Global Managed Print Services Market 2024-2028

Global Managed Print Services Market 2024-2028

The managed print services market is forecasted to grow by USD 7.67 bn during 2023-2028, accelerating at a CAGR of 4.9% during the forecast period. The report on the managed print services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the need for a reduction of hardware and consumables costs, increased adoption of managed print services by SMEs, and rising demand of managed print services from BFSI sector.

Technavio's managed print services market is segmented as below:

• By Deployment
• Cloud-based
• On-premises
• Hybrid
• By Platform
• Large enterprises
• SMEs
• By Geography
• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the strategic partnerships and acquisitions among market participants as one of the prime reasons driving the managed print services market growth during the next few years. Also, integration of AI into the print industry and the increase in demand due to growth in managed IoT services will lead to sizable demand in the market.

The report on the managed print services market covers the following areas:

• Managed print services market sizing
• Managed print services market forecast
• Managed print services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading managed print services market vendors that include ARC Document Solutions Inc., Brother Industries Ltd., Canon Inc., Exela Technologies Inc., Flex Technology Group, Hon Hai Precision Industry Co. Ltd., HP Inc., Icon Infotech Private Ltd., Konica Minolta Inc., KYOCERA Corp., Lexmark International Inc., Novatech, Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Toshiba Corp., USAM Technology Solutions Pvt. Ltd., VitrX, Xerox Holdings Corp., and Zebra Technologies Corp.. Also, the managed print services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.