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Managed Print Services Market Size, Share & Trends Analysis Report By Deployment Mode (On-premise, Cloud-based, and Hybrid), by Channel Type (Printer/Copier Manufacturers, System Integrators/Resellers, and Independent Software Vendors (ISVs)), By Organization, By Application, Region—Forecast till 2028

Categories: IT And Telecommunications

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Managed Print Services Market Overview:

Managed print service market size was valued at 39.36 billion in 2020, and it is expected to reach 70.37 billion by 2027 with a CAGR of 8.5% during the projected period.

 

Managed print service (MPS) is a solution designed to handle the company's all printing devices. It is provided by a third party to optimize or manage a company's document output. Moreover, the program helps keep track of the toner and other supplies and automatically places the order for the new shipments.

 

A requirements assessment is commonly the first step in the MPS process. The following step is a partial or complete replacement of existing hardware, such as printers, fax machines, scanners, photocopiers, and multifunction (MFP) devices. Managed print service might also prepare reports for overall usage, problems, and user experience.

 

Managed Print Services (MPS) Market Growth and Forecast

Increasing adoption of cloud computing, data analytics, and rising environmental concerns are the primary factors fueling the growth of Managed Print Services Market globally. Moreover, it helps companies utilize their resources efficiently and effectively, ultimately reducing operational costs.

 

In addition, managed print service reduces the chances of intellectual property thefts and breaches in information security by printer sign-in solutions and other network-level solutions. Thus, such factors support the growth of the managed print service market. However, opting for managed print service requires high investments, likely hampering the managed print service market.

 

Among various applications, BFSI dominated the market in 2019, and it is expected to retain dominance during the projected period. For example, BFSI is highly dependent on record keeping and documentation for various processes such as mortgages, loan applications, new account opening, and others.

 

Thus, the requirements for printers and their supplies are in more demand by the industry. Hence, efficiently utilizing the resources and reducing unwanted expenses adoption of managed print service ultimately supports the market's growth. Furthermore, the hybrid deployment model will witness a significant growth rate during the forecast period.

 

Geographical Overview

Based on geography, the global managed print services market has been segmented into

  • North America, 
  • Europe, 
  • The Asia Pacific, 
  • Latin America, and Middle East & Africa. 

 

North America comprises the U.S., Canada, and Mexico, whereas Europe primarily covers Germany, France, the UK, Italy, and the rest of Europe. 

 

The key countries included under the Asia Pacific are China, Japan, India, Australia, and the Rest of Asia Pacific. In Latin America, Brazil, Argentina, and the Rest of Latin America are the key segments. Finally, in the Middle East & Africa, South Africa and the Rest of the MEA are the key segments covered in the report. 

 

North America is projected to dominate the managed print service market due to many established corporates of various industries and many start-ups. Moreover, the region also has the presence of some key printer manufacturers and managed print service providers. 

 

The Asia Pacific is expected to witness notable growth during the projected period due to developing a favorable business environment and adopting innovative technology.

 

Market Segmentation

The global managed print services market has been segmented based on 

  • Deployment mode, 
  • Channel type, 
  • Organization size, 
  • Application and geography.

 

Based on the deployment mode, the global managed print services market has been segmented into 

  • On-premise, 
  • Cloud-based and Hybrid.

 

Based on channel type, the global managed print services market has been segmented into 

  • Printer/Copier Manufacturers, 
  • System Integrators/Resellers,
  • Independent Software Vendors (ISVs). 

 

The global managed print services market based on organization size has been segmented into Small and Medium Enterprises (SMEs) and Large Enterprises. 

Based on application, the global managed print services market has been segmented into 

  • BFSI, 
  • Government, 
  • Education, 
  • Healthcare, 
  • Telecom, and IT, 
  • Manufacturing, 
  • Legal, and Others. 

