Press release
Managed Print Services Market: Expansion Trends, Key Players, and Forecast Effects
Managed Print Services Market Size
Broadening global enterprises and stringent cost control initiatives are driving the growth of the Managed Print Services Market, which is projected to reach $69.82 billion by 2029, growing at a CAGR of 9.3%. _x000D_
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What Is The Projected Market Size Of The Global Managed Print Services Market And Its Growth Rate?_x000D_
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• The managed print services market size has experienced noteworthy growth in recent years, increasing from $44.95 billion in 2024 to $48.88 billion in 2025 with a CAGR of 8.8%. _x000D_
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• The market is predicted to experience substantial growth in the coming years, reaching $69.82 billion in 2029 with a CAGR of 9.3%. _x000D_
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• The growth can be attributed to a marked increase in digital transformation initiatives, a shift to hybrid work environments, and improved print analytics among others._x000D_
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What Is Driving The Growth In The Managed Print Services Market?_x000D_
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The rise in print security spending has been a significant driving force for the growth of the managed print services market. Print security, which ensures the safe management of print devices and associated infrastructure, allows companies to enhance document security and promote environmental sustainability. According to Xerox, print security spend is projected to increase, with 79% of organizations expecting their security spending to rise in the next 12 months in 2024. Furthermore, about 67% of respondents indicated they had encountered at least one print-related data breach in the past year, emphasizing the importance of secure print management._x000D_
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Who Are the Key Players Driving Managed Print Services Market Growth?_x000D_
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Major companies operating in the managed print services market include: _x000D_
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• ARC Document Solutions Inc._x000D_
• Canon Inc._x000D_
• Hewlett-Packard Development Company L.P._x000D_
• Kyocera Document Solutions Inc._x000D_
• Konica Minolta Inc._x000D_
• Lexmark International Corporation_x000D_
• Ricoh Company Ltd._x000D_
• Sharp Corporation_x000D_
• Toshiba Corporation_x000D_
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What Are The Key Trends In The Managed Print Services Market?_x000D_
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Key trends include:_x000D_
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• Remote print management_x000D_
• Data analytics and predictive maintenance_x000D_
• Print fleet optimization_x000D_
• Device and document security_x000D_
• Vendor consolidation and partnerships_x000D_
• Subscription-based models_x000D_
• Managed document services (MDS)_x000D_
• Artificial intelligence (AI) and automation_x000D_
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What Are The Segments Of The Global Managed Print Services Market?_x000D_
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The market is segmented as follows:_x000D_
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1) By Type: Print Management, Device Management, Discovery And Design, Document Imaging_x000D_
2) By Channel Type: Printer Or Copier Manufacturers, System Integrators Or Resellers, Independent Software Vendors (ISVs)_x000D_
3) By Deployment Mode: On-premise, Cloud-Based, Hybrid_x000D_
4) By Organization Type: Small And Medium Enterprises (SMEs), Large Enterprises_x000D_
5) By Application: BFSI, Government, Education, Healthcare, Telecom And IT, Manufacturing, Legal, Other Applications _x000D_
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Which Region Leads The Managed Print Services Market?_x000D_
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North America was the largest region in the managed print services market in 2024 and is expected to be the fastest-growing region during the forecast period. The regions covered in the managed print services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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What Is Covered In The Managed Print Services Market Global Market Report?_x000D_
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Market Size Analysis: Analyze the Managed Print Services Market size by key regions, countries, product types, and applications. Market Segmentation Analysis: Identify various subsegments within the Managed Print Services Market for effective categorization. Key Player Focus on key players to define their market value, share, and competitive landscape. Growth Trends Analysis: Examine individual growth trends and prospects in the Market. Market Contribution: Evaluate contributions of different segments to the overall Managed Print Services Market growth. Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers. Industry Challenges: Analyze challenges and risks affecting the Managed Print Services Market. Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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