Managed Print Services Market - Forecast(2024 - 2030)
Overview
Managed Print Services Market is forecast to reach $58.6billion by 2025, after growing at a CAGR of 10.18% during 2020-2025. It allows small, medium and large scale enterprises to eliminate print servers and streamline print management thereby increasing the efficiency by cut down on consumables usage for good. It also allows the organizations in print fleet management by providing the managed document services across the globe.The report covers Managed Print Services Market size by type and applications, Managed Print Services Market share by top 5 companies and also the market share by start-ups during the forecast period.
Key Takeaways
- North America dominated the managed print services market during the forecast period owing to the high manufacturers’ presence impacting the potential revenue of the region in 2018.
- BFSI industry is analyzed to hold the highest market share owing to the significant usage of these services in the industry.
- Increasing adoption of big solutions in various industries owing to the advantages including reduced costs and increase in productivity is analyzed to drive the market during the forecast period 2020-2025.
Organization Size - Segment Analysis
Although the large Enterprises
hold the highest market share as of 2018, small and medium scale enterprises
are analyzed to show highest growth during the forecast period which is mainly
attributed to the cast sensitivity of the managed print services. The MPS helps
the organization in managing print devices such as printers, fax machines,
copiers, and multi function devices. Xerox has stated that by employing the
managed print services, the Newport City Council has observed >50% savings
over a five year contract.
Application - Segment Analysis
BFSI industry is
analyzed to hold the market share in 2019, however healthcare industry is
analyzed to grow at highest rate during the forecast period due to high
adoption rate. The market share for BFSI sector is mainly due to the wide use
of papers for loan applications, new account opening and other purposes, which
leads to high investment cost in resources. The high adoption in healthcare
industry is mainly attributed to the management and optimization a high-volume
print environment while reducing vulnerabilities with thousands of devices,
which fuels the growth of the managed print services market.
Geography - Segment Analysis
North America dominated the Managed Print Services
market, followed by APAC and Europe. The growth in the North America region is
mainly due to the presence of leading
printer/copier manufacturers, favorable government regulations, and rise in
number of start-ups in this region. Moreover, the higher adoption rates of the
managed print services in healthcare and government industries in the U.S. is
further fuelling the growth of the managed print services market. The growth in
APAC region is mainly attributed to the high adoption of these services in the
small and medium scale enterprises.
Drivers – Managed Print Services Market
- Rise in initiatives to reduce paper wastage at work place
Organizations are increasingly
implementing the green initiatives for the purpose of customer-facing benefit
and also cost savings benefits that green initiatives can bring. For these
green initiatives, many organizations have begun to opt for ways to reduce
paper usage and wastage in the workplace thereby ensuring a simple,
straightforward and effective path toward more far-reaching sustainability
goals. Moreover the managed print services enable organizations to make
incredible progress toward efficiency on a permanent basis. It allows small,
medium and large scale organizations to eliminate print servers and streamline
print management.
Challenges – Managed Print Services Market
- Security Concerns in the Cloud based services
Although, the cloud based deployment model is employed is
industries it poses the security concerns in the organizations thereby
hindering the growth of the market. Cloud based deployment creates
vulnerabilities on printers to become a more common attack vector, as
cyber-attacks that exploit IoT devices are continuously on the rise. Moreover protecting print environment is
challenging due to its complexity, particularly with mixed fleets compromising
outdated old and new devices.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Managed Print Services
market. In 2018, the market of Managed Print Services has been consolidated by the
top players including Xerox, HP Inc., Ricoh Company, Ltd., Lexmark
International, Inc., Konica Minolta, Inc., Canon Inc., Kyocera Document
Solutions, Sharp Electronics, Toshiba, and ARC Document Solutions among others.
Acquisitions/Technology Launches
- In September 2018, Apollo Hospitals has awarded Xerox a multi-year contract for Managed Printing Services. Through this agreement, Xerox will deliver and manage Xerox ConnectKey-enabled workplace assistants.
