This market research report extensively covers managed print services market segmentations by the following:
- Deployment- Cloud-based, on-premise, and hybrid
- Cloud-based managed print services will gain considerable market share. Globalization and the increased geographical presence of end-users in the IT, BFSI, and retail sectors, which give rise to the need for a centralized system for print-related operations, are the key reasons for the growing acceptance of cloud-based MPS.
- Geography - North America, Europe, APAC, South America, and MEA
- North America will account for 40% of the market's growth. In North America, the United States is the most important market for managed print services. The market in this region will increase at a quicker rate than the market in South America. These businesses are searching for a solution that will allow them to efficiently manage their printers and print documents in order to lower overall printing costs and keep track of overall print activity.
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Managed Print Services Market Dynamics
Market Driver
The need to reduce hardware and consumables expenses is one of the primary factors driving the managed print services market. External service providers offer MPS as a professional solution to optimize print and document production. It aids in the management of print equipment such as printers, fax machines, copiers, and multifunction devices for businesses. MPS is frequently outsourced to contractors to streamline print operations since it saves time and money. MPS enables businesses to put up a low-cost, well-managed image and printing network.
Market Trend
Strategic collaborations and acquisitions among industry participants are another significant elements driving managed print services market expansion. As a result, manufacturers are forming strategic alliances and acquiring industry participants including software, technology, and platform suppliers. Product development, global expansion, and having access to technological expertise are all aided through strategic alliances and acquisitions. Vendors can also use these agreements to explore new sectors for their products and services, as well as create money by selling their products and services to a larger consumer base across continents.
Market Challenge
One of the major roadblocks to the managed print services market's growth is the growing usage of digital media. Organizations all over the world are implementing various techniques to minimize their operational costs. Enterprises spend 2% to 3% of their yearly revenue on imaging and printing, and consume 10,000 sheets of paper per year on average. Paper may not be expensive to purchase for businesses.
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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 |
Key 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 recovery analysis 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. |
Managed Print Services Market Segmentation
- Deployment
- Cloud-based
- On-premise
- Hybrid
- Geography
- North America
- Europe
- APAC
- South America
- MEA
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Managed Print Services Market Vendor
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
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.
Find out the top market vendors, their competition and how they excel in the Managed Print Services Market in our latest Sample Report. Download our Detailed Sample Report.
Product Insights and News
- Exela Technologies Inc - The company offers offsite and onsite print management service based on the business requirement.
- Hewlett Packard Enterprise Co - The company offers MPS under its HP brand and are organized into three stages such as design, transition, and manage.
- KYOCERA Corp- The company provides MPS through five, flexible phases such as assessment, design, implementation, management, and optimization.
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Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Specialized consumer services market
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Deployment
- 5.1 Market segments
- Exhibit 15: Deployment - Market share 2020-2025 (%)
- 5.2 Comparison by Deployment
- Exhibit 16: Comparison by Deployment
- 5.3 Cloud-based - Market size and forecast 2020-2025
- Exhibit 17: Cloud-based - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Cloud-based - Year-over-year growth 2020-2025 (%)
- 5.4 On-premise - Market size and forecast 2020-2025
- Exhibit 19: On-premise - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: On-premise - Year-over-year growth 2020-2025 (%)
- 5.5 Hybrid - Market size and forecast 2020-2025
- Exhibit 21: Hybrid - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Hybrid - Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by Deployment
- Exhibit 23: Market opportunity by Deployment
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 25: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 26: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 37: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 39: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 40: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 41: Landscape disruption
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 43: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 44: Market positioning of vendors
- 10.3 ARC Document Solutions Inc.
- Exhibit 45: ARC Document Solutions Inc. - Overview
- Exhibit 46: ARC Document Solutions Inc. - Business segments
- Exhibit 47: ARC Document Solutions Inc. - Key offerings
- Exhibit 48: ARC Document Solutions Inc. - Segment focus
- 10.4 Canon Inc.
- Exhibit 49: Canon Inc. - Overview
- Exhibit 50: Canon Inc. - Business segments
- Exhibit 51: Canon Inc. – Key news
- Exhibit 52: Canon Inc. - Key offerings
- Exhibit 53: Canon Inc. - Segment focus
- 10.5 Exela Technologies Inc.
- Exhibit 54: Exela Technologies Inc. - Overview
- Exhibit 55: Exela Technologies Inc. - Business segments
- Exhibit 56: Exela Technologies Inc. – Key news
- Exhibit 57: Exela Technologies Inc. - Key offerings
- Exhibit 58: Exela Technologies Inc. - Segment focus
- 10.6 HP Inc.
- Exhibit 59: HP Inc. - Overview
- Exhibit 60: HP Inc. - Business segments
- Exhibit 61: HP Inc. - Key offerings
- Exhibit 62: HP Inc. - Segment focus
- 10.7 KYOCERA Corp.
- Exhibit 63: KYOCERA Corp. - Overview
- Exhibit 64: KYOCERA Corp. - Business segments
- Exhibit 65: KYOCERA Corp. - Key offerings
- Exhibit 66: KYOCERA Corp. - Segment focus
- 10.8 Lexmark International Inc.
- Exhibit 67: Lexmark International Inc. - Overview
- Exhibit 68: Lexmark International Inc. - Product and service
- Exhibit 69: Lexmark International Inc. - Key offerings
- 10.9 Ricoh Co. Ltd.
- Exhibit 70: Ricoh Co. Ltd. - Overview
- Exhibit 71: Ricoh Co. Ltd. - Business segments
- Exhibit 72: Ricoh Co. Ltd. - Key offerings
- Exhibit 73: Ricoh Co. Ltd. - Segment focus
- 10.10 Sharp Corp.
- Exhibit 74: Sharp Corp. - Overview
- Exhibit 75: Sharp Corp. - Business segments
- Exhibit 76: Sharp Corp. - Key offerings
- Exhibit 77: Sharp Corp. - Segment focus
- 10.11 Toshiba Corp.
- Exhibit 78: Toshiba Corp. - Overview
- Exhibit 79: Toshiba Corp. - Business segments
- Exhibit 80: Toshiba Corp. - Key offerings
- Exhibit 81: Toshiba Corp. - Segment focus
- 10.12 Xerox Corp.
- Exhibit 82: Xerox Corp. - Overview
- Exhibit 83: Xerox Corp. - Product and service
- Exhibit 84: Xerox Corp. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 85: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 86: Research Methodology
- Exhibit 87: Validation techniques employed for market sizing
- Exhibit 88: Information sources
- 11.4 List of abbreviations
- Exhibit 89: List of abbreviations
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