Managed Print Services Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Managed print services (MPS) is a trusted mode that helps businesses to obtain the skills as well as expertise required to manage the cost, complexity as well as risk of an unmanaged print infrastructure. Large number of MPS providers is moving MPS in the wider territory of workflow or process automation or content management. However, it is the small group of organizations that have adopted these comprehensive services within their MPS engagements. But, these organizations are very positive about their MPS engagements outcome. Majority of clients are content with their MPS relationships, however, large number of them continue to express their desire for proactive and innovative business partnership.
As the market approaches maturity, the chance to drive greater business value via MPS, significantly in the context of digital transformation, is growing. This customer-centric as well as strategic approach to MPS needs innovation, insight along with industry expertise - sectors wherein MPS providers showcase mixed performance levels. The global managed print services market can be classified based on channel, enterprise size, deployment model, end-user and region. On the basis of channel, the global market is classified into channel partner/ core MPS providers and printer/copier manufacturers. Depending upon enterprise size, it is segmented small enterprise, medium enterprise, and large enterprise. As per deployment model, the global managed print services market is divided into hybrid, on-premise, and cloud-based. Based on end-user, the global market is divided into BFSI, manufacturing, telecom & IT, construction, education, healthcare, legal, construction, public & government, and others.
The global managed print services market is expected to face some hurdles in the forecast period. Factors such as doubt about the efficiency as well as effectiveness of managed print services and long-term recurring expenditure, requirement of higher bandwidth for the management of their data processes and avoid latency issues are expected to curtail the growth of this market Its rate of adoption is being jeopardized by the possibility of lack of efficiency in the cloud model of managed print services. Also, the operating expenses incurred in the managed print services outweigh the one-time investment cost of in-house IT infrastructure, thereby acting as a weakness to MPS adoption. Based on regions, the global managed print services market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America.
The North American region is anticipated to command the maximum market share and would lead the managed print services market during the forecast period. The presence of numerous startups in the North American market and favorable compliance rate as well as rigid government regulations for the business environment have led to high growth rate and high demand for managed print services. Owing to the presence of promising government regulations, European companies are investing in the North American market, thereby propelling the growth of managed print services market in the region.
The major companies that provide managed print services include Xerox Corporation, HP Development Company, L.P. , Ricoh Company, Ltd. and Lexmark International, Inc.
Segmentation:
Based On Channel
- Channel Partner/core Mps Providers
- Printer/copier Manufacturers
Based On Enterprise Size
- Small Enterprise
- Medium Enterprise
- Large Enterprise.
Based On Deployment Model
- Hybrid, On-premise
- Cloud-based
Based On End-user
- Bfsi
- Manufacturing
- Telecom & It
- Construction
- Education
- Healthcare
- Legal
- Construction
- Public & Government
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Managed Print Services Market
- Global Managed Print Services Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Managed Print Services Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- Global Managed Print Services Market Analysis and Forecast, by Deployment
- Overview and definitions
- Key segment analysis
- Global Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- Global Managed Print Services Market Analysis and Forecast, by Organization Size
- Overview and definitions
- Key segment analysis
- Global Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- Global Managed Print Services Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Managed Print Services Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- BFSI
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- Global Managed Print Services Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Managed Print Services Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Managed Print Services Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- North America Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- North America Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- North America Managed Print Services Market Estimates (US$ Mn), by Application, 2019 – 2032
- BFSI
- Education
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- North America Managed Print Services Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe Managed Print Services Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- Europe Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- Europe Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- Europe Managed Print Services Market Estimates (US$ Mn), by Application, 2019 – 2032
- BFSI
- Education
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- Europe Managed Print Services Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- Spain
- France
- Rest of Europe
- Asia Pacific Managed Print Services Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- Asia Pacific Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- Asia Pacific Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- Asia Pacific Managed Print Services Market Estimates (US$ Mn), by Application, 2019 – 2032
- BFSI
- Education
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- Asia Pacific Managed Print Services Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- South Korea
- Rest of Asia Pacific
- Middle East & Africa Managed Print Services Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- Middle East & Africa Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- Middle East & Africa Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- Middle East & Africa Managed Print Services Market Estimates (US$ Mn), by Application, 2019 – 2032
- BFSI
- Education
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- Middle East & Africa Managed Print Services Market Estimates (US$ Mn), Country, 2019 – 2032
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East
- South America Managed Print Services Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Managed Print Services Market Estimates (US$ Mn), by Type, 2019 – 2032
- Print Management
- Device Management
- Discovery and Design
- Document Imaging
- South America Managed Print Services Market Estimates (US$ Mn), by Deployment, 2019 – 2032
- On-premises
- Cloud
- South America Managed Print Services Market Estimates (US$ Mn), by Organization Size, 2019 – 2032
- Large Enterprises
- Small and Medium Enterprises
- South America Managed Print Services Market Estimates (US$ Mn), by Application, 2019 – 2032
- BFSI
- Education
- Government
- Healthcare
- Industrial Manufacturing
- Retail
- Telecom & IT
- Others
- South America Managed Print Services Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Managed Print Services Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- ARC Document Solutions Inc.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Brother Industries Ltd.
- Canon Inc.
- HP Inc.
- Konica Minolta Inc.
- Lexmark International Inc.
- Xerox Corporation
- Ricoh Company Ltd.
- Sharp Corporation
- Toshiba Corporation
- WeP Solutions Ltd
- ARC Document Solutions Inc.
- Conclusion & Recommendations
Frequently asked questions about this report
What is the time duration considered while assessing the market?
The managed print services analysis market has been assessed for the years 2019 to 2032.
What are the prominent managed print services market players across the globe?
Major players operating in the global managed print services market include Xerox Corporation, HP Development Company, L.P. , Ricoh Company, Ltd. and Lexmark International, Inc.
What segments are covered in the managed print services market report?
The global managed print services market segmented on the basis of Channel, Enterprise Size, Deployment Model, End-user and grography.
Which segment accounted for the largest managed print services market share?
The North American region is anticipated to command the maximum market share and would lead the managed print services market during the forecast period. The presence of numerous startups in the North American market and favorable compliance rate as well as rigid government regulations for the business environment have led to high growth rate and high demand for managed print services.