The managed print services market size has the potential to grow by $7.08 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by deployment (cloud-based, on-premise, and hybrid ) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ARC Document Solutions Inc., Canon Inc., Exela Technologies Inc., Hewlett Packard Enterprise Co., KYOCERA Corp., Lexmark International Inc., Ricoh Co. Ltd., Sharp Corp., Toshiba Corp., and Xerox Corp.
Market Overview

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Market Competitive Analysis

The managed print services (MPS) market is fragmented. Market vendors are focusing on both organic and inorganic growth strategies such as product launches and strategic alliances to expand their market foothold and sales. Lexmark International Inc., Ricoh Co. Ltd., Sharp Corp., Toshiba Corp., and Xerox Corp. are some of the major market participants. Although the increasing adoption of MPS by SMEs will offer immense growth opportunities, the integration of AI into the print industry will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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