As per MRFR analysis, the Canada Managed Print Services Market Size was estimated at 2.93 (USD Billion) in 2023.The Canada Managed Print Services Market Industry is expected to grow from 3.4(USD Billion) in 2024 to 8.1 (USD Billion) by 2035. The Canada Managed Print Services Market CAGR (growth rate) is expected to be around 8.211% during the forecast period (2025 - 2035).
Key Canada Managed Print Services Market Trends Highlighted
The Canada Managed Print Services market is expanding rapidly, pulled forward by a blend of interlocking factors. Firms from coast to coast now search for ways to run leaner, cut print-related spending, and lessen their environmental footprint.
At the same time, ongoing digitization and a drumbeat of higher data-security demands prompt many organizations to turn to outsourced print management.
Federal and provincial programs that champion digital innovation and greener practices further tilt the playing field, urging businesses to match their printing habits with broader sustainability objectives.
Several gaps await filling, especially the surge in appetite for cloud-connected print hubs and analytics-rich software that simplify queues and boost output. With remote work still a fixture, employers seek agile systems that permit safe printing from home offices or shared workspaces, pushing demand for solutions designed with mobility in mind.
Recent surveys underline this shift, pinpointing a growing preference for packages that blend devices, applications, and hands-on support into one cohesive offering. As a result, an increasing number of Canadian enterprises now sign all-encompassing contracts that cover not just printing, but also scanning, long-term archiving, and end-to-end document management.
Alongside recent leaps in artificial intelligence and automation, print service providers are now prioritizing smart print technologies that streamline workflows and cut excess output. Equally important, close cooperation between IT teams and print staff is gaining traction as organizations pursue all-inclusive document management that supports broader digital-transformation goals.
Canada Managed Print Services Market Drivers
Increase in Demand for Cost Efficiency and Sustainability
The Canada Managed Print Services Market Industry is witnessing a significant shift towards cost-effective and environmentally sustainable solutions. Businesses in Canada are increasingly recognizing the financial benefits of managed print services, which help to optimize printing resources and reduce operational costs.
According to the Canadian government's Greenhouse Gas Inventory Report, the country aims to reduce its carbon emissions by 40-45% below 2005 levels by 2030.This pushes organizations to adopt sustainable practices, such as reducing paper waste through efficient print management.
Leading companies like Ricoh Canada and Xerox Canada are capitalizing on this trend by offering tailored managed print solutions that not only minimize printing costs but also promote sustainability, thereby aligning with national goals of environmental conservation.
The growing environmental awareness and the need for cost savings represent a strong driver for the increase in managed print services within the Canadian market.
Technological Advancements and Digital Transformation
The digital transformation in Canada is a major driver fueling the growth of the Canada Managed Print Services Market Industry. As businesses increasingly adopt new technologies, the integration of advanced printing solutions becomes essential.
According to the Government of Canada's Digital Government Strategy, significant investments are made to enhance digital capabilities within public services.
This shift towards a more digitally oriented framework encourages organizations to adopt managed print services that utilize the latest technologies, such as cloud printing and cybersecurity measures.
Leading firms like HP and Canon Canada are actively promoting these advancements, driving more companies to transition to sophisticated managed print solutions that improve efficiency and streamline operations.
Rising Need for Enhanced Security Solutions
With increasing awareness of data breaches and cybersecurity threats, the demand for secure printing solutions is rapidly growing within the Canada Managed Print Services Market Industry. According to the Canadian Cyber Security Strategy, cybercrime costs the Canadian economy approximately CAD 3 billion annually, highlighting the need for robust security measures in business operations.
Organizations are becoming more cautious about how their sensitive information is handled, leading to a surge in the adoption of managed print services that offer integrated security features.
Companies such as Lexmark and Konica Minolta are responding to this need by providing advanced security functionalities as part of their managed print offerings, ensuring businesses have secure and controlled printing environments.
Canada Managed Print Services Market Segment Insights
Managed Print Services Market Organisation Insights
The Organisation segment of the Canada Managed Print Services Market plays a crucial role in shaping the overall landscape of the industry. Given the increasing emphasis on efficiency and cost-effectiveness, there has been a noticeable shift towards Managed Print Services (MPS) across various organizational structures. In Canada, Medium and Small Enterprises are rapidly adopting these services to streamline their printing processes and reduce operational costs.
The allure of Managed Print Services lies in their ability to provide tailored solutions that cater to specific needs, enhancing productivity by optimizing printing practices and minimizing waste. Large Enterprises, on the other hand, often dominate the Canadian market due to their significant print volumes and complex operational requirements.
