Global Managed Print Services Market Expected to Reach US$ 58.779 Billion by 2026
The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global managed print services market.
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Rise in increased security levels as well as reducing environmental impact are substantially driving the global managed print services market
Managed print services is a business solution that creates transparent and tangible value minimising the energy usage on print, budget and time spend on the environment. It offers oversight and provision for business document output along with external service providers. The services include deployment of software/app by the vendors, device maintenance/support, and other additional services including assessment, analytics, mobility and other services/solutions offered by the MPS providers.
Increased security level for printing document has been one of the instrumental factor driving the market. Data in any form has become very vital intellectual property (IP). Leakage of data such as business ideas, future strategies, or financial statements might adversely affect any company’s reputation in the market or cause heavy financial losses. Thus, security of data has been considered the highest priority in recent years. Advancements in technology and continuous innovation by vendors to provide high-level security to data while using MPS has recently attracted a high number of organizations to consider MPS for their printing needs. For instance, Xerox emphasizes providing high-level authentication and encryption to ensure protection of vital data. In February 2013, Xerox partnered with McAfee to enhance security of its MPS.HP Inc. stands out in particular for its Secure MPS strategy that incorporates a range of consulting services as well as broader IT integration with existing security information and event management (SIEM) tools. Organizations are increasingly considering CSR activities to comply with government regulations in order to mitigate environmental effects through their activities. Thus, reduction in the environmental effects is considered one of the major factors to aid the fast growth of the MPS market. Also, reduction in cost and reduction in downtime are key drivers too.
Scope of the Report
On the basis of deployment, the market is segmented into cloud, on premise, and hybrid. Based on enterprise size, the managed print services market is divided into small & medium enterprises and large enterprises. Based on channel, the market is categorized into Printer/Copier Manufacturers, Channel Partner/Core MPS Providers. On the basis of industry vertical, the managed print services market is divided into banking, financial services, and insurance (BFSI), government, healthcare, manufacturing, retail, telecom and IT, transportation and logistics, and others. The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the managed print services market during the forecast period.
The report also highlights the competitive landscape of the global managed print services market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry.
This report provides all the essential information required to understand the key developments in the managed print services market, and growth trends of each segment and region. It includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the managed print services market. This report also provides a comprehensive ecosystem analysis for the managed print services market. It explains the various participants including software & third-party vendors, system integrators, and distribution channels within the value chain operating in the market.
Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global managed print services market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Major industry players in managed print services market are adopting different expansion & innovation strategies to remain sustain themselves in the fast growing competitive market. For instance, in 2015 Canon U.S.A., Inc., collaborated with the Ontario, Canada-based Company PrintFleet LINK. This collaboration had enhanced in image CLASS Printonomics, an MPS program. Furthermore, in 2015, Fuji Xerox Co. Ltd. launched next generation managed print services in the Asia-Pacific region which support document-related work processes with enhanced security in mobile and cloud environment. The key players in the market are Fujitsu Ltd, Xerox Corporation, HP Development Company, L.P., Canon, Inc, Konica Minolta, Inc., Kyocera Corporation, Ricoh Company Ltd, Toshiba Corporation, Epson, Sharp Corporation and others.
Market Segmentation: Global Managed Print Services Market
By Enterprise Size
• Large Enterprises
• Printer/Copier Manufacturers
• Channel Partner/Core MPS Providers
By Industry Vertical Basis
• Telecom and IT
• Government and Public
In addition, the report provides analysis of the managed print services market with respect to the following geographic segments:
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• Latin America
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