Managed Printing Services (MPS) Market Growing at 6.80% CAGR, Expected to Reach USD 89.48 Billion by 2033 - Strategic Revenue Insights

London, UK - November 26, 2025 | Strategic Revenue Insights Inc. - The global Managed Printing Services (MPS) Market is gaining significant traction, with new research from Strategic Revenue Insights estimating expansion from USD 49.50 billion in 2024 to USD 89.48 billion by 2033. This represents a compound annual growth rate (CAGR) of 6.80%, reflecting growing enterprise demand for efficient print-infrastructure management and digitally integrated document workflows.
Over the coming years the market is set to nearly double in value.

That expansion reflects tight cost control, streamlined operations, and rising enterprises' need for secure, efficient printing and document management. Businesses across sectors increasingly turn to MPS to cut unnecessary printing costs, reduce waste, and manage a distributed fleet of devices in a unified manner that scales with their IT requirements.

A comprehensive assessment of this rapidly evolving market can be accessed through Strategic Revenue Insights at the link below, focused on Managed Printing Services (MPS):

https://www.strategicrevenueinsights.com/industry/managed-printing-services-market

The upward trend is driven by several interlocking factors. Enterprises worldwide are accelerating their digital transformation initiatives, which push for centralized, cloud-based print management rather than fragmented, device-by-device oversight. The integration of advanced technologies notably AI and IoT into print services is reshaping how organizations handle document workflows, optimize printing volumes, and enforce security and compliance standards. Regulatory pressure for data security, alongside a growing emphasis on sustainability and reduction of paper waste, further boosts MPS adoption.

Regional developments underscore shifting demand patterns. The Asia-Pacific region stands out as the fastest-growing geography, fueled by accelerating digital adoption, cloud infrastructure build-out, and rising business modernization especially among SMEs and mid-size firms. At the same time, established markets such as North America and Europe continue to contribute substantial revenue, driven by enterprises' preference for efficiency, compliance, and centralized device and document management.

The MPS market segments naturally by component, deployment mode, enterprise size, and end-user vertical a structure that makes it highly adaptable to varied business needs. Component-wise, the market divides into software, hardware, and services. Software solutions especially those incorporating AI, analytics, and cloud connectivity are surging as companies seek dynamic control, remote management, and data-driven printing policies.

Hardware, encompassing printers and multifunction devices, remains essential for upgrading legacy infrastructure and ensuring device reliability. The services segment, covering consulting, implementation, maintenance, and supply replenishment, continues to grow steadily as organizations outsource print-management responsibilities.

In terms of deployment mode, cloud-based MPS is witnessing rapid adoption due to its flexibility, scalability, and remote accessibility. It appeals especially to organizations with distributed offices or hybrid work models. Traditional on-premises setups remain relevant for entities with stringent security or compliance requirements, and hybrid deployment models combining cloud ease with on-premises control are emerging as a popular compromise.

Browse the associated report:

https://www.strategicrevenueinsights.com/ja/industry/managed-printing-services-market

https://www.strategicrevenueinsights.com/kr/industry/managed-printing-services-market

https://www.strategicrevenueinsights.com/es/industry/managed-printing-services-market

From the enterprise-size perspective, both large organizations and small-to-medium enterprises (SMEs) drive growth. Large firms adopt MPS to manage vast printing fleets and support compliance and centralized oversight. Meanwhile, SMEs increasingly turn to outsourced printing services to reduce overhead, simplify administration, and access enterprise-scale tools often unavailable in-house.

Across end-user verticals the demand profile is broad. Financial services (BFSI), healthcare, retail & e-commerce, manufacturing, media & entertainment, IT & telecommunications, and other sectors all rely on MPS for document security, cost control, and workflow efficiency.

BFSI and healthcare, with high regulatory and compliance demands, show particularly strong uptake. Retail and e-commerce players value MPS's ability to manage high-volume documentation, receipts, and customer interactions. Meanwhile manufacturing, IT, telecom, and media sectors benefit from reduced administrative load and centralized control over print infrastructure.

The competitive landscape is led by several established global providers. Xerox Corporation stands out for its tech-integrated MPS-offerings embedded with AI and IoT, aimed at boosting efficiency and reducing waste. HP Inc. delivers broad-ranging MPS solutions catering to healthcare, finance, education, and other sectors. Ricoh Company, Ltd. is known for its document workflow and security-oriented services, with a strong focus on eco-friendly and sustainable offerings. Canon Inc. provides versatile solutions for businesses of all sizes, while Konica Minolta, Inc. emphasizes data-driven printing services, consulting, and cloud-based deployments.

Additional players such as Lexmark International, Inc., Kyocera Document Solutions Inc. and Brother Industries, Ltd. also contribute to market depth, each with niche strengths and loyal customer segments.

Looking ahead to 2033, the MPS market offers ample opportunities for growth and innovation. Organizations prioritizing digital transformation, cost streamlining, security compliance, and environmental responsibility will increasingly favor managed printing providers.

Providers that expand their services to include value-added offerings such as document workflow management, data analytics, secure cloud printing, and sustainable hardware consumables are likely to capture outsized market share. The trend toward hybrid work, distributed teams, and regulatory compliance will further drive demand.

For investors, service providers, and enterprises evaluating printing strategies, the period leading up to 2033 represents both stability and transformation. The Managed Printing Services market backed by growing demand for centralized, secure, and efficient document management stands not just for steady growth, but for strategic relevance in a world increasingly aware of cost control, compliance, and sustainability.

Related Reports:
https://www.strategicrevenueinsights.com/industry/printed-circuit-boards-conformal-coatings-market

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About Strategic Revenue Insights Inc.
Strategic Revenue Insights Inc., a subsidiary of SRI Consulting Group Ltd, empowers organizations worldwide with data-driven market intelligence. Headquartered in London, United Kingdom, the firm delivers syndicated research reports, tailored consulting solutions, and actionable insights that equip clients to make confident, future-focused strategic decisions. Its team of seasoned analysts continuously tracks markets, identifies emerging trends, and uncovers growth opportunities to support long-term client success. As part of SRI Consulting Group Ltd, Strategic Revenue Insights Inc. is committed to accuracy, clarity, and practical relevance, helping businesses optimize strategies and accelerate revenue growth.

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