Managed Print Services (MPS) Market - Snapshot

Managed print services eliminates a lot of paper waste, which encourages organizations to only print necessary documents. There are growing concerns regarding paper wastage and unnecessary energy consumption. The level of environmental concern varies significantly. Due to these factors, organizations are progressively adopting managed print services as these services help organizations to meet their demands for sustainability and to reduce paper wastage. Cost savings might vary according to the printing usage in different industry sectors. Precision Document Solutions, a managed print services vendor, claimed to guarantee output cost savings of 30% through its comprehensive managed print service solutions for the healthcare sector. Law firms and government sectors, which are more document intensive as compared to other industries, are expected to achieve higher ROI (Return on investment) on the deployment of MPS solutions.

Managed print services provide efficient maintenance and reduction in downtime. Maintenance is important to ensure the smooth functioning of printers in the long run and also to reduce the downtime. Furthermore, the replacement of cartridges, ink toners, papers, etc. is a part of printer maintenance, using up additional time and increasing operational expenses. Thus, organizations can reduce the time utilized for maintenance and the costs related to it, as MPS takes care of maintenance without incurring additional expenses other than monthly service charges or a one-time maintenance charge.

managed-print-services-market-2018-2026.jpg

The global managed print services (MPS) market has been segmented in terms of deployment, enterprise size, channel, industry, and region. In terms of deployment, the market has been segmented into cloud, on-premise, and hybrid. The global market is divided by enterprise size into small & medium enterprises (SME’s) and large enterprise. The small and medium enterprises (SME’s) segment comprises the income generated from the sale of managed print services (MPS) to enterprise/companies with strength of 1-500 employees. Large enterprise segment reflects the revenue generated from the sale of managed print services (MPS) to enterprise/companies with a labor force of more than 500 employees. In large enterprises, adoption of managed print services (MPS) is already high as it is a cost effective process, improves security measures, and assists in compliance management. Based on channel, the global managed print services (MPS) market is categorized into printer/copier manufacturers and channel partner/core MPS providers. On the basis of industry, the market is divided into banking, financial services, and insurance (BFSI), telecom and IT, government and public, healthcare, education, legal, construction, manufacturing and others. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The North America region is dominant in the adoption of managed print services (MPS). The high adoption of digital technology across all major verticals such as healthcare and government helps the market to expand in North America, principally in the U.S. The market is in the emerging stage in the regions of Asia Pacific (APAC), South America, and Middle East & Africa (MEA). Therefore, these regions offer immense scope for the adoption of managed print services (MPS) channels. Additionally, the growing technological developments in the field of cloud, analytics, and the emergence of mobile technologies have led to the high adoption of managed print services (MPS) channels in significant verticals such as banking, financial services, and insurance (BFSI), transportation and logistics, and construction.

This report on the global managed print services (MPS) market provides market revenue share analysis of the various vital participants. Some of the key players profiled in the report include HP Inc., Xerox Corporation, Lexmark International Inc., Fujitsu Ltd, Canon, Inc., Konica Minolta, Inc., Kyocera Corporation, Ricoh Company Ltd., Toshiba Corporation, ARC Document Channels, Inc., Seiko Epson Corporation, Wipro Limited, Honeywell Corporation, and Print Audit, Inc.

Managed Print Services (MPS) Market: Overview

The managed print services (MPS) market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global managed print services (MPS) market throughout the above mentioned forecast period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future statusof this market, key market indicators, ecosystem analysis, and pricing analysisof the market.Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about theglobal managed print services (MPS) market. A market attractiveness analysis has also been provided for every segment in the report, in order to present a thorough understanding of the overall scenario in the managed print services (MPS) market. The report also offers an overview of various strategies adopted by key players in the market.

Global Managed Print Services (MPS) Market: Scope of the Report

On the basis of deployment, the market is segmented into cloud, on premise, and hybrid. Based on enterprise size, the managed print services (MPS) market is divided into small & medium enterprises (SME’s) and large enterprises. In terms of channel, the market is categorized into printer/copier manufacturers and channel partner/core MPS providers. On the basis of industry, the market is divided into banking, financial services, and insurance (BFSI), telecom and IT, government and public, healthcare, education, legal, construction, manufacturing, and others.The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the managed print services (MPS) market during the forecast period.

The report also highlights the competitive landscape of the global managed print services (MPS) market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry. The comprehensive managed print services (MPS) market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the managed print services (MPS) market growth.

This report provides all the essential information required to understand the key developments in the managed print services (MPS) market, and growth trends of each segment and region. It includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces, namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the managed print services (MPS) market.This report also provides a comprehensive ecosystem analysis for the managed print services (MPS) market. It explains the various participants including software & third-party vendors, system integrators,and distribution channelswithin the value chain operating in the market.

Global Managed Print Services (MPS) Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the managed print services (MPS) marketacross geographies. Primary interviews are usually conducted on an ongoing basis with industry expertsand participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Managed Print Services (MPS) Market: Competitive Dynamics

The global managed print services (MPS) marketreport provides company market share analysis of the various key participants. Some of the key players profiled in the report include HP Inc., Xerox Corporation, Lexmark International Inc., Fujitsu Ltd, Canon, Inc., Konica Minolta, Inc., Kyocera Corporation, Ricoh Company Ltd., Toshiba Corporation, ARC Document Solutions, Inc., Seiko Epson Corporation, Wipro Limited, Honeywell Corporation, and Print Audit, Inc.

The managed print services (MPS) market has been segmented as below:

Market Segmentation: Global Managed Print Services (MPS) Market

By Deployment

  • Cloud
  • On-Premise
  • Hybrid

By Enterprise Size

  • Small & Medium Enterprises (SME’s)
  • Large Enterprises

By Channel

  • Printer/Copier Manufacturers
  • Channel Partner/Core MPS Providers

By Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecom and IT
  • Government and Public
  • Healthcare
  • Education
  • Legal
  • Construction
  • Manufacturing
  • Others

In addition, the report provides analysis of the managed print services (MPS) market with respect to the following geographic segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Asia Pacific
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America
.