 

The global managed print services market is concentrated with leading manufacturers such as 

  • Xerox Holdings Corporation
  • Canon Managed Print Services
  • HP Development Company
  • Lexmark International Corporation
  • ARC Document Solutions, Inc.
  • Kyocera Corporation
  • Sharp Corporation
  • Konica Minolta
  • Ricoh Company, Ltd.
  • Toshiba Corporation
  • Samsung Electronics Co. Ltd.
  • Exela Technologies
  • Lewan Technology
  • Photizo Group
  • Fujitsu
  • prosource
  • Printwise
  • imageOne
  • Capital Solutions, among others

 

Global Managed Print Services Market Growth, Trend and Forecast 2021-2027

Chapter 1 Managed Print Services Market Overview
1.1 Product Overview and Scope of Managed Print Services
1.2 Managed Print Services Market Segmentation by Type
1.2.1 Global Production Market Share of Managed Print Services by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Managed Print Services Market Segmentation by Application
1.3.1 Managed Print Services Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Managed Print Services Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Managed Print Services (2014-2027)

Chapter 2 Global Economic Impact on Managed Print Services Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Managed Print Services Market Competition by Manufacturers
3.1 Global Managed Print Services Production and Share by Manufacturers (2020 and 2020)
3.2 Global Managed Print Services Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Managed Print Services Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Managed Print Services Manufacturing Base Distribution, Production Area and Product Type
3.5 Managed Print Services Market Competitive Situation and Trends
3.5.1 Managed Print Services Market Concentration Rate
3.5.2 Managed Print Services Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Managed Print Services Production, Revenue (Value) by Region (2014-2021)
4.1 Global Managed Print Services Production by Region (2014-2021)
4.2 Global Managed Print Services Production Market Share by Region (2014-2021)
4.3 Global Managed Print Services Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Managed Print Services Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Managed Print Services Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Managed Print Services Consumption by Regions (2014-2021)
5.2 North America Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Managed Print Services Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Managed Print Services Production, Revenue (Value), Price Trend by Type
6.1 Global Managed Print Services Production and Market Share by Type (2014-2021)
6.2 Global Managed Print Services Revenue and Market Share by Type (2014-2021)
6.3 Global Managed Print Services Price by Type (2014-2021)
6.4 Global Managed Print Services Production Growth by Type (2014-2021)

Chapter 7 Global Managed Print Services Market Analysis by Application
7.1 Global Managed Print Services Consumption and Market Share by Application (2014-2021)
7.2 Global Managed Print Services Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Managed Print Services Manufacturing Cost Analysis
8.1 Managed Print Services Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Managed Print Services

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Managed Print Services Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Managed Print Services Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Managed Print Services Market Forecast (2021-2027)
12.1 Global Managed Print Services Production, Revenue Forecast (2021-2027)
12.2 Global Managed Print Services Production, Consumption Forecast by Regions (2021-2027)
12.3 Global Managed Print Services Production Forecast by Type (2021-2027)
12.4 Global Managed Print Services Consumption Forecast by Application (2021-2027)
12.5 Managed Print Services Price Forecast (2021-2027)

Chapter 13 Appendix


 


 

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FAQ

What are Managed Print Services?

Managed print service (MPS) is a solution designed to handle the company's all printing devices. It is provided by a third party to optimize or manage a company's document output. Moreover, the program helps keep track of the toner and other supplies and automatically places the order for the new shipments.

What is the Managed Print Services market share?

Managed print service market was valued at 39.36 billion in 2020, and it is expected to reach 70.37 billion by 2027 with a CAGR of 8.5% during the projected period.

Which are the top companies operating in the Managed print service market

Xerox Holdings Corporation, Canon Managed Print Services, HP Development Company, Lexmark International Corporation, ARC Document Solutions, Inc., Kyocera Corporation, Sharp Corporation, Konica Minolta, Ricoh Company, Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., Exela Technologies, Lewan Technology, Photizo Group, Fujitsu, prosource, Printwise, imageOne, Capital Solutions, among others

What are the key factors driving the Managed Print Services Market?

Increasing adoption of cloud computing, data analytics, and rising environmental concerns are the primary factors fuelling the growth of Managed Print Services Market globally. Moreover, it helps companies utilize their resources efficiently and effectively, ultimately leading to reducing operational costs.

In which Region the market is demanding?

North America is projected to dominate the managed print service market due to a large number of established corporates of various industries and many start-ups. Moreover, the region also has the presence of some key printer manufacturers and managed print service providers.

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  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
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  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
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Managed Print Services Market Size, Share & Trends...

RD Code : IT22