Managed Print Services Market Projected to Register 10.3% CAGR to 2025 | Xerox, HP, Ricoh Company, Lexmark International, Konica Minolta, Canon, Kyocera Document Solutions, Sharp Electronics, Toshiba

Managed Print Services Market

Managed print services are services offered by an external provider to manage or optimize a company's document output. The main components provided are needs assessment, selective or general replacement of hardware, and the service, parts, and supplies needed to operate the new or existing hardware. The provider also tracks how the printer, copier, fax, and MFP fleet is being used, the problems, and the user's satisfaction. Managed Print Services (MPS) help the organizations to save costs, ease printer maintenance, provide control on printer resources, and provide insights on printer utilization. The global managed print services market size was valued at $27,500 million in 2017 and is projected to reach $59,709 million by 2025, growing at a CAGR of 10.3% from 2018 to 2025.

Rise in adoption of big data solutions, initiatives to decrease paper wastage in the workplace, reduced cost of operation, improved productivity and flexibility to match custom requirements and surge in information security are the factors that drive the growth of the market. However, new and strategic partnerships & agreements and recurring cost act as major deterrents to the market growth. Furthermore, increase in print security spending and rise in adoption of cloud MPS is believed to create significant demand for the managed print services market.

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Key Players of Managed Print Services Market:
Xerox, HP Inc., Ricoh Company, Ltd., Lexmark International, Inc., Konica Minolta, Inc., Canon Inc., Kyocera Document Solutions, Sharp Electronics, Toshiba, and ARC Document Solutions

Global Managed Print Services Market Analysis to 2025 is a specialized and in-depth study of the Managed Print Services industry with a focus on the global market trend. The report aims to provide an overview of global Managed Print Services Market with detailed market segmentation by product/application and geography. Managed Print Services Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

The global managed print services market is segmented based on type, deployment mode, organization size, industry vertical, and region. In terms of type, the market is categorized into print management, device management, discovery and design, and document imaging. Based on deployment mode, it is bifurcated into hybrid cloud and on premise. Based on organization size, it is classified into large enterprises, medium enterprises and small enterprises. In terms of industry vertical, the market is classified into BFSI, government, healthcare, education, industrial manufacturing, retail, food & beverages, IT & telecom and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits:

  1. This study comprises the analytical depiction of the global Managed Print Services (market along with the current trends and future estimations to depict the imminent investment pockets.
  2. The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  3. The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  4. Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Table of Contents:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Managed Print Services Market, By Type
Chapter 5 Managed Print Services Market, By Application
Chapter 6 Managed Print Services Market, By End User
Chapter 7 Managed Print Services Market, By Geography
Chapter 8 Company Profiles

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