1.1 Definitions and Scope
2. Managed Print Services Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Managed Print Services Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Managed Print Services Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Managed Print Services Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Managed Print Services Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Managed Print Services Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Managed Print Services Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Managed Print Services- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Managed Print Services- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Managed Print Services - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Managed Print Services - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Managed Print Services Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Managed Print Services Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Managed Print Services Market - Key Company List by Country Premium
15. Managed Print Services Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Managed Print Services Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)1.1 Application Managed Print Service Market Market 2023-2030 ($M) - Global Industry Research
1.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
1.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
1.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
1.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
1.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
1.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
1.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
2.Global Competitive Landscape Market 2023-2030 ($M)
2.1 Xerox Corporation Market 2023-2030 ($M) - Global Industry Research
2.2 Hewlett-Packard Market 2023-2030 ($M) - Global Industry Research
2.3 Ricoh Market 2023-2030 ($M) - Global Industry Research
2.4 Lexmark Corporation Market 2023-2030 ($M) - Global Industry Research
2.5 Konica Minolta Inc Market 2023-2030 ($M) - Global Industry Research
2.6 Arc Document Solution Inc Market 2023-2030 ($M) - Global Industry Research
2.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Global Industry Research
2.8 Canon Market 2023-2030 ($M) - Global Industry Research
2.9 Sharp Corporation Market 2023-2030 ($M) - Global Industry Research
2.10 Toshiba Market 2023-2030 ($M) - Global Industry Research
3.Global Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 (Volume/Units)
3.1 Application Managed Print Service Market Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Bfsi Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.2 Education Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.3 Government Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.4 Healthcare Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 (Volume/Units)
3.1.7 Telecom It Managed Print Service Market Market 2023-2030 (Volume/Units)
4.Global Competitive Landscape Market 2023-2030 (Volume/Units)
4.1 Xerox Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Hewlett-Packard Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Ricoh Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Lexmark Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Konica Minolta Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Arc Document Solution Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Samsung Electronics Co , Ltd Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Canon Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Sharp Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Toshiba Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)
5.1 Application Managed Print Service Market Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
5.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
5.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
5.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
5.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
5.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
5.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
6.North America Competitive Landscape Market 2023-2030 ($M)
6.1 Xerox Corporation Market 2023-2030 ($M) - Regional Industry Research
6.2 Hewlett-Packard Market 2023-2030 ($M) - Regional Industry Research
6.3 Ricoh Market 2023-2030 ($M) - Regional Industry Research
6.4 Lexmark Corporation Market 2023-2030 ($M) - Regional Industry Research
6.5 Konica Minolta Inc Market 2023-2030 ($M) - Regional Industry Research
6.6 Arc Document Solution Inc Market 2023-2030 ($M) - Regional Industry Research
6.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
6.8 Canon Market 2023-2030 ($M) - Regional Industry Research
6.9 Sharp Corporation Market 2023-2030 ($M) - Regional Industry Research
6.10 Toshiba Market 2023-2030 ($M) - Regional Industry Research
7.South America Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)
7.1 Application Managed Print Service Market Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
7.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
7.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
7.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
7.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
7.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
7.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
8.South America Competitive Landscape Market 2023-2030 ($M)
8.1 Xerox Corporation Market 2023-2030 ($M) - Regional Industry Research
8.2 Hewlett-Packard Market 2023-2030 ($M) - Regional Industry Research
8.3 Ricoh Market 2023-2030 ($M) - Regional Industry Research
8.4 Lexmark Corporation Market 2023-2030 ($M) - Regional Industry Research
8.5 Konica Minolta Inc Market 2023-2030 ($M) - Regional Industry Research
