Managed Print Services (MPS) Market - Global Industry Analysis,Trends and Forecast 2016 – 2024

In a cost-sensitive environment, organizations are highly influenced by the cost benefits offered by MPS by reducing the operational costs of their printing activities. This is one of the major factors attracting organizations to adopt MPS. The need for the streamlining of the printing workflow and for monitoring and control of printer usage by employees have added to the cost reduction benefits achieved through the implementation of MPS. The growth of the MPS market is also expected to be driven by environmental benefits such as a reduction in paper wastage and efficient use of energy achieved through the implementation of MPS. Growth in awareness about the benefits of MPS in the SMEs is expected to further boost the growth of the MPS market in the coming years.

Channel partner/core MPS providers accounted for the largest share of the total MPS market in 2015. In order to cater to the ever increasing demand for MPS in the discrete SMEs sector, lead MPS vendors have turned to channel partners in order to expand their customer base by targeting untapped opportunities. Furthermore, cloud-based deployment was the largest segment of the MPS market in 2015 and is likely to dominate over the forecast period. The cost effectiveness of cloud-based MPS deployment and reduction in the burden on organizations’ internal servers are some of the major factors expected to drive the cloud-based MPS market in the coming years.

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The government and public end-use segment was the largest in 2015 and is likely to hold its top position in terms of revenue share the forecast period. Government authorities deal in a high amount of paperwork and their high preference for security of these vital documents/data has influenced the dominance of the government and public sector segment in the MPS market.

The major key companies operating in MPS market include Xerox Corporation, ARC Document Solutions, Inc., Ricoh Company Ltd., Lexmark Corporation, Canon, Inc., Konica Minolta, Inc., KYOCERA Corporation, Toshiba Corporation, HP Development, L.P., and Print Audit. Key players are focusing on increasing the number of channel partners and geographical expansion to increase their market presence.

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The managed print services (MPS) market is segmented as below.

Managed Print Services Market

By Channel

Printer/Copier Manufacturers

Channel Partner/Core MPS Providers

By Enterprise Size

SMEs

Large Enterprises

By Deployment

On-premise

Hybrid

Cloud-based

By End-use

BFSI

Telecom and IT

Government and Public

Health care

Education

Legal

Construction

Manufacturing

Others

By Geography

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

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