Managed Print Services Market Seeing Strong Fundamentals; Expansion Continues: Xerox, Konica Minolta, Fujitsu
The Managed Print Services market size is estimated to increase by USD 13765.8 Million at a CAGR of 9.31% from 2023 to 2029. The report includes historic market data from 2017 to 2022E. Currently, the market value is pegged at USD 19499.93 Million.
Pune, Maharashtra -- (SBWire) -- 08/30/2023 --According to HTF Market Intelligence, the Global Managed Print Services market to witness a CAGR of 9.31% during the forecast period (2023-2029). The Latest Released Managed Print Services Market Research assesses the future growth potential of the Managed Print Services market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Managed Print Services market.
The Major Players Covered in this Report: Xerox Corporation [United States] , Ricoh Company [Japan] , HP Development Company L.P. [United States] , Lexmark International, Inc. [United States], Canon, Inc. [Japan], Konica Minolta, Inc. [Japan] , Samsung Electronics Co. Ltd. [South Korea] , Kyocera Corporation [Japan] , Sharp Corporation [Japan] , Toshiba Corporation [Japan] , ARC Document Solutions, Inc. [United States] , Dell Technologies [United States] , Fujitsu [Japan] , Epson [Japan] , HCL Technologies [India] , SCC Technology [United Kingdom] , Wipro Technologies [India] , Capital Document Solutions [Scotland]
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Definition:
Managed print services (MPS) is a way of reducing print related service expenses by replacing existing hardware such as scanners, photocopiers and multi-function devices. The service providers also monitor the usage and user experiences. A proper MPS services help reducing enterprise expenses on managing print service. The services can be either subscription based or on page basis.
Market Trends:
Rising Demand for Customized Services by Organizations to Meet the Requirements
Growing Environmentally Sustainable Print Services
Market Drivers:
Ability to Provide Cost-effective Solution
Growing Need for Effective Big Data Management
Emphasizing on Reduction of Paper Waste
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Managed Print Services market segments by Types: On Premises, Cloud based, Hybrid
Detailed analysis of Managed Print Services market segments by Applications: BFSI, Government, Education, Healthcare, Telecom and IT, Manufacturing, Legal, Others
Major Key Players of the Market: Xerox Corporation [United States] , Ricoh Company [Japan] , HP Development Company L.P. [United States] , Lexmark International, Inc. [United States], Canon, Inc. [Japan], Konica Minolta, Inc. [Japan] , Samsung Electronics Co. Ltd. [South Korea] , Kyocera Corporation [Japan] , Sharp Corporation [Japan] , Toshiba Corporation [Japan] , ARC Document Solutions, Inc. [United States] , Dell Technologies [United States] , Fujitsu [Japan] , Epson [Japan] , HCL Technologies [India] , SCC Technology [United Kingdom] , Wipro Technologies [India] , Capital Document Solutions [Scotland]
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Managed Print Services market by value and volume.
- -To estimate the market shares of major segments of the Managed Print Services market.
- -To showcase the development of the Managed Print Services market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Managed Print Services market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Managed Print Services market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Managed Print Services market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
The market is segmented by Application (BFSI, Government, Education, Healthcare, Telecom and IT, Manufacturing, Legal, Others) by Type (On Premises, Cloud based, Hybrid) by Channel (Printers/Copiers Manufacturers, System Integrators, Independent Software Vendors) by Organization Size (Small and Medium Enterprises, Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Key takeaways from the Managed Print Services market report:
– Detailed consideration of Managed Print Services market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Managed Print Services market-leading players.
– Managed Print Services market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Managed Print Services market for forthcoming years.
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Major highlights from Table of Contents:
Managed Print Services Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Managed Print Services market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Managed Print Services Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Managed Print Services Market Production by Region Managed Print Services Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Managed Print Services Market Report:
- Managed Print Services Overview, Definition and Classification Market drivers and barriers
- Managed Print Services Market Competition by Manufacturers
- Managed Print Services Capacity, Production, Revenue (Value) by Region (2023-2029)
- Managed Print Services Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Managed Print Services Production, Revenue (Value), Price Trend by Type {On Premises, Cloud based, Hybrid}
- Managed Print Services Market Analysis by Application {BFSI, Government, Education, Healthcare, Telecom and IT, Manufacturing, Legal, Others}
- Managed Print Services Manufacturers Profiles/Analysis Managed Print Services Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
- What are influencing factors driving the demand for Managed Print Services near future?
- What is the impact analysis of various factors in the Global Managed Print Services market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Managed Print Services market for long-term investment?
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