8.6 Arc Document Solution Inc Market 2023-2030 ($M) - Regional Industry Research
8.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
8.8 Canon Market 2023-2030 ($M) - Regional Industry Research
8.9 Sharp Corporation Market 2023-2030 ($M) - Regional Industry Research
8.10 Toshiba Market 2023-2030 ($M) - Regional Industry Research
9.Europe Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)
9.1 Application Managed Print Service Market Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
9.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
9.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
9.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
9.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
9.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
9.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
10.Europe Competitive Landscape Market 2023-2030 ($M)
10.1 Xerox Corporation Market 2023-2030 ($M) - Regional Industry Research
10.2 Hewlett-Packard Market 2023-2030 ($M) - Regional Industry Research
10.3 Ricoh Market 2023-2030 ($M) - Regional Industry Research
10.4 Lexmark Corporation Market 2023-2030 ($M) - Regional Industry Research
10.5 Konica Minolta Inc Market 2023-2030 ($M) - Regional Industry Research
10.6 Arc Document Solution Inc Market 2023-2030 ($M) - Regional Industry Research
10.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
10.8 Canon Market 2023-2030 ($M) - Regional Industry Research
10.9 Sharp Corporation Market 2023-2030 ($M) - Regional Industry Research
10.10 Toshiba Market 2023-2030 ($M) - Regional Industry Research
11.APAC Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)
11.1 Application Managed Print Service Market Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
11.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
11.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
11.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
11.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
11.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
11.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
12.APAC Competitive Landscape Market 2023-2030 ($M)
12.1 Xerox Corporation Market 2023-2030 ($M) - Regional Industry Research
12.2 Hewlett-Packard Market 2023-2030 ($M) - Regional Industry Research
12.3 Ricoh Market 2023-2030 ($M) - Regional Industry Research
12.4 Lexmark Corporation Market 2023-2030 ($M) - Regional Industry Research
12.5 Konica Minolta Inc Market 2023-2030 ($M) - Regional Industry Research
12.6 Arc Document Solution Inc Market 2023-2030 ($M) - Regional Industry Research
12.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
12.8 Canon Market 2023-2030 ($M) - Regional Industry Research
12.9 Sharp Corporation Market 2023-2030 ($M) - Regional Industry Research
12.10 Toshiba Market 2023-2030 ($M) - Regional Industry Research
13.MENA Managed Print Service Market:Application Outlook And Trend Analysis Market 2023-2030 ($M)
13.1 Application Managed Print Service Market Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Bfsi Managed Print Service Market Market 2023-2030 ($M)
13.1.2 Education Managed Print Service Market Market 2023-2030 ($M)
13.1.3 Government Managed Print Service Market Market 2023-2030 ($M)
13.1.4 Healthcare Managed Print Service Market Market 2023-2030 ($M)
13.1.5 Industrial Manufacturing Managed Print Service Market Market 2023-2030 ($M)
13.1.6 Retail Consumer Good Managed Print Service Market Market 2023-2030 ($M)
13.1.7 Telecom It Managed Print Service Market Market 2023-2030 ($M)
14.MENA Competitive Landscape Market 2023-2030 ($M)
14.1 Xerox Corporation Market 2023-2030 ($M) - Regional Industry Research
14.2 Hewlett-Packard Market 2023-2030 ($M) - Regional Industry Research
14.3 Ricoh Market 2023-2030 ($M) - Regional Industry Research
14.4 Lexmark Corporation Market 2023-2030 ($M) - Regional Industry Research
14.5 Konica Minolta Inc Market 2023-2030 ($M) - Regional Industry Research
14.6 Arc Document Solution Inc Market 2023-2030 ($M) - Regional Industry Research
14.7 Samsung Electronics Co , Ltd Market 2023-2030 ($M) - Regional Industry Research
14.8 Canon Market 2023-2030 ($M) - Regional Industry Research
14.9 Sharp Corporation Market 2023-2030 ($M) - Regional Industry Research
14.10 Toshiba Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Managed Print Services Market Revenue, 2023-2030 ($M)2.Canada Managed Print Services Market Revenue, 2023-2030 ($M)
3.Mexico Managed Print Services Market Revenue, 2023-2030 ($M)
4.Brazil Managed Print Services Market Revenue, 2023-2030 ($M)
5.Argentina Managed Print Services Market Revenue, 2023-2030 ($M)
6.Peru Managed Print Services Market Revenue, 2023-2030 ($M)
7.Colombia Managed Print Services Market Revenue, 2023-2030 ($M)
8.Chile Managed Print Services Market Revenue, 2023-2030 ($M)
9.Rest of South America Managed Print Services Market Revenue, 2023-2030 ($M)
10.UK Managed Print Services Market Revenue, 2023-2030 ($M)
11.Germany Managed Print Services Market Revenue, 2023-2030 ($M)
12.France Managed Print Services Market Revenue, 2023-2030 ($M)
13.Italy Managed Print Services Market Revenue, 2023-2030 ($M)
14.Spain Managed Print Services Market Revenue, 2023-2030 ($M)
15.Rest of Europe Managed Print Services Market Revenue, 2023-2030 ($M)
16.China Managed Print Services Market Revenue, 2023-2030 ($M)
17.India Managed Print Services Market Revenue, 2023-2030 ($M)
18.Japan Managed Print Services Market Revenue, 2023-2030 ($M)
19.South Korea Managed Print Services Market Revenue, 2023-2030 ($M)
20.South Africa Managed Print Services Market Revenue, 2023-2030 ($M)
21.North America Managed Print Services By Application
22.South America Managed Print Services By Application
23.Europe Managed Print Services By Application
24.APAC Managed Print Services By Application
25.MENA Managed Print Services By Application