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According to the latest IMARC group report, entitled “Managed Print Services Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026“, the global managed print services market has shown moderate growth during the period 2015-2020. Going forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
Managed Print Services (MPS) refers to the customized, integrated solutions used to streamline an organization’s print fleet. They are generally offered by third-party service providers to manage and optimize the overall production of documents generated by companies. MPS can be deployed on premise, in the cloud, or in hybrid environments. They involve evaluation, general or selective replacement of hardware and service components, monitoring of fax machines, printers, scanners, etc.
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The increasing digitization in various industries including banking, financial services and insurance (BFSI), education, healthcare, telecommunications, etc., is primarily driving the market for managed print services. In addition, the growing need for analytics and cloud computing solutions to manage resource usage is also propelling the market growth. In addition to this, the implementation of numerous initiatives to minimize paper waste in workspaces is further increasing the market. In addition, several technological advances, such as the integration of connected devices with the Internet of Things (IoT) and big data solutions, are also catalyzing product demand. Apart from this, the growing adoption of sustainable solutions for business processes coupled with continuous improvements in IT infrastructure is expected to fuel the managed print services market during the forecast period.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report..
Competitive landscape:
The competitive landscape of the industry was also examined along with the profiles of the major players.
- ARC Documentary Solutions Inc.
- Brother Industries Ltd.
- Canon Inc.
- HP Inc.
- Konica Minolta Inc.
- Lexmark International Inc.
- Ricoh Company Ltd.
- Sharp Corporation
- Toshiba Company
- WeP Solutions Ltd
- Xerox Company.
The report segmented the market based on type, mode of deployment, size of the organization and sector of activity.
Breakdown by type:
- Print management
- Device management
- Discovery and design
- Document imaging
Breakdown by deployment mode:
Breakdown by organization size:
- Large companies
- Medium-sized enterprises
- Small enterprises
Breakdown by business sector:
- BFSI
- Government
- Health and education
- Manufacturing
- Retail trade and consumer goods
- IT and Telecom
- Others
Breakdown by region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Request customization and browse full report with table of contents and list of figures: https://bit.ly/3BbPA6k
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The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
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