Market Overview:
The global managed print service market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based managed print services and the growing need for cost-effective and efficient printing solutions among enterprises. The market is segmented by type, application, and region. By type, the market is segmented into cloud-based, on-premise, and hybrid managed print services. Cloud-based MPS are witnessing high adoption due to their low cost and easy deployment options. They offer various benefits such as reduced TCO (total cost of ownership), improved security & compliance, increased efficiency & productivity, etc., which are driving their adoption among small & medium enterprises (SMEs) as well as large enterprises worldwide. By application, the market is divided into SMEs and large enterprises segments.
Product Definition:
A Managed Print Service (MPS) is a service that organizations use to manage and optimize their printing environment. An MPS typically includes a assessment of current printing infrastructure, implementation of best practices, regular monitoring and management of printers and supplies, as well as cost-saving measures. The goal of an MPS is to improve efficiency and reduce costs related to printing.
Cloud-based:
Cloud-based is a model of delivering services wherein the software and hardware are provided as a service by an organization. In this model, the customer can access any printer from anywhere in the world through internet connection. The cloud-based managed print service is ideal for organizations that have multiple printers to manage and want to centralize printing functions with minimum intervention from physical offices.
On-premise:
On-premise is a computer software implementation of the service. It is installed on the end user's computers and servers for printing services. The installation process can be done by either using a standalone application or through an agent that is usually included in printer manufacturer's software. On-premise managed print services are used when companies have their own server/computer systems to handle all the printing needs, which include providing spooling, jobs management, and print monitoring features among others.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) segment held the largest market share in 2017. SMEs are widely adopting managed print services owing to the ease of use, cost-effectiveness, and improved user experience. The large enterprises segment is expected to register a significant CAGR over the forecast period as they can manage complex IT infrastructures more efficiently by integrating different applications through MPS.
Managed print services have numerous uses across various industries such as BFSI, retail & e-commerce, government & public sector, healthcare & medical among others which include legal firms and education institutions.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing awareness about MPS among SMEs in China and India. In 2016, a study was conducted by IBM Corporation to understand the digital business models of small & medium enterprises (SMEs) in China. The study concluded that nearly 50% of SMEs were using managed print services for various purposes including printing, scanning, copying and distribution of printed materials at their place or offsite storage/warehousing services for documents.
The market in North America is anticipated to grow moderately during the forecast period owing to increased adoption by large enterprises as well as startups across U.S., Canada and Mexico for effective communication with stakeholders such as clients, customers, employees etc.
Growth Factors:
- Increased demand for managed print services from small and medium-sized businesses (SMBs) due to the growing trend of outsourcing non-core business processes to third-party service providers.
- The increasing popularity of multifunction printers (MFPs), which are typically offered as part of a managed print service, is driving market growth. MFPs offer users the ability to scan, copy, and print documents, as well as access other features such as faxing and emailing, all from a single device.
- Rapid technological advancements in the printing industry are resulting in new opportunities for managed print service providers (MPSPs) to provide innovative solutions that can improve their customers' printing environments and operations.
- The proliferation of mobile devices has led to an increase in the number of documents being printed remotely, creating new opportunities for MPSPs to provide mobile printing solutions that allow users to easily and securely print documents from their smartphones or tablets using cloud-based technologies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Managed Print Service Market Research Report
By Type
Cloud-based, On-premise, Hybrid
By Application
SMEs, Large Enterprises
By Companies
Fuji Xerox, Ricoh, HP, Konica Minolta, Canon, Lexmark, DXC Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Managed Print Service Market Report Segments:
The global Managed Print Service market is segmented on the basis of:
Types
Cloud-based, On-premise, Hybrid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fuji Xerox
- Ricoh
- HP
- Konica Minolta
- Canon
- Lexmark
- DXC Technology
Highlights of The Managed Print Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premise
- Hybrid
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Managed Print Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Managed print service is a printing technology that allows businesses to centrally manage their print needs from one location. This can include setting prices, managing inventory, and receiving notifications when prints are ready. Managed print services can also be used to send digital files directly to printers, eliminating the need for employees to carry around large folders of printed materials.
Some of the major players in the managed print service market are Fuji Xerox, Ricoh, HP, Konica Minolta, Canon, Lexmark, DXC Technology.
The managed print service market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Managed Print Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Managed Print Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Managed Print Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Managed Print Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Managed Print Service Market Size & Forecast, 2020-2028
4.5.1 Managed Print Service Market Size and Y-o-Y Growth
4.5.2 Managed Print Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.2.3 Hybrid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Managed Print Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Managed Print Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
9.6.3 Hybrid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
10.6.3 Hybrid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
11.6.3 Hybrid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
12.6.3 Hybrid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
13.6.3 Hybrid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Managed Print Service Market: Competitive Dashboard
14.2 Global Managed Print Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fuji Xerox
14.3.2 Ricoh
14.3.3 HP
14.3.4 Konica Minolta
14.3.5 Canon
14.3.6 Lexmark
14.3.7 DXC Technology
