USD 44.40 billion
Global Managed Print Services (MPS) market Size, Share, Growth Analysis, By Deployment Mode(On-Premises, Cloud-Based), By Channel type(Printer/Copier Manufacturers, System Integrators/Resellers), By Industry vertical(Banking, Financial Services) - Industry Forecast 2024-2031
Report ID:
SQMIG45B2096 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
88 |
Figures:
76
Global Managed Print Services (MPS) market Insights
Global Managed Print Services (MPS) Market size was valued at USD 44.40 billion in 2022 and is poised to grow from USD 49.51 billion in 2023 to USD 118.27 billion by 2031, at a CAGR of 11.50% during the forecast period (2024-2031).
The worldwide managed print offerings (MPS) marketplace has been experiencing regular growth in current years, pushed with the aid of growing focus amongst businesses approximately the benefits of outsourcing their print control desires. As groups are seeking to streamline their operations and decrease costs, MPS companies have turn out to be instrumental in optimizing print environments. This enterprise's growth can also be attributed to the growing emphasis on sustainability, with MPS solutions supporting businesses reduce paper waste and power intake.
Additionally, the rapid tempo of technological improvements inside the printing industry and the growing call for for cloud-based solutions have further fueled the adoption of MPS offerings. To stay competitive, MPS providers are continuously innovating to offer a much broader variety of offerings, along with record protection, far off monitoring, and predictive preservation.
Overall, the worldwide managed print services marketplace is poised for continued enlargement as businesses recognize the price of outsourcing their printing desires to specialized service vendors.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud-based
Fastest Growth
Cloud-based
Growth Rate
11.50% CAGR
Global Managed Print Services (MPS) market ($ Bn)
Country Share for NORTH AMERICA Region (%)
Global Managed Print Services (MPS) market by Deployment type ($ Bn)
Global Managed Print Services (MPS) market by Deployment type (%)
To get more reports on the above market click here to Buy The Report
Global Managed Print Services (MPS) market Segmental Analysis
The worldwide managed print services (MPS) marketplace is segmented on the premise of deployment mode, channel type, enterprise vertical, and place. Based on deployment mode the market is segmented as On-Premises, Cloud-Based. On the premise of channel kind the market is segmented as Printer/Copier Manufacturers, System Integrators/Resellers. Based on industry vertical, it is segregated into Banking, Financial Services, and Insurance (BFSI). Based on area, the marketplace is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis via Deployment Mode
Cloud-based totally deployment mode has emerged because the dominant force inside the Managed Print Services (MPS) marketplace. This dominance can be attributed to its inherent blessings, which include scalability, ease of integration, and reduced prematurely charges. Organizations are increasingly spotting the blessings of cloud-primarily based MPS in streamlining operations and allowing faraway management talents.
However, on-premises deployment mode proved to be the fastest developing inside the MPS market. This is specifically prevalent amongst large firms with particular protection and compliance necessities. However, the boom charge for on-premises solutions is exceedingly constant as compared to the dynamic growth found in cloud-based totally offerings. As groups more and more prioritize flexibility and cost-effectiveness, the shift toward cloud-based totally MPS is expected to maintain its momentum within the foreseeable destiny.
Analysis by Channel Type
System Integrators and Resellers are currently the dominating channel kind in the Global Managed Print Services (MPS) market. They have established a robust presence via supplying complete MPS solutions that cater to the various wishes of groups. Their capacity to offer customized, end-to-quit offerings and aid, along with their enormous community, positions them as the favored preference for plenty agencies searching for MPS answers. Their agility and adaptability in addressing evolving marketplace trends and customer needs make contributions to their dominance.
Moreover, System Integrators and Resellers also are the fastest-growing channel type inside the MPS marketplace. This boom can be attributed to their capability to deliver included MPS solutions that encompass hardware, software, and services. As businesses increasingly more are seeking for one-stop-save answers to streamline their print management, System Integrators and Resellers are increasing their portfolios to meet this call for.
Global Managed Print Services (MPS) market by Deployment type, 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Managed Print Services (MPS) market Regional Insights
North America presently dominates the worldwide controlled print services (MPS) market because of its superior technological infrastructure and the full-size adoption of controlled print offerings among companies. The vicinity's mature marketplace, coupled with a excessive awareness of cost-performance and sustainability blessings, has contributed to its leadership within the MPS area.
However, the Asia Pacific is the quickest-growing vicinity within the international controlled print services (MPS) marketplace. This growth may be attributed to the place's expanding commercial enterprise landscape, increasing digitization efforts, and a growing want for green file management solutions. Additionally, emerging economies inside Asia Pacific are increasingly spotting the blessings of MPS in optimizing operational prices and improving productivity, similarly driving the market's rapid expansion.
Global Managed Print Services (MPS) market by Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Managed Print Services (MPS) market Dynamics
Drivers
Technological Advancements
- The continuous evolution of printing technology, together with the mixing of IoT, cloud computing, and Artificial intelligence, is improving the abilities of MPS offerings. These technological innovations enable greater green and price-powerful print management, document safety, and workflow optimization, using the adoption of MPS solutions throughout numerous industries.