They leverage Managed Print Services to implement advanced technologies, such as cloud printing and secure document management, which are vital for maintaining competitiveness in today’s digital age. Furthermore, both Medium and Small Enterprises and Large Enterprises are increasingly focused on sustainability initiatives, making MPS an attractive option as it promotes environmentally friendly practices through better resource utilization.
The growing demand for flexibility and scalability as organizations expand further underscores the importance of Managed Print Services in supporting dynamic business environments.Government initiatives in Canada aimed at reducing paper usage and enhancing digital connectivity also bolster the relevance of MPS within the Organisation segment.
The Canadian government has been encouraging businesses to adopt more innovative solutions, aligning with broader trends toward digital transformation. This emphasis on modernization and efficiency is expected to provide numerous opportunities for further growth within the MPS market as organizations continue to explore new avenues for enhancing their operations.
Overall, the Organisation segment stands at the forefront of the Canada Managed Print Services Market, driven by a mix of necessity for operational efficiency and a growing commitment to sustainability.
Managed Print Services Market Type Insights
The Canada Managed Print Services Market is witnessing notable growth, driven by a diverse array of segments, including Metal, Polymer, and Others. Each segment plays a crucial role in enhancing operational efficiency and reducing costs for organizations across the region. The Metal segment is particularly significant, as it often pertains to durable and high-performance printing solutions widely adopted in manufacturing and industrial settings.
Meanwhile, the Polymer segment addresses the demand for lightweight and versatile materials, catering to various printing applications from marketing to packaging needs.The Others category encapsulates emerging materials and technologies that continue to evolve, offering innovative solutions to meet changing market demands.
As the Canadian government emphasizes sustainability and efficiency in business operations the importance of these segments is further reinforced, fostering an environment ripe for strategic investments in Managed Print Services.
Overall, these segments collectively contribute to the growing Canada Managed Print Services Market revenue by addressing specific needs and challenges faced by businesses, thereby supporting market growth and adaptability in an increasingly digital landscape.
Managed Print Services Market Deployment Model Insights
The Deployment Model segment in the Canada Managed Print Services Market underscores the importance of how organizations choose to implement print solutions. With the market expected to enjoy significant growth in the coming years, businesses are increasingly exploring various models that best fit their operational needs.
The On-Cloud deployment model has seen a rise in popularity due to its flexibility, remote accessibility, and reduced need for on-site infrastructure, aligning with the growing trend of digital transformation in Canada. This model supports organizations looking to streamline their operations and reduce costs while enhancing printing capabilities.
Conversely, the Premise deployment model remains vital for companies that prioritize control over their print environment, ensuring data security and compliance with stringent regulations. The choice between these models is significantly influenced by an organization's size, industry, and specific printing requirements.
Both deployment strategies contribute uniquely to the overall Canada Managed Print Services Market revenue, with businesses leveraging these models to optimize their printing processes and improve workflow efficiency. As Canadian businesses adapt to technological advancements and evolving market demands, understanding these deployment models will be critical in navigating the challenges and opportunities within the market landscape.
Managed Print Services Market End Users Insights
The Canada Managed Print Services Market is witnessing a notable evolution, particularly within the End Users landscape, which encompasses key industries such as Telecommunications and IT, Healthcare, Banking, Financial Services, and Insurance (BFSI), along with Others.
The Telecommunications and IT sector is increasingly adopting managed print services to enhance operational efficiency and streamline document management, which is essential for maintaining competitive advantages in a digital-first environment.
In the Healthcare sector, improving patient care and ensuring compliance with regulatory standards drive the demand for effective print management solutions, as these services can support critical documentation needs.
The BFSI segment places a premium on security and cost-effective printing solutions that support compliance and risk management, reflecting the industry's stringent requirements. Other industries also leverage managed print services to optimize printing costs and improve workflow efficiencies.
Overall, these sectors collectively illustrate the growing recognition of managed print services as a vital component for achieving operational excellence and responding to increasing business demands within Canada.
With the ongoing digital transformation across industries, the significance of print management solutions is projected to sustain its upward trajectory, benefitting from technological advancements and shifting workplace dynamics.
Canada Managed Print Services Market Key Players and Competitive Insights
The Canada Managed Print Services Market is currently characterized by a dynamic and competitive landscape that has evolved significantly over the years.
As businesses increasingly seek efficient solutions for their printing needs, numerous players are vying for market share by offering a wide range of services that focus on cost reduction, improved productivity, and enhanced document management. This market has been shaped by factors such as technological advancements, a rising emphasis on sustainability, and the growing need for integrated printing solutions.
Consequently, companies are continually adapting their strategies to stay relevant and appealing to customers seeking comprehensive managed print services. The competition is not solely based on pricing but also on the value-added services, innovative technology, and customer support capabilities that companies provide.
