Managed Print Services Market 2018 Global Analysis, Trends, Size, Share Leaders, Current Status by Major Key vendors Forecast to 2023
Jan 8, 2019
The report on the global Managed Print Services market covers historical market trends, current market dynamics, market valuation by segmentation as well as region and country-level analysis for every segment player's market share analysis
Pune, India - January 8, 2019 /MarketersMedia/ —
Market Highlights:
Managed print services (MPS) support the companies to gain proper control of the printing, boosting their productivity with cost-effective solutions. These services can reduce the printing office documents cost of up to 40%, improve productivity, and security. Over the past couple of years, the managed print services market has been growing rapidly owing to the increasing demand for cloud computing and software as a service.
Acknowledging the exponential growth, the market perceives currently and the potential of the market to grow in the future; Market Research Future (MRFR), in its recently published market forecast, asserts that the global managed print services market will garner the worth of approximately 51 BN USD by 2023, registering around 9% CAGR throughout the forecast period (2017 – 2023).
The growing adoption of big data solutions is a major driving force behind the growth of the managed print services market. Moreover, the cloud-based print services are boosting the managed print services market growth to a large extent, gaining momentum among large companies. The cloud services along with the latest multi-functional printers for the integration of paper and digital workflows are widely used among organizations.
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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:
December 19, 2018 – 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:
The global managed print services market is studied in the Asia Pacific, North America, Europe, and Rest of the World. In North America, the managed print services market is gaining the highest market growth due to the increasing demand for cloud-based services, which is propelling the managed print services market growth. Whereas, European countries are emerging as managed print services markets due to the increasing demand for multi-functional printers and are expected to grow at the highest CAGR over the review period. Asia Pacific countries such as China, Japan, and India are some of the leading regions in the globe in terms of market share.
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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……...
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/managed-print-services-market-5418
Source: MarketersMedia
Release ID: 467217
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