Restraints
Initial Implementation Costs
- A large restraint inside the international Managed Print Services (MPS) market is the preliminary implementation charges associated with adopting MPS solutions. While MPS can lead to long-term value savings, the premature investment required for hardware, software, and services may be significant for some companies. This fee barrier can deter smaller agencies from embracing MPS and might require cautious financial planning and analysis to justify the investment. However, it's critical to note that the long-time period advantages frequently outweigh these initial prices.
Request Free Customization of this report to help us to meet your business objectives.
Global Managed Print Services (MPS) market Competitive Landscape
The aggressive panorama within the international managed print services (MPS) market is characterised by excessive competition amongst numerous nicely-set up and emerging gamers. Companies working on this area are continually striving to distinguish themselves by offering a big range of MPS answers and associated offerings.
To take advantage of a competitive part, gamers are closely investing in research and improvement to stay at the forefront of technological improvements, in particular in areas like cloud integration, safety, and automation. Partnerships and collaborations with other generation companies are also common strategies, allowing a broader service portfolio.
Moreover, the market is witnessing a fashion in the direction of sustainability, with gamers focusing on eco-friendly printing solutions and emphasizing environmental duty as a promoting point. Overall, the aggressive panorama inside the MPS market is dynamic, with innovation and provider diversification being key drivers of achievement.
Top Player’s Company Profiles
- Xerox Corporation (US)
- Ricoh Company, Ltd. (Japan)
- Konica Minolta, Inc. (Japan)
- Canon, Inc. (Japan)
- Lexmark International, Inc. (US)
- Kyocera Corporation (Japan)
- Sharp Corporation (Japan)
- Toshiba Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
- Brother Industries, Ltd. (Japan)
- Epson America, Inc. (US)
- Oki Electric Industry Co., Ltd. (Japan)
- Fujitsu Limited (Japan)
- Riso Kagaku Corporation (Japan)
- Lenovo Group Limited (China)
- Dell Technologies, Inc. (US)
- Panasonic Corporation (Japan)
- Pitney Bowes Inc. (US)
- Lexmark International Ltd. (UK)
Recent Developments
- September 2022: Fisher's Technology has obtained the Managed Print Services division of VLCM, an IT solutions company. All different enterprise segments, consisting of cybersecurity, facts facilities, BU/DR, virtualization, hybrid clouds, networking, Microsoft, UC, audio/visual, and expert services, will continue to be beneath the control of VLCM.
- July 2022: The HP LaserJet Managed E800 and E700 series multi-feature printers, created for the hybrid place of job, had been announced by using HP Inc. The printers can defend towards, discover, and get over threats way to HP Wolf Enterprise Security. Additionally, they comprise Memory Shield energetic machine monitoring, Connection Inspector, HP Sure Start, and permit listing. The E800 and E700 Flow fashions additionally offer workflow solutions with the brand new FLOW 2.Zero features, together with the capacity to immediately regulate content material on the manage panel (highlight, redact, even signal) and custom designed shortcuts.
- In July 2022, Xerox Corporation acquired Go Inspire, a provider of print and virtual advertising and conversation offerings, to extend its digital services and printing answers agencies in EMEA.
Global Managed Print Services (MPS) market Trends
- Managed Print Services (MPS) Embracing Artificial Intelligence (AI): MPS vendors are leveraging AI to enhance print surroundings performance, predictive maintenance, and security. AI-driven analytics and automation are helping organizations benefit from deeper insights into their print operations, optimize workflows, reduce downtime, and proactively deal with printing troubles. This fashion is pushed by the growing demand for wise, data-pushed answers that not only manipulate printing wishes but also make contributions to broader digital transformation tasks within agencies.
Global Managed Print Services (MPS) market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global managed print offerings (MPS) market evaluation, the marketplace has been experiencing a large boom pushed with the aid of numerous key elements. Increased cognizance of the fee financial savings and performance enhancements presented with the aid of MPS, in addition to the emphasis on sustainability, has caused considerable adoption across industries. Technological improvements, particularly in AI and cloud computing, are reshaping the marketplace, enabling more efficient print control and document protection.
However, the initial implementation charges continue to be a challenge for a few groups. The competitive panorama is dynamic, with corporations specializing in innovation, partnerships, and sustainability to advantage a competitive area.
Looking ahead, the MPS market is poised for enduring enlargement. As organizations an increasing number of prioritize virtual transformation and faraway paintings, the demand for efficient report management answers is predicted to upward push. AI and device getting to know will play a pivotal position in addition optimizing print operations, decreasing expenses, and enhancing security.
Additionally, the market is able to witness extra customization of MPS services to fulfill the unique desires of diverse industries. Sustainability will remain a vast motive force, with MPS vendors developing green solutions. Overall, the future of the MPS market seems promising, with technology and sustainability as key riding forces.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 44.40 billion |
| Market size value in 2031 | USD 118.27 billion |
| Growth Rate | 11.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Managed Print Services (MPS) market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Managed Print Services (MPS) market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Managed Print Services (MPS) market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Managed Print Services (MPS) market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Managed Print Services (MPS) market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Managed Print Services (MPS) market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Managed Print Services (MPS) market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
