Managed Print Services Market is predictable to reach USD ~51 billion | MPS Industry Significant Diversifications along with Historical Analysis, Key Findings and trends by Forecasts

Market Highlights:

The growing demand for software as a service and cloud computing are improving the managed print services market progress to a great extent. Market concentrated reports associated with the semiconductors and electronics industry amid others recently have been made available by Market Research Future which issues reports on this industry. The market is anticipated to touch USD 51 billion in revenue while growing at a CAGR of 9% by the year 2023.

As cloud-based print services are gathering impetus, the market for managed print services is growing at a robust pace. The increasing adoption of big data solutions on the other hand has emerged as one of the chief driving factors for the market’s growth in the forecast period. The development of the market is further spurred on by the companies who are investing in managed print services heavily. The use of managed print service in identifying machines which are underachieving and then substituting them with efficient devices is adding effectively to the growth of the market.

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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)
are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Managed Printing Services Market.

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%.

Market Drivers and Restraints:
Rapid development in technology has led to the rise in demand for document workflow automation, resulting in the expansion of the global managed print services market. Multiple benefits of managed print services (MPS) such as reduction in printer volume, enhanced security and authentication, low paper usage, reduction in printer fleet and others are fueling the growth of the global managed print services market.

Increasing adoption of cloud-based services and inclination towards outsourcing of business practices are some of the factors driving the global managed print services market. Managed print services aid in increasing overall business efficiency by minimizing the workload and providing faster services to reduce utilization of time, these features of MPS are inducing demand for managed print services in various industries, leading to the expansion of the global managed print services market.

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……...

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