Managed Print Services Market: Major Trends Reshaping the Future of the Industry

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What Will the Managed Print Services Industry Market Size Be by 2025?
The market size for managed print services has seen robust growth in recent times. The market value is projected to increase from $44.95 billion in 2024 to $48.95 billion in 2025, with a compound annual growth rate (CAGR) of 8.9%. This rapid growth in the historical period can be traced back to factors such as cost-cutting measures, growth in the complexity of printing, enhanced awareness about environmental sustainability, the rise of mobile printing, intricacy of print infrastructure, emphasis on core competencies, the expansion of global business operations, and integration with enterprise content management.

What's the Long-Term Growth Forecast for the Managed Print Services Market Size Through 2029?
The managed print services arena is predicted to witness significant expansion in the coming years, escalating to a value of $70.11 billion in 2029, at a compound annual growth rate (CAGR) of 9.4%. This growth surge in the forecast span is linked to factors such as the rise of digital transformation initiatives, transition to hybrid work structures, emphasis on user authentication and access control, advancements in print metrics, 3D printing growth, user experience enhancement, and focus on sustainable and eco-friendly printing practices. The forecast period will also see key trends including remote management of printing, data analytics and preemptive maintenance, optimization of print fleet, document and device security, alliance, and amalgamation of vendors, subscription-oriented models, managed document services (MDS), automation and artificial intelligence (AI).

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What Are the Key Growth Drivers Fueling the Managed Print Services Market Expansion?
The upward trend in expenditure on print security is anticipated to propel the managed print services market. Print security concerns the secure handling of print devices and associated infrastructure. Managed printing is instrumental in escalating document security and endorsing environmental sustainability. A May 2023 article by Xerox, an American firm specializing in print and digital document products and services, highlighted a continuous rise in print security expenditure. Crucially, 79% of companies anticipate a surge in security expenses over the next twelve months in 2024, with predictions of it touching 86% in the USA, and 85% in businesses, professional services, and retail sectors. Moreover, data from Xerox's The Print Security Landscape, in May 2023, revealed that 67% of survey participants registered at least one print-related data violation within the previous year, a rise from 61% in 2023. Disturbingly, the average financial repercussion of each data breach climbed 38% compared to the previous year, now standing at £1,028,346. Hence, the escalated expenditure on print security is fuelling the expansion of managed print services.

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Which Emerging Trends Are Transforming the Managed Print Services Market in 2025?
Technological innovation is the prominent trend escalating in demand in the managed print services sector. Top-tier companies in the managed print service industry are concentrating on bringing new tech-based solutions to the table, like cloud-based solutions, to amplify flexibility and solidify their stand in the market. For example, eProductivity Software, a packaging and print software solutions firm from the US, introduced Nubium in May 2024. Nubium is a pioneering cloud-native print management information system (MIS) that aims to transform print management for small to medium-sized printers. As a completely cloud-based solution, it allows swift deployment and onboarding, giving businesses the ability to generate estimates and initiate operations within the first hour. Nubium comes with advanced tools that make quoting accurate, machine selection automated and estimating time and materials more efficient, greatly improving the quoting process. Moreover, the system offers tough management of raw materials and finished goods, optimizing stock levels, and reducing waste for sustainable cost savings.

How Is the Managed Print Services Market Segmented?
The managed print services market covered in this report is segmented -

1) By Type: Print Management, Device Management, Discovery And Design, Document Imaging
2) By Channel Type: Printer Or Copier Manufacturers, System Integrators Or Resellers, Independent Software Vendors (ISVs)
3) By Deployment Mode: On-premise, Cloud-Based, Hybrid
4) By Organization Type: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Application: BFSI, Government, Education, Healthcare, Telecom And IT, Manufacturing, Legal, Other Applications

Subsegments:
1) By Print Management: Print Policy Development, Print Job Routing, Cost Control And Reporting
2) By Device Management: Printer And Copier Management, Device Monitoring And Maintenance, Supply Management
3) By Discovery And Design: Print Environment Assessment, Workflow Analysis, Custom Print Solutions Design
4) By Document Imaging: Document Scanning Services, Digital Document Management, Workflow Automation

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Which Companies Are Leading the Charge in Managed Print Services Market Innovation?
Major companies operating in the managed print services market are ARC Document Solutions Inc., Canon Inc., Hewlett-Packard Development Company L.P., Kyocera Document Solutions Inc., Konica Minolta Inc., Lexmark International Corporation, Ricoh Company Ltd., Sharp Corporation, Toshiba Corporation, Xerox Corporation, Novatech Inc., Samsung Electronics Co. Ltd., Ingram Micro Inc., SCC Document Services, Print Audit, Brother UK Ltd., EuroForm AS, Exela Technologies Inc., Epson America Inc., Fujitsu Limited, Comarch SA, Unisys Corporation, Tech Mahindra Limited, OfficeCorp, Titan Office Solutions, Staples Managed Print Services, PrintFleet, Blue Star PRINT

Which Regions Are Leading the Global Managed Print Services Market in Revenue?
North America was the largest region in the managed print services market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the managed print services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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