Managed Print Services market is expected to reach USD 82.90 billion by 2030

Market Research Future (MRFR) Announces the Publication of its Half Cooked Research Report – Global Managed print services Market 2022-2030.

The global managed print services market is growing rapidly. The increasing demand for cloud computing is propelling the market growth of application development. The big data solutions are likely to continue boosting the growth of the managed print services market during the forthcoming years. For instance, the companies are investing in managed print services, which are widely used for IT & telecommunications industry.

The increasing adoption of multifunction printing technology, which is boosting the demand for managed print services market. On Nov. 01, 2017, HP Inc. went into complete acquisition with Samsung Electronics Co., Ltd. to offers printer business across the world. These printers with the high performance of copiers are easily available in the market. The company is offering the nect generation PageWide technologies, which is boosting the demand for managed print services.

According to the Market Research Future Analysis, the global managed print services market is expected to reach USD 82.90 billion by the end of the forecast period (2022-2030) at a CAGR of ~9.20%.

Market Research Future (MRFR) recognizes the following companies as the key players in the global managed print services market: Lexmark International Corporation (U.S.), ARC Document Solutions, Inc. (U.S.), Xerox Corporation (U.S.), HP Development Company, L.P. (U.S.), Ricoh Company, Ltd. (Japan), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Kyocera Corporation (Japan), Sharp Corporation (Japan), Konica Minolta, Inc. (Japan), Wipro LTD (India), HCL Technologies (India), Canon UK Limited (U.K), Seiko Epson Corporation (Japan), Acrodex Inc. (Canada), Systems Technology, Inc. (U.S.), Konica Minolta (U.K) among others.

Global Managed Print Services Market

Source: MRFR Analysis

The global managed print services market is segmented into component, deployment, organization size, end users, and region. The component is sub-segmented into hardware, software, services, and others. The hardware is further sub-segmented into copier, fax, printer, and others. The deployment segment is sub-segmented into on-cloud, on-premises. The organization size segment is sub-segmented into small and medium enterprises, large enterprises.  The end-users segment is sub-segmented into BFSI, IT and telecommunications, government, healthcare, and others. The global market is spanned across North America, Europe, Asia Pacific, and rest of the world.

Market Research Analysis:

The global managed print services market is consists of the Americas, Europe, Asia Pacific, and Rest of the world. North America is dominating the global managed print services market. The managed print services market is witnessing the high growth due to increasing demand for cloud-based services among various end users including BFSI, IT and telecommunications, media and entertainment, healthcare, and among others. Europe is projected to hold the second largest share of the global managed print services market during the forecast period due to increasing demand for low cost priniting services. Asia Pacific is expected to witness the highest CAGR in the coming years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.