Managed Print Services Market Size - Industry Share Report 2018-2023


Posted January 15, 2019 by stevestark002

Managed Print Services Market - 2023 | MarketsandMarkets

 
The managed print services market, in terms of value, is expected to grow from USD 28.40 billion in 2016 to USD 50.78 billion by 2023, at a CAGR of 8.5% between 2017 and 2023. The major drivers for the market are reduced cost of operation and flexibility to match custom requirements, persistent rise in complexity of technological solutions, continuous upsurge in the dependency over heterogeneous network of applications and infrastructure, steep increase in the adoption of big data solutions, and competent technical support by managed print service providers among others.

https://www.marketsandmarkets.com/Market-Reports/Managed-Print-Services-MPS-and-Document-Management-Systems-(DMS)-Market-620.html

Managed print services (MPS) are services offered by an external provider to optimize or manage a company’s document output. Outsourcing helps companies reduce the cost incurred on network and IT spending by eliminating Capex and Opex. More than a cost control tool, it also helps organizations to gain a competitive advantage by improving efficiency and providing business differentiation.

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This report covers the managed print services market based on deployment mode, into on-premises, cloud based, and hybrid. Hybrid deployment is expected to be the fastest-growing deployment mode in market as it offers together benefits of cloud-based and on-premise deployment. In this deployment type, a user can have services that are hosted locally or on premises and some services managed by cloud service providers.

Managed print services market has different channels such as printer/copier manufacturers, system integrators/resellers, independent software vendors (ISVs). Organizations realizing the importance of MPS in efficient printing techniques are driving the growth of this market worldwide. Additionally, the increasing use of analytics and cloud computing technologies in printing is expected to increase the requirement for managed print services.

The managed print services market in APAC is expected to grow at the highest rate between 2017 and 2023. APAC has witnessed a rapid growth in industrialization over the past decade, which has created a lot of opportunities for MPS. The MPS market in APAC has potential to grow in the near future. The increasing industrialization and high-end technological requirements of businesses are expected to drive the cloud-based MPS market in APAC.

The managed print services ecosystem includes manufacturers and resellers such as Xerox Corporation (US), HP Development Company, L.P. (US), Lexmark International Corporation (US), and ARC Document Solutions, Inc. (US), Kyocera Corporation (Japan), Sharp Corporation (Japan), Konica Minolta, Inc. (Japan), Ricoh Company, Ltd. (Japan), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea) and other end users.

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Issued By Chandrakant
Phone 8886006441
Business Address 630 Dundee Road
Suite 430
Country United States
Categories Semiconductors
Tags managed print services market
Last Updated January 15, 2019