities seem prevalent.
It’s imperative for organizations to reassess and fortify their print security measures.	The limited confidence underscores a pressing need for more robust protection mechanisms.
Print infrastructure security stands out as a notable point of vulnerability in the enterprise domain.	The starkly low percentage accentuates the urgency to address and rectify potential security gaps.

Significance of the Data: High

Mentioned By: Xerox, Mps Monitor, Computer Weekly, Dark Reading, Mj Flood, Cso Online, Check Marx, and more.

What does the data Suggest	Justification
Print security is escalating as a priority, especially among CIOs and CISOs.	A clear majority of these top executives recognize the growing demands in this domain.
Organizations should heed the insights of their leadership and enhance print security protocols.	When pivotal decision-makers note a trend, it typically signifies an operational imperative.
The urgency surrounding print security is becoming increasingly pronounced in the executive echelon.	The differential but significant percentages from both roles highlight the broad-based concern in the enterprise landscape.