Market Highlights:
The study reveals that managed printing services are trending in North America region. The next generation managed print services are boosting the market growth. The MPS provides a securely access the required information whenever required. These services offer security, low power consumption, total cost of ownership and others. The MPS offers automates work processes and boosts productivity are the driving the market growth. The next generation MPS are cost effective, provide better productivity, improved time to revenue and others.
In North America region, the managed print services market is growing with the growing trend of digital transformation. The MPS offers managed cloud printing requirements, security, low cost printing, and others are driving factor for the market growth. Various organizations realizing the importance of MPS in efficient printing techniques are driving the growth of this market worldwide.
The managed printing service has become the crucial part for many sellers as they can provide a wider range of managed printing services across the world. These services can optimize the business document process and generate the revenue. The steep increase in the adoption of big data solutions, and competent technical support by managed print service providers among others.
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Major key Players
- Xerox Corporation (US),
- ARC Document Solutions, Inc. (US),
- HP Development Company, L.P. (US),
- Sharp Corporation (Japan),
- Lexmark International Corporation (US),
- Kyocera Corporation (Japan),
- Toshiba Corporation (Japan),
- Samsung Electronics Co. Ltd. (South Korea)
- Konica Minolta, Inc. (Japan),
- Ricoh Company, Ltd. (Japan)
The global Managed Printing Services Market is growing rapidly over 8% of CAGR and is expected to reach at USD 47 Billion by the end of forecast period.
Global Managed printing services Market Segmentation
The global managed printing services market is bifurcated on the basis of components, deployment type, organization type and region. The component is segmented into hardware, software, services (assess and optimize, secure and integrate, automate and simplify). The deployment type is segmented on the basis of on premise, cloud based, and hybrid. The organizations is segmented into small & medium scale enterprise, large scale enterprise. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
On geographic basis, global managed printing services market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading to have a largest market share in the managed printing services market due to the presence of many multinational brand in the region and also due to the various government initiatives. Whereas, the European market is estimated to be the second largest market share for managed printing services during the forecast period.
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Intended Audience
- Managed printing services manufacturing companies
- IT service providers
- Cloud service providers
- Printer suppliers
- Original equipment manufacturers
- Managed printing services providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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