Managed Print Services Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR41643
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The managed print services (MPS) market has the potential to grow by USD 6.28 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.72%.

This managed print services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased adoption of MPS by SMEs is notably driving the managed print services market growth, although factors such as increasing use of digital media may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the managed print services industry get your FREE report sample now.

This report provides extensive insights on segmentation by deployment (cloud-based, on-premise, and hybrid) and geography (North America, Europe, APAC, South America, and MEA). The managed print services market report also offers information on several market vendors, including ARC Document Solutions Inc., Canon Inc., Exela Technologies Inc., HP Inc., KYOCERA Corp., Lexmark International Inc., Ricoh Co. Ltd., Sharp Corp., Toshiba Corp., and Xerox Corp. among others.

What will the Managed Print Services Market Size be in 2021?

Managed-Print-Services-Market-Market-Size-2020-2025

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Managed Print Services Market: Key Drivers and Trends

  • The increasing adoption of MPS by SMEs is one of the key factors driving managed print services market growth.
  • SMEs across the world are increasingly adopting cloud-based MPS due to budget constraints.
  • MPS is also helping SMEs in reducing printing costs and optimizing the use of resources. 
  • Moreover, governments across the world are providing incentives, favorable tax regulations, and easy access to loans to support the growth of SMEs.
  • Several governments are also offering educational programs and coaching to SME owners to aid in business expansion.
  • The growing digitization has further increased the adoption of MPS by SMEs. This is encouraging vendors in the market to introduce cloud-based managed print services.
  • The integration of AI into the print industry is one of the key managed print services market trends.
  • The integration of AI with print machines, fax machines, and others is helping organizations automate their business processes.
  • AI-enabled printing devices are secure and also protect other equipment connected to a centralized network.
  • AI, combined with machine learning, helps print devices to self-monitor and self-heal by analyzing real-time attacks caused by AI breaches.
  • The data generated from connected devices is helping organizations in making smart decisions.
  • The benefits are encouraging vendors to manufacture AI-enabled products and solutions to automate print operations and perform predictive maintenance.

This managed print services market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Managed Print Services Market Vendors?

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.
  • HP Inc.
  • KYOCERA Corp.
  • Lexmark International Inc.
  • Ricoh Co. Ltd.
  • Sharp Corp.
  • Toshiba Corp.
  • Xerox Corp.

 

The MPS market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the managed print services market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Managed Print Services Market?

Managed-Print-Services-Market-Market-Share-by-Region-2020-2025

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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for managed print services in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

The presence of a high number of enterprises from the BFSI, IT, healthcare, education, and other sectors will facilitate the MPS market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Deployment Segments in the Managed Print Services Market?

Managed-Print-Services-Market-Market-Share-by-Deployment-2020-2025

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The managed print services market share growth by the cloud-based segment will be significant during the forecast period. The primary reasons for the increasing adoption of cloud-based MPS are globalization and the expanding geographical presence of end-users operating in the IT, BFSI, and retail sectors, which give rise to the need for a centralized system for print-related operations. 

Besides the above-mentioned factors, the post COVID-19 impact has fast-tracked the demand for cloud-based MPS owing to the adoption of remote working by organizations. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the managed print services market size.

 

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What are the Key Factors Covered in this Managed Print Services Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive managed print services market growth during the next five years
  • Precise estimation of the MPS market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the managed print services industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of managed print services market vendors

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Managed Print Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 6.28 billion

Market structure

Fragmented

YoY growth (%)

4.12

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, China, Germany, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ARC Document Solutions Inc., Canon Inc., Exela Technologies Inc., HP Inc., KYOCERA Corp., Lexmark International Inc., Ricoh Co. Ltd., Sharp Corp., Toshiba Corp., and Xerox Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The managed print services market growth will increase by $2300.88 million during 2019-2024.
The managed print services market is expected to grow at a CAGR of 1.68% during 2019-2024.
Technavio has segmented the managed print services market by deployment (Cloud-based, On-premise, and Hybrid) and geographic (North America, Europe, APAC, South America, and MEA).
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., Xerox Corp. are a few of the key vendors in the managed print services market.
North America will register the highest growth rate of 33.72% among the other regions. Therefore, the managed print services market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the managed print services market growth are:
  • Need for the reduction of hardware and consumables costs
The managed print services market vendors should focus on grabbing business opportunities from the cloud-based segment as it accounted for the largest market share in the base year.
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