Epson has established a prominent position within the Canada Managed Print Services Market by leveraging its strengths in technology-driven solutions and sustainability initiatives. The company is well-regarded for its energy-efficient printers and multi-functional devices, which resonate with Canadian businesses looking for environmentally friendly options.
Epson’s commitment to innovation is evidenced by its focus on high-performance printing technologies and the provision of tailored managed print solutions that suit a variety of business needs. The company’s distribution network and customer service capabilities enhance its presence in Canada, allowing it to build strong relationships with clients across various sectors.
This strategic approach, coupled with its reputation for reliability, solidifies Epson’s competitive edge in the managed print services arena.Xerox, another significant player in the Canada Managed Print Services Market, is recognized for its comprehensive suite of products and services tailored for diverse business environments.
The company's offerings include high-quality printing devices, document management solutions, and robust software applications designed to optimize printing workflows. Xerox's strength lies in its ability to deliver customized solutions that meet specific customer needs, which has led to a sizable market presence across Canada.
Additionally, the company has pursued strategic mergers and acquisitions to expand its operational capabilities and strengthen its competitive position.
Through these efforts, Xerox continues to enhance its service portfolio, ensuring businesses can reduce costs while improving efficiency and productivity. The focus on innovation and customer-centric solutions enables Xerox to maintain its status as a leader in the managed print services sector in Canada.
Key Companies in the Canada Managed Print Services Market Include
Canada Managed Print Services Market Industry Developments
In the Canada Managed Print Services Market, recent developments include a noticeable growth spurt in valuation due to increasing demand for cost-effective printing solutions and sustainability initiatives. Companies such as Xerox and Ricoh have been expanding their service offerings by integrating advanced cloud-based solutions, enhancing operational efficiency for businesses.
Notably, in July 2023, HP announced the acquisition of a Canadian-based software company, focusing on enhancing its print management capabilities. Canon has also been investing heavily in Research and Development to innovate sustainable printing technologies in Canada.
Over the past 2–3 years, there has been a growing emphasis on reducing environmental impact, with organizations like Kyocera and Brother leading the charge in eco-friendly printing practices. Recent market assessments indicate that companies are increasingly adopting Managed Print Services to streamline operations and reduce costs.
The ongoing efforts to digitalize documentation processes reflect the shifting priorities in the market, influencing how businesses manage their print resources. Additionally, the rise of remote work in Canada has diversified the Managed Print Services landscape, prompting service providers like Konica Minolta and Sharp to adapt their strategies accordingly to meet changing customer needs.
Canada Managed Print Services Market Segmentation Insights
Managed Print Services Market Organisation Outlook
Managed Print Services Market Type Outlook
Managed Print Services Market Deployment Model Outlook
Managed Print Services Market End Users Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 2.93(USD Billion) |
| MARKET SIZE 2024 | 3.4(USD Billion) |
| MARKET SIZE 2035 | 8.1(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.211% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Epson, Xerox, Synnex, Kyocera, Konica Minolta, Brother, Toshiba, Ricoh, Canon, Lexmark, Sharp, Verizon, HP, Dell, Print Audit |
| SEGMENTS COVERED | Organisation, Type, Deployment Model, End Users |
| KEY MARKET OPPORTUNITIES | Increased demand for cost savings, Growth of cloud-based solutions, Rising focus on sustainability initiatives, Expansion of remote workforce solutions, Integration of AI technologies |
| KEY MARKET DYNAMICS | Growing demand for cost reduction, Increasing need for sustainability, Adoption of cloud-based solutions, Enhanced focus on data security, Rising interest in automation technologies |
| COUNTRIES COVERED | Canada |
Frequently Asked Questions (FAQ) :
The projected market size of the Canada Managed Print Services Market in 2024 is valued at 3.4 billion USD.
By 2035, the market is expected to grow to 8.1 billion USD.
The Canada Managed Print Services Market is expected to grow at a CAGR of 8.211 percent from 2025 to 2035.
The market comprises segments such as Medium and Small Enterprises, and Large Enterprises.
The estimated market size for Medium and Small Enterprises in 2024 is 1.5 billion USD.
By 2035, the market size for Large Enterprises is expected to reach 4.5 billion USD.
Key players in the market include Epson, Xerox, Kyocera, Konica Minolta, and HP among others.
Opportunities are present due to increasing demand for efficient printing solutions across various sectors.
The market faces challenges such as evolving technological advancements and competitive pricing pressures.
The market for Medium and Small Enterprises is expected to grow from 1.5 billion USD in 2024 to 3.6 billion USD by 2035.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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