Managed Print Services Market | Growth and Analysis
Market Growth and Forecasts for 2021-2025
Accelerating at a CAGR of almost 5%, the managed print services market is expected to grow by post an incremental growth of $ 6.28 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Managed Print Services Market: Market Segments and Key Trends
This report provides a detailed analysis of the market by Deployment (Cloud-based, On-premise, and Hybrid) and Geography (North America, Europe, APAC, South America, and MEA). 40% of the market growth will originate from North America during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
Managed Print Services Market: Leading Factors to Drive Market Growth
The need for the reduction of hardware and consumables costs is one of the primary factors that will drive the growth of the managed print services market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.
Managed Print Services Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants.
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Managed Print Services Market: Key Highlights of the Report for 2021-2025
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Managed Print Services Market Size to Grow by $ 6.28 bn through 2021-2025
Technavio research projects the managed print services market to grow by $ 6.28 bn, accelerating at a CAGR of almost 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Managed Print Services Market: Key Market Driver
One of the primary factors that will trigger the growth of the managed print services market size is Need for the reduction of hardware and consumables costs. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Managed Print Services Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the Global Managed Print Services (MPS) Market and it is expected to grow by $ 6.28 billion, progressing at a CAGR of 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Managed Print Services Market: North America to account for the largest growth share
40% of the market growth will originate from North America during the forecast period. The US is a key market for managed print services in North America. Market growth in this region will be faster than the growth of the market in MEA and South America. The presence of a high number of enterprises from the BFSI, IT, healthcare, education, and other sectors will facilitate the MPS market growth in North America over the forecast period.
The increasing adoption of MPS by SMEs is one of the key factors driving managed print services market growth. SMEs across the world are increasingly adopting cloud-based MPS due to budget constraints. MPS is also helping SMEs in reducing printing costs and optimizing the use of resources. Moreover, governments across the world are providing incentives, favorable tax regulations, and easy access to loans to support the growth of SMEs. Several governments are also offering educational programs and coaching to SME owners to aid in business expansion. The growing digitization has further increased the adoption of MPS by SMEs. This is encouraging vendors in the market to introduce cloud-based managed print services.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
Managed Print Services Market: Key Highlights of the Report for 2021-2025
