Managed Print Service Market Outlook 2027 By Deployment Mode, Size, Share, Trends, Growth
According to TechSci Research, Global managed print service market is expected to grow at an impressive rate during the forecast period. The global managed print service market is driven by the increasing adoption of big data analytics solutions, IoT, AI and cloud computing. Additionally, growing need to save paper, avoiding wastage and achieving environmental sustainability is further expected to propel the market through 2027. Furthermore, managed print services help businesses optimize costs, manage organization data and boost productivity. Besides, increasing investments and new product launches by major vendors operating in the market is expected to create lucrative opportunities for the market growth. However, data security and privacy concerns can hamper the market growth over the next few years. Moreover, associated long term recurring expenses can further restrict the market growth.
The global managed print service market is segmented based on deployment mode, type, organization size, channel type, end user industry, company, and region. Based on deployment mode, the market can be bifurcated into on-premises and cloud. The cloud segment is expected to dominate the market since it helps businesses by providing them access to data and documents remotely with 24/7 availability of the information. Additionally, cloud solutions provide scalability, auto-update feature and reduce the operational costs. Based on type, the market can be categorized into print management, device management, discovery & design, and document imaging. The device management segment is expected to dominate the market on account of the increased adoption of these solutions for optimization of performance, increasing the efficiency and managing the costs of network printing devices. While the document imaging segment is expected to register the highest growth owing to the rising demand for big data handling and analytics in many organizations. Based on end user industry, the market can be fragmented into BFSI, education, healthcare, IT & Telecommunications, manufacturing, and others. The BFSI segment is expected to dominate the market owing to the widespread adoption of papers in loan applications, new account opening, among others. The healthcare segment is expected to hold significant market share during the forecast period. This can be ascribed to the need to manage and optimize a high volume printing environment while reducing vulnerabilities with many devices.
Regionally, the managed print service market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall managed print service market owing to the widespread adoption of managed print services by different end user industries in the region especially the healthcare industry. Additionally, favorable government regulations and presence of major players in the region further positively impact the market growth.
Click here to download the sample
The major players operating in the managed print service market are Xerox Corporation, HP Development Company, L.P., Lexmark International Corporation, ARC Document Solutions, Inc., Kyocera Corporation, Sharp Corporation, Konica Minolta, Inc., Ricoh Company, Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze and estimate the market size of global managed print service market from 2017 to 2020.
- To estimate and forecast the market size of global managed print service market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global managed print service market based on deployment mode, type, organization size, channel type, end user industry, company, and regional distribution.
- To identify dominant region or segment in the global managed print service market.
- To identify drivers and challenges for global managed print service market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global managed print service market.
- To identify and analyze the profile of leading players operating in global managed print service market.
- To identify key sustainable strategies adopted by market players in global managed print service market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global managed print service market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Managed print service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to managed print service
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Deployment Mode · Type · Organization Mode · Channel Type · End User Industry |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | Xerox Corporation, HP Development Company, L.P., Lexmark International Corporation, ARC Document Solutions, Inc., Kyocera Corporation, Sharp Corporation, Konica Minolta, Inc., Ricoh Company, Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global managed print service market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Managed Print Service Market, By Deployment Mode:
- On-Premise
- Cloud
- Global Managed Print Service Market, By Type:
- Print Management
- Device Management
- Discovery & Design
- Document Imaging
- Global Managed Print Service Market, By Organization Size:
- Large Enterprises
- SMEs
- Global Managed Print Service Market, By Channel Type:
- Printer/Copier Manufacturers
- System Integrators/Resellers
- Independent Software Vendors
- Global Managed Print Service Market, By End User Industry:
- BFSI
- Education
- Healthcare
- IT & Telecommunications
- Manufacturing
- Others
- Global Managed Print Service Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global managed print service market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com
Comments
Post a Comment