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Managed Print Services Market Size, Share, Growth Opportunities, Trends Analysis & Industry Report, 2020-2027 – X herald

Managed Print Services Market:

The GMI Research expects the managed print services market to expand at a higher rate. From a regional perspective, North America is projected to lead the market due to the presence of the leading enterprises. For example, TOSHIBA CORPORATION, Ricoh, Xerox Corporation, etc., have a strong presence in this region which will drive the market growth.

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Managed Print Services Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The decreasing cost of operation and flexibility to match customer needs is a key driver surging the growth of the global managed print services market size. As per Ingram Micro, the top manufacturers of IT products and services, a normal office worker expends around US$ 725 annually on office printing. According to the managed print services market statistics, with the increasing use of managed print services, these costs can be decreased by 30%, which is further propelling the growth of the managed print services market. As per the managed print services market report, several initiatives from environmental protection agencies for minimizing paper waste will further contribute to the growth of the global managed print service market. “Environmental Protection Agency” states that on average, every office worker uses approximately 27 pounds of paper per year, and around 41 % of the trees are harvested by loggers for paper manufacturing; this enforces the businesses to adopt managed print services leading to decrease paper waste and cost. Thereby, the rising launch of green initiatives is one of the emerging managed print services market trends that is stimulating the market.

According to the managed print services market research, the managed print services are being used in numerous sectors, such as IT, BFSI, and other sectors, which will augment the growth of the market. In IT industry, managed services aids in managing the IT functions by controlling over the IT infrastructure and networks of companies, which in turn, helps in increasing the overall efficiency and profitability. On the other hand, the factors hindering the growth of the market include doubt in the effectiveness of managed print services, along with long-term recurring spending.

Managed Print Services Market’s leading Manufacturers:

  • Xerox Corporation
  • Ricoh
  • HP Development Company, L.P.
  • Konica Minolta, Inc
  • Canon Inc.
  • Lexmark International, Inc.
  • KYOCERA Corporation
  • SAMSUNG
  • SHARP CORPORATION
  • TOSHIBA CORPORATION

Managed Print Services Market Segmentation:

Segmentation by Deployment Type:

  • On-Premise
  • Cloud
  • Hybrid Cloud Based

Segmentation by Channel Type:

  • Printer/Copier Manufacturers
  • System Integrators/Resellers
  • Independent Software Vendors

Segmentation by Application:

  • BFSI
  • Government
  • Education
  • Healthcare
  • Telecom & IT
  • Industrial Manufacturing
  • Retail
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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