Market Overview

The   Managed Print Services market   industry is projected to grow from USD 44.77 Billion in 2022 to USD 82.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2022 - 2030). 
The Managed Print Services (MPS) market encompasses solutions that manage and optimize an organization’s printing infrastructure, including printers, copiers, and related services. MPS aims to improve efficiency, reduce costs, and enhance productivity through comprehensive management of print environments. The market is growing due to the increasing need for cost control, document security, and streamlined workflows.

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Key Market Segments

• By Service Type

  • Assessment and Consulting
  • Managed Document Services
  • Print Infrastructure Management
  • Managed Print Fleet Services
  • Supply Management
  • Support and Maintenance

• By Deployment Model

  • On-premises
  • Cloud-based

• By Enterprise Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

• By End-User Industry

  • Healthcare
  • Education
  • Government
  • Retail
  • Financial Services
  • Legal
  • Manufacturing

Market Trends

• Cloud-Based MPS Solutions : Increasing adoption of cloud-based solutions for scalability, remote management, and cost efficiency.
• Integration with IT and Digital Transformation : Integration of MPS with broader IT and digital transformation initiatives to enhance business processes.
• Focus on Sustainability : Growing emphasis on sustainable printing practices, including reduced paper usage and energy-efficient devices.
• Advanced Analytics and Reporting : Utilization of advanced analytics to gain insights into print usage and optimize resources.
• Increased Security Measures : Enhanced security features to protect sensitive information and ensure compliance with regulations.

Key Companies

• Xerox Corporation
  • Provides comprehensive MPS solutions with a focus on efficiency and cost reduction.
• HP Inc.
  • Offers a range of managed print services and solutions aimed at improving print environments and reducing costs.
• Canon Inc.
  • Delivers MPS solutions including print management and infrastructure optimization.
• Ricoh Company, Ltd.
  • Provides MPS services focusing on document management, workflow optimization, and cost control.
• Lexmark International, Inc.
  • Specializes in managed print services and solutions for various industry sectors.
• Konica Minolta, Inc.
  • Offers MPS solutions aimed at improving business productivity and reducing printing costs.
• Brother Industries, Ltd.
  • Provides MPS solutions that focus on managing and optimizing print environments.

Market Drivers

• Cost Reduction : The need to control and reduce printing costs drives the adoption of MPS solutions.
• Efficiency and Productivity : MPS enhances operational efficiency and productivity by streamlining print processes and reducing downtime.
• Security Concerns : Increasing focus on securing sensitive documents and ensuring compliance with data protection regulations.
• Sustainability Initiatives : Rising demand for eco-friendly and sustainable printing practices.
• Technological Advancements : Adoption of advanced technologies, including cloud computing and analytics, to improve print management.

Regional Insights

• North America
  • Leading market due to high adoption of MPS solutions, advanced infrastructure, and a focus on cost reduction and efficiency.
• Europe
  • Significant growth driven by sustainability initiatives, regulatory requirements, and technological advancements.
• Asia-Pacific
  • Rapid expansion due to increasing IT spending, growing enterprises, and adoption of digital transformation initiatives.
• Latin America
  • Emerging market with growing awareness and adoption of MPS solutions to improve operational efficiency.
• Middle East and Africa
  • Steady growth driven by increased investments in IT infrastructure and the need for efficient print management solutions.

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Frequently Asked Questions (FAQ)

• What is Managed Print Services (MPS)?

  • MPS involves the management and optimization of an organization's print environment, including printers, copiers, and related services, to improve efficiency and reduce costs.

• What types of services are included in MPS?

  • Services include assessment and consulting, managed document services, print infrastructure management, managed print fleet services, supply management, and support and maintenance.

• Why are organizations adopting MPS solutions?

  • Organizations adopt MPS to reduce printing costs, improve operational efficiency, enhance document security, and implement sustainable printing practices.

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