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Managed Print Services Market Overview, Growth, Opportunities and Development 2023
[May 22, 2019]

Managed Print Services Market Overview, Growth, Opportunities and Development 2023

Market Highlights: Managed Print Services involves centralization, optimization and management of all aspects of printing devices in an organization through a single program offered by print providers. The global managed print services market is anticipated to generate USD 51.0 billion at a CAGR of ~9% by the end of forecast year of 2023.

Attractive economics of optimizing of all devices such printers, scanners, faxes and copiers, under a single platform results in savings, printer fleet reduction produce less paper waste which results in increased efficiency. Other advantages such as reduction in total cost of ownership (TCO), eliminating unnecessary devices, reduced print volumes, and others. Crucial advantages such as improved security due to built-in user authentication, activity tracking and insights into customers' print activities data analysis result in wealth of business information. Control and accountability by allowing access only to authorized personnel’s, encryption, and others. Development of cloud and software as a service has provided an additional benefit of remote management and access coupled with faster service areas and new markets expansion. The development of cloud is expected to reduce the printing office documents cost of up to 40%. The advent of big data is the critical market opportunity driving factors of the managed print services market.

Get a Sample Report @ Major Key Players • Lexmark International Corporation (U.S.), • ARC Document Solutions, Inc. (U.S.), • Xerox Corporation (U.S.), • HP Development Company, L.P. (U.S.), • Ricoh Company, Ltd. (Japan), • Toshiba Corporation (Japan), • Samsung Electronics Co. Ltd. (South Korea), • Kyocera Corporation (Japan), • Sharp Corporation (Japan), • Konica Minolta, Inc. (Japan), • Wipro LTD (India), • HCL Technologies (India), • Canon UK Limited (U.K), • Seiko Epson Corporation (Japan), • Acrodex Inc. (Canada), • Systems Technology, Inc. (U.S.), • Konica Minolta (U.K) According to the Market Research Future Analysis, the global Managed Print Services Market is expected to reach USD ~51 billion by the end of the forecast period at a CAGR of ~9%.

Industry/ Innovation/ Related News: ECi Software Solutions (US), a business management and e-commerce software publisher announced the acquisition of Print Audit (Canada), a leading provider of print tracking and copy auditing tools to office equipment dealers and end-users.

The acquisition will bring Print Audit’s world-class software solutions for our office equipment and managed print services to ECi’s suit further supporting its expansion strategy while adding valuable capabilities to its offerings.

Competitive Analysis: The highly competitive managed print services market appears to be fragmented owing to the competitive landscape formed by the many large and small players along with the new entrants. Major players are focusing on optimized situational awareness for customers, ensuring their mission success.

Matured players, through various strategic initiatives such as M&A activities, collaboration & innovations are constantly seeking market expansion. Substantial investments have been made in the R&D to develop a technology that is entirely on a different level and unrivaled.

Market Segmentation: The global managed print services market is segmented into the component, deployment, organization size, end users, and region. The component is sub-segmented into hardware, software, services, and others. The hardware is further segmented into copier, fax, printer, and others. The deployment segment is sub-segmented into on-cloud and on-premises. The organization size segment is sub-segmented into small & medium enterprises, and large enterprises. The end-users segment is sub-segmented into BFSI, IT and telecommunications, government, healthcare, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.

Regional Analysis: North America accounts for the leading market for managed print services, globally. Factors propelling the regional market include the presence of major vendors and the wide adoption of these services. Technological advancements transpired into the field have been powering the market growth, availing efficient systems.

Moreover, the increasing demand for cloud-based services is fostering the market growth in this region.

Europe region is also showing the positive sign towards the best-managed services. Technical advancements and increasing demand for multi-functional printers in the region will foster the market growth during the forecast period.

The Asia Pacific market for managed print services has emerged as the fastest growing market and is expected to show the highest growth using these services in the forecast periods. APAC countries like China, Japan, and India have accounted for a considerably fair share in the managed print services market and will be growing rapidly in the years to come.

Browse Complete Report @ Intended Audience • Managed print services companies • Managed print services providers • Technical universities • System integrators • Managed Security Service Providers • Professional service providers • Research and development companies • Market research and consulting firms • Solution providers • Technology standards organizations • Technology investors • System Integrators LIST OF TABLES Table 1 Global Managed print services Market: by Region, 2017-2023 Table 2 North America Managed print services Market: by Country, 2017-2023 Table 3 Europe Managed print services Market: by Country, 2017-2023 Table 4 Asia-Pacific Managed print services Market: by Country, 2017-2023 Table 5 Middle East & Africa Managed print services Market: by Country, 2017-2023 Table 6 Latin America Managed print services Market: by Country, 2017-2023 Continued……...

LIST OF FIGURES FIGURE 1 Global Managed print services market segmentation FIGURE 2 Forecast Methodology FIGURE 3 Five Forces Analysis of Global Managed print services Market FIGURE 4 Value Chain of Global Managed print services Market FIGURE 5 Share of Global Managed print services Market in 2017, by country (in %) Continued……...

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