About Managed Print Services
Managed print services (MPS) is a way of reducing print related service expenses by replacing existing hardware such as scanners, photocopiers and multi-function devices. The service providers also monitor the usage and user experiences. A proper MPS services help reducing enterprise expenses on managing print service. The services can be either subscription based or on page basis.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 8.41% |
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. Analyst at AMA Research estimates that United States and Japanese Vendors will contribute the maximum growth to Global Managed Print Services market throughout the forecasted period. Established and emerging Vendors 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], Ricoh Company [Japan], HP Development Company L.P. [United States], Lexmark International, Inc. [United States], Canon, Inc. [Japan], Konica Minolta, Inc. [Japan], Samsung Electronics Co. Ltd. [South Korea], Kyocera Corporation [Japan], Sharp Corporation [Japan], Toshiba Corporation [Japan], ARC Document Solutions, Inc. [United States], Dell Technologies [United States], Fujitsu [Japan], Epson [Japan], HCL Technologies [India], SCC Technology [United Kingdom], Wipro Technologies [India] and Capital Document Solutions [Scotland] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pitney Bowes [United Kingdom], Print Audit [Canada], Ingram Micro Inc. [United States], Smart Print [Canada], All Copy Products [United States], Laser Cycle USA [United States] and Fleet MPS [United Kingdom].
Segmentation Overview
AMA Research has segmented the market of Global Managed Print Services market by , Application (BFSI , Government , Education , Healthcare and Telecom and IT ) and Region.
On the basis of geography, the market of Managed Print 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). North America region held largest market share in the year 2023. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Enterprises will boost the Managed Print Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel, the sub-segment i.e. Printers/Copiers Manufacturers will boost the Managed Print Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On Premises will boost the Managed Print Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Customized Services by Organizations to Meet the Requirements and Growing Environmentally Sustainable Print Services
Market Growth Drivers:
Ability to Provide Cost-effective Solution, Growing Need for Effective Big Data Management and Emphasizing on Reduction of Paper Waste
Challenges:
Unsatisfactory Quality of Services and Low Adoption Rate in Small and Medium Enterprises
Restraints:
Long-term Periodic Expenditure and Data Security Vulnerabilities And Compliance Risk
Opportunities:
Growing Adoption of Cloud Computing and Emergence of Artificial Intelligence
Market Leaders and their expansionary development strategies
In September 2022, Fisher’s Technology has acquired the managed print services business from Utah-based IT solution provider VLCM.Fisher’s Technology will operate out of VLCM’s Utah location until Fisher’s finds a new location in the Salt Lake City area.
In February 2022, Toshiba Tec Corporation has launched Encompass Managed Print as a Service (MPaaS) subscription program. The cloud-based subscription program enables subscribers to access hardware, supplies, and solutions from any location in order to manage their document workflow.
Key Target Audience
Managed print Services Providers, IT Service Providers, Cloud Service Providers, Printer Suppliers, Technology Investors, Enterprise Data Center Professionals, Research Institutes and Organizations, Market Research and Consulting Firms, Original Equipment Manufacturers (OEMs), System Integrators and Third-party Vendors, Software Solution Providers and Government Bodies
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.