Global Managed Print Services (MPS) Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Managed print services (MPS) program designed to provide efficient working methods and optimise the company’s print environment by shifting the management and responsibility of device monitoring, supply. MPS provides real time solutions and results to reduce administrative costs while increasing productivity.

Global Managed Print Services (MPS) Market Segments Size & Growth:

Global managed print services (MPS) market is accounted for $28.99 billion in 2017 and estimated to grow at a CAGR of 8.5% during the forecast period of 2019-2025 to reach $55.68 billion by 2025. Some of the major factors propelling the growth of the managed print services market are owing to accelerating deployment rate in big data solutions, rapid rise in technological solutions, lowering the operational cost, initiatives from organisations to reduce paper wastage, reduction in printer fleet, enhancing authentication and security, improving managed sprint services efficiency and reduced electricity consumption. However, emerging changes from traditional to digitised workflow, expenditure for long term recurrence, uncertainty in the effectiveness of managed print services, rising privacy and security issues and strategic partnerships are the major factors restraining the growth of the market. Emerging initiatives on business, providing networking opportunities and enhancing cloud services are expected to boost demand for managed print services (MPS) market.

Global Managed Print Services (MPS) Market Segments Share:

From global managed print services (MPS) market, channel segment is classified into printer/copier manufacturers, channel partner/core MPS provider, independent software vendors and system integrators/resellers. Printer/copier manufacturers dominated the global managed print services (MPS) channel market as increasing need for printing devices due to exploring businesses or specialist providers. By deployment mode, hybrid cloud is anticipated to grow at the highest CAGR due to the benefits such as gaining comfortable and flexible middle grounds to ensure all workloads for cost effectively. Based on organisation size, global managed print services (MPS) market are segregated into small and medium enterprises, large enterprises. Among end users, BFSI drives the growth of the managed print services market due to the wide use of papers for loan applications, new account opening and other purposes.

By Geography, North America held as largest market share in 2017 due to increasing enormous range of start-ups, increasing demand for managed print services and favourable government policies. The Asia Pacific is projected to witness significant growth over the forecast period for increasing industrialisation, need for high end technologies and adoption of cloud based services.

Global Managed Print Services (MPS) Market Segments Trends:

• In January 2018, Konica Minolta announced regarding collaborations with two domestic manufacturing subsidiaries of chemical products for business technologies to facilitate innovations in production technology.
• In September 2018, Lexmark International has introduced the availability of Lemark training and certification for manufacturing a cloud based solution.

Global Managed Print Services (MPS) Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.

The major key managed print services (MPS) market leaders are:

• Canon, Inc.
• Lexmark International, Inc.
• Xerox Corporation
• Konica Minolta, Inc.
• Kyocera Corporation

Along with these companies, there were many other companies considered/cited in the report while analysing the global managed print services (MPS) market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.