Managed Print Services Market Research Report 2021

According to the latest report of the IMARC group, entitled “Managed Print Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global managed print services market has shown moderate growth over the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 6% during the period 2021-2026.

Managed Print Services (MPS) refers to the custom, 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-premises, in the cloud, or in hybrid environments. They involve the evaluation, general or selective replacement of equipment and service components, monitoring of fax machines, printers, scanners, etc. MPS helps reduce costs, prevent device downtime, optimize the use of ink, paper, energy, and more.

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Market trends

Growing digitalization in various industries including banking, financial services and insurance (BFSI), education, healthcare, telecommunications, etc. is primarily driving the managed print services market. Additionally, the growing need for analytics and cloud computing solutions to manage resource usage is also propelling the growth of the market. Also, the implementation of numerous initiatives to minimize the waste of paper in workspaces is further increasing the market. Moreover, several technological advancements, such as the integration of Internet of Things (IoT) connected devices and big data solutions, are also driving the product demand. Apart from this, increasing adoption of sustainable solutions for business processes coupled with continuous improvements in IT infrastructures is expected to drive 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 associated industries. These observations will be included in the report.

Competitive Landscape:

The competitive landscape of the industry has also been reviewed along with the profiles of key players.

• ARC Document Solutions Inc.
• Brother Industries Ltd.
• Canon Inc.
• HP Inc.
• Konica Minolta Inc.
• Lexmark International Inc.
• Ricoh Company Ltd.
• Sharp Corporation
• Toshiba Company
• WeP Solutions SA
• Xerox Corporation.

The report has segmented the market based on type, mode of deployment, organization size and vertical.

Breakdown by type:

• Print Management
• Device management
• Discovery and Design
• Document Imaging

Breakdown by deployment mode:

Breakdown by organization size:

• Large companies
• Medium Enterprises
• Small enterprises

Breakdown by vertical industry:

• BFSI
• Government
• Health and education
• Manufacturing
• Retail and consumer goods
• IT and Telecom
• Others

Breakdown by region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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