Managed Print Services Industry Report Covers Future Trends with Research 2025
The global managed print services market is segmented on the basis of type, mode of deployment, organization size, verticals and regions.
PORTLAND, PORTLAND, OR, USA, July 20, 2022 /EINPresswire.com/ — Improving information security, reducing operational costs, initiatives to reduce plastic waste in the workplace and Increasing adoption of big data solutions are facilitating managed print services industry growth.
However, recurring costs and strategic agreements and partnerships are restraining the market growth. On the other hand, increasing spending on print security and increasing adoption of cloud MPS are creating new opportunities in the market.
According to a recent report by Allied Market Research, the global managed print services market was worth $27.5 billion in 2017 and is expected to reach $59.7 billion by 2025, growing at a CAGR of 10. .3% over the forecast period 2018-2025.
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Based on type, the device management segment held the major share of the market in 2017, contributing almost one-third of the total market share and is expected to maintain its dominant position throughout the forecast period.
This is due to the growing adoption of these solutions to improve network performance for print devices, optimize efficiency and control costs. However, the document imaging market is expected to grow at the highest CAGR of 13.4% from 2018 to 2025, driven by the increase in demand for big data management and analytics in organizations.
Based on deployment mode, the hybrid cloud segment accounted for almost three-fifths of the total share in 2017 and is expected to maintain its leading position throughout the forecast period.
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This segment is expected to grow at a CAGR of 11.5% from 2018 to 2025. It is a lucrative segment, owing to the demand for cloud-based MPS to reduce the cost of printing and shift to new solutions to support mobility, improve security and create efficient enterprise workflows. The research also analyzes the on-premises deployment model.
North America contributed more than two-fifths of the total share in 2017 and is expected to maintain its dominant share throughout the forecast period. This is due to the presence of top-tier manufacturers, favorable government regulations, and an increase in the number of startups in this region.
However, Asia-Pacific is expected to register the highest CAGR of 14.0% from 2018 to 2025, driven by the surge of retail and consumer goods startups in countries such as China, China, and China. India and Japan.
Key players analyzed in the report are Xerox, HP Inc., Toshiba, Lexmark International, Inc., Ricoh Company, Ltd., Canon Inc., Konica Minolta, Inc., Sharp Electronics, Kyocera Document Solutions, and ARC Document Solutions. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers and acquisitions, and others to gain a strong position in the industry.
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Key Benefits for Managed Print Services Market:
• This study includes the global Managed Print Services market analysis, Managed Print Services market trends and future estimates to determine impending investment pockets.
• The report presents information related to the key drivers, restraints, and opportunities in Managed Print Services market.
• Managed Print Services market size is quantitatively analyzed from 2017 to 2025 to highlight the financial proficiency of the industry.
• Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the global managed print services industry.
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Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.
1. Managed Cloud as a Service Marketplace
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We are in professional business relationship with various companies. It helps us to extract market data which helps us to generate accurate research data tables and confirm utmost accuracy in our market predictions. All data companies in the domain are affected. Our secondary data sourcing methodology includes in-depth insights presented in the reports we publish, drawn from primary interviews with senior online and offline research leaders and discussions with relevant industry professionals and analysts.
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