Managed Print Service (MPS) Market 2018-2026 | Global Leaders: Fujitsu Ltd, Xerox Corporation, HP Development Company, L.P., Canon, Inc, Konica Minolta, Inc.

A Managed Print Service (MPS) is the provision and oversight of business document output needs by an external service provider.

Managed print services is a business solution that creates transparent and tangible value minimizing 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.

Market Overview
Managed print services market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is forecast period and 2017 as base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the estimated period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said timeframe. The study provides a complete perspective on the evolution of the global managed print services market in terms of revenue around USD 57.8 million during the expected period along with a significant CAGR.

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Scope of the Report
The Global Managed Print Services Market is segmented on the basis of deployment, channel, enterprise size, and industry vertical. On the basis of deployment, the market is segmented into cloud, on-premise and hybrid. Cloud-based market has contributed the highest revenue in 2017 while Hybrid is expected to grow at the fastest CAGR of 8.5% during the forecasted period. On the enterprise basis, there are SMEs and large enterprises. Based on channels there are Printer/Copier Manufacturers and Channel Partner/Core MPS Providers.

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.

Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Managed Print Services Market Size, Share, Development, Growth and Demand Forecast to 2026” are:

North America holds the largest market share of managed print services (MPS) market in 2018 and will grow over a CAGR of 5.1% in the forecast period. The BFSI, healthcare and government industry in U.S. have aggressively adopted the managed print services. Moreover, the strategic acquisitions and new program are launched to create awareness of managed print services which is expected to promulgate over the coming years. For instance, Global Imaging Systems (GIS) (Xerox Company) has acquired G-Five, Inc., a Carolinas-based solution provider of office equipment and print services in North and South Carolina in 2018

Asia Pacific and South America are two of the most promising markets for managed print service market and are slated to offer players a host of opportunities in the coming years. The growth of these regional markets can be attributed to rapid economic development and consequently widespread industrialization

Based on channel, core MPS Providers is accounted for the major share in the global Managed Print Services Market in 2017 and it is expected to grow with a CAGR over 7.9% during the period anticipated period
Based on enterprise size, small and medium enterprises (SMEs) generated largest revenue in the market in 2017 and it is expected to exhibit the fastest growth during the period 2018-2026.

Research Methodology
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.

Competitive Dynamics
The global managed print services market report provides company market share analysis of the various key participants. Some of the key players profiled in the report includes Xerox Corporation, Konica Minolta, Inc., ARC Document Solutions, Inc., Kyocera Corporation, Ricoh Company Ltd., Canon, Inc., Toshiba Corporation, Lexmark Corporation, Print Audit, and HP Development, L.P., Sharp Corporation, Honeywell International Inc., Samsung Electronics Co., Ltd,

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