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Global Managed Print Services (MPS) Market to grow at 14.8% CAGR between 2016 and 2024, expected to reach US$94.97 bn by 2024

Recently, a major player in the managed print services (MPS) market announced a one-stop-shop solution for all IT needs. The increasing holistic approach to software solutions is a trend common in other industries as well. The trend can help client organizations reduce complexity, eliminate repetitive IT tasks, minimize distractions and optimize efficiency. 

Global Managed Print Services Market is predicted to grow at 14.8% CAGR during 2016 and 2024. It is expected to reach US$94.97 bn by 2024. 

The small and medium sized businesses are expected to drive the managed print services (MPS) market during the forecast period. The SMEs are increasingly realizing the various advantages of the managed print services. 

Geographically, the managed print services (MPS) market in North America has traditionally dominated the global managed print services (MPS) market. The regional market is expected to continue its dominance during the forecast period. Establishment of numerous large organizations, growing adoption by SMEs is expected to drive the market.

Increasing Awareness Expected to Drive Global Managed Print Service Market 

Increasing reliance on IT infrastructure, lack of specialized resources, cost-efficiency are some of the main reasons that have conventionally driven the global managed print services (MPS) market. Currently, holistic one-stop-shop solutions, reduction in cumbersome IT processes are some reasons why small and medium sized businesses are also moving towards MPS providers. Today, there is a growing awareness that MPS providers free up unnecessary resource allocation and helps organizations streamline their processes towards their core objectives. The growing awareness is expected to bring healthy growth to the MPS market. 

The market also faces several challenges and opportunities. The managed print services (MPS) market is likely to expand significantly in collaboration with the public sector. Public sector and its large volume of paperwork presents a significant opportunity during the forecast period. Growing subsidies for businesses to become eco-friendly are also expected to boost the market. MPS providers can reduce energy usage as well as bring a reduction in paper wastage. Growing trend of digitalization both across the private and public sector is expected to challenge the market growth during the forecast period. 

This review is based on Transparency Market Research’s report, titled “Managed Print Services (MPS) Market (Channel - Printer/Copier Manufacturers, Channel Partner/Core MPS Providers; Enterprise Size - SMEs, Large Enterprises; Deployment - On-premise, Hybrid, Cloud-based; End-use - BFSI, Telecom and IT, Government and Public, Health Care, Education, Legal, Construction, Manufacturing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” 

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

By Channel 

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

By Enterprise Size 

  • SMEs 
  • Large Enterprises 

By Deployment 

  • On-premise
  • Hybrid
  • Cloud-based 

By End-use 

  • BFSI
  • Telecom and IT
  • Government and Public
  • Health care
  • Education
  • Legal
  • Construction
  • Manufacturing
  • Others 

By Geography 

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Us 

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. 

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. 


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