Press release
Managed Print Service (MPS) Market Trends & Forecast 2020-2025, Impact of covid-19 on Business Efficiencies, Industry Challenges, Size, Share, Top Companies
The global Managed Print Service (MPS) market is anticipated to reach at a notable value by the end of 2025. The market is envisioned to grow at a considerable CAGR over the forecast period i.e. 2020-2025. In the past years, the market has grown at a significant rate and is projected to showcase a lucrative growth in the upcoming years.
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Cloud-based deployment mode is projected to hold the largest share of the market for Managed Print Services over the forecast period. High cost-effectiveness with the implementation of managed print services is changing the facets of the traditional IT model. Cloud-based deployment holds the highest market share, as it provides companies with remote access to their cloud documents and data, while hybrid deployment mode is expected to be one of the fastest-growing deployment mode in the coming years.
The study for global Managed Print Service (MPS) market covers the key market growth indicators such as value and supply chain analysis, year-on-year (Y-o-Y) growth and compounded annual growth rate (CAGR), in the KDMI’s research report along with macroeconomic indicators & forecast factors. Also, the analysis of Porter’s Five Forces demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Managed Print Service (MPS) market.
Impact of Coronavirus Disease (COVID-19) on Global Managed Print Service (MPS) Market
The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 213 countries and territories have reported cases of coronavirus to date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. The study explains the impact of coronavirus disease (COVID-19) on global Managed Print Service (MPS) market, covering the following points:
- Impact analysis of COVID-19 on the global Managed Print Service (MPS) market in the upcoming years.
- Detailed research regarding each region & countries will be listed, to identify the issues caused by the coronavirus disease on the market.
- Strategies adopted by the major & prominent market players in order to survive in the situation of COVID-19 lockdown.
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Key Insights Covered in the Global Managed Print Service (MPS) Market Report
• Analysis of market including the market forecast, Y-o-Y growth and structure of the industry.
• Leading market growth factors, market trends and upcoming opportunities driving the growth of the market.
• Identifying the barriers & threats hindering the market growth.
• Detailed analysis of major & prominent players in the market & also covering a comprehensive analysis of the company’s business and performance.
• Various market activities covering the market research report including product launch, innovation, acquisition, expansion, technological advancement, research & development & other market activities.
Segment Outlook
The global Managed Print Service (MPS) market is segmented (By Channel Type, By Deployment Mode, By Industry Verticals and By Organization Size). This market research report offers comprehensive data and information about the global Managed Print Service (MPS) market dynamics & growth parameters related to these categories. Further, the market is sub-segmented as follows:
By Channel Type
Based on Channel Type, the market is divided into Printer/Copier Manufacturers, System Integrators/Resellers and Independent Software Vendors. Due to the increasing use of analytics and cloud computing technologies in printing and organizations realizing the importance of Managed Print Service in the segments of printer / copier manufacturers, the printer / copier manufacturers are estimated to hold the biggest market share.
By Deployment Mode
Based on Deployment Mode, the market is bifurcated into On-Premises, Cloud-Based and Hybrid. The fastest-growing deployment mode on the market is expected to be hybrid deployment, as it offers mixed advantages of cloud-based systems and on premise deployment. A user can enjoy services that are hosted locally or on-site, and some services managed by cloud service providers, in a hybrid deployment.
By Industry Verticals
Based on Industry Vertical, the market is segmented into Banking, Financial Services, and Insurance (BFSI), Education, Industrial Manufacturing, Healthcare, Telecommunications and IT and Others. Due to the extensive use of papers for loan applications, mortgages and new account opening resulting in high investment cost in resources, the BFSI industry is predicted to hold the most significant CAGR in the forecast period. The BFSI sector has huge printing demands to deliver secure benefits in data access, creating opportunities for Managed Print Service growth.
By Organization Size
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Regional Prospect
In terms of geography, the market for Managed Print Service (MPS) is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition to this, further classification of market data and analysis of region into countries is covered in the report. Further, the geographies are fragmented into the regional & country groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The market research report on the global Managed Print Service (MPS) market also provides the detailed strategic analysis of the company’s business and performance including the financial information, revenue breakup by segment and by geography, SWOT Analysis, key factors, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news and other market activities. The market research report also provides company’s positioning and market share of the major & niche key market players in global Managed Print Service (MPS) market. In addition to this, the report also profiles various major & niche key market players in the global Managed Print Service (MPS) market including:
- Xerox
- HP Inc.
- Ricoh Company Ltd.
- Lexmark International inc.
- Konica Minolta Inc.
- Canon Inc.
- Kyocera Document Solutions
- Sharp Electronics
- ARC Document Solutions
- Other Players
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KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.
Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market.
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