Managed Print Services Market is Likely to Increase at a Significantly High CAGR during 2025

According to a recent report published by Allied Market Research, the global managed print services market accounted for $27.5 billion in 2017 and is expected to reach $59.7 billion by 2025, growing at a CAGR of 10.3% during the forecast period, 2018-2025.

Significant reduction in operational cost, enhanced information security, increase in adoption of big data solutions, and growing initiatives to lower wastage of plastic at workplaces drive the growth of the global managed print services market.

Download Sample Report (Get Full Insights in PDF - 268 Pages) at: https://www.alliedmarketresearch.com/request-sample/5214

However, recurring costs and strategic agreements & partnerships impede market growth. Nonetheless, surge in print security spending and rise in adoption of cloud MPS would provide lucrative opportunities to emerging market players in the near future.

Based on type, the document imaging segment is projected to encounter the highest CAGR of 13.4% during the forecast period, owing to rise in demand for big data management and analytics in organizations.

However, the device management segment generated more than one-third of the overall market share in 2017 and is expected to maintain its dominance through 2025, due to increased adoption of these solutions for enhancing the network performance for printing devices, optimizing efficiency, and controlling costs.

Access full summary at: https://www.alliedmarketresearch.com/managed-print-services-market

By deployment type, the hybrid cloud segment occupied nearly three-fifths of the total share in 2017 and is poised to maintain this top spot through 2025.

The segment is also projected to register the highest CAGR of 11.5% during the forecast period, owing to demand for cloud-based MPS to lower the cost of printing and shift towards novel solutions to support mobility, improve security, and make efficient business workflows.

Regionally, Asia-Pacific is expected to grow at the highest CAGR of 14.0% from 2018 to 2025, due to surge in retail & consumer goods startups in nations such as China, India, and Japan.

However, North America is projected to continue its dominance of the global market due to the presence of leading manufacturers, supportive government regulations, and an increase in the number of startups in this region.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/5214

The key players analyzed in the report include Xerox, HP Inc., Toshiba, Lexmark International, Inc., Ricoh Company, Ltd., Canon Inc., Konica Minolta, Inc., Sharp Electronics, Kyocera Document Solutions, and ARC Document Solutions.

They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

Key Benefits for Managed Print Services Market:

• This study includes the global managed print services market analysis, managed print services market trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and managed print services market opportunity.

• The managed print services market size is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.

• Porter's five forces analysis illustrates the potency of buyers & suppliers in the global managed print services industry.

Buy this Report at: https://www.alliedmarketresearch.com/checkout-final/fff0efd962eef3261e2b68e394e6d45b

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.