About Managed Printing Services
Managed Printing Services are services which let the enterprises better manage or optimize their documentation related work. The service aims at reducing costs and improving productivity as well as efficiency of an enterprise by outsourcing through managed printing services. The components involved are hardware, services, and software either cloud based, hybrid or on premise. The services reduces work clutter and optimizes business operations for any organisation. Managed Printing services may be business specific and offer flexible plans. Geographically, North America is the biggest market for managed printing services providers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xerox Corporation (United States), Hewlett-Packard Development Company, L.P. (United States), Canon Inc. (Japan), Sharp Corporation (Japan), Toshiba Corporation (Japan), Ricoh Company, Ltd. (Japan), Samsung Electronics Co. Ltd. (South Korea), ARC Document Solutions, Inc. (United States), Lexmark International Corporation (United States), Kyocera Corporation (Japan), Konica Minolta, Inc. (Japan), HCL Technologies (India), Toronto Managed Print Services (Canada) and Lewan Technology (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Managed Printing Services market by and Region.
On the basis of geography, the market of Managed Printing Services 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). If we see Market by Component , the sub-segment i.e. Hardware will boost the Managed Printing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. BFSI will boost the Managed Printing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size , the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Managed Printing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Providers , the sub-segment i.e. Printer/Copier Manufacturers will boost the Managed Printing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Artificial Intelligence to Enhance the Performance of Cloud Computing
Market Growth Drivers:
Increased Adoption of Technological Solutions, Growing Shift from Paper to Cloud Based Culture and Reduction and Optimization of Operational Costs
Challenges:
Increased Privacy Concerns
Restraints:
Recurring Costs Associated with Managed Printing Services and Rising Number of Cyber Security and Data Breach Incidents
Opportunities:
Advanced Connectivity Technology and Intense Research and Development in Cloud Computing
Market Leaders and their expansionary development strategies
In 2021, Applied Imaging, a market innovator in precision imaged optical components announced completion of acquisition of Lasers Resource, which is one of the emerging players in managed print services. The strategic acquisition is aimed at changing with evolving time and industry needs as well as expanding products and services offered.
In 2020, Xerox Corporation, Market leader in managed print services has announced acquisition of Altodigital which is United Kingdom’s leading technology based office solutions providers and ITEC Connect which is another UK based office technology solutions. The acquisition is aimed at expanding Xerox’s managed print solutions to small and medium sized enterprises where both the acquired companies have strong hold on.
Key Target Audience
Managed Printing Services Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.