Global Managed Print Services Market Growth (Status and Outlook) 2023-2029

Global Managed Print Services Market Growth (Status and Outlook) 2023-2029

Managed print services (MPS) are services offered by an external provider to optimize or manage a company’s document output. The main components provided are needs assessment, selective or general replacement of hardware, and the service, parts and supplies needed to operate the new and/or existing hardware (including existing third-party equipment if this is required by the customer). The provider also tracks how the printer, fax, copier and MFP fleet is being used, the problems, and the user’s satisfaction.

Managed print also helps you improve environmental sustainability and document security.

LPI (LP Information)' newest research report, the “Managed Print Services Industry Forecast” looks at past sales and reviews total world Managed Print Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Managed Print Services sales for 2023 through 2029. With Managed Print Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Managed Print Services industry.

This Insight Report provides a comprehensive analysis of the global Managed Print Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Managed Print Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Managed Print Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Managed Print Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Managed Print Services.

The global Managed Print Services market size is projected to grow from US$ 37150 million in 2022 to US$ 46370 million in 2029; it is expected to grow at a CAGR of 3.2% from 2023 to 2029.

Of the major players of Managed Print Services (MPS), Fuji Xerox maintained its first place in the ranking in 2019. Fuji Xerox accounted for 29.34% of the Global Managed Print Services (MPS) revenue market share in 2019. Other players accounted for 23.06%, 16.18%, 15.80%, 6.19% including Ricoh, HP, Konica Minolta, Canon. Manufacturers of Managed Print Services (MPS) in the international market are large, specialist companies.

This report presents a comprehensive overview, market shares, and growth opportunities of Managed Print Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
On Premise Managed Print Services
Cloud-Based Managed Print Services
Hybrid Managed Print Services

Segmentation by application
Printer/Copier Manufacturers
System Integrators/Resellers
ISVs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Xerox Corporation
HP Development Company
Ricoh Company
Lexmark International

Please note: The report will take approximately 2 business days to prepare and deliver.