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FEATURED COMPANIES
- Canon Inc.
- HP Inc.
- Ricoh Co. Ltd.
- Xerox Corp.
- MORE
Global Managed Print Services (MPS) Market: About this market
Managed print services involve the management of all aspects of organizations’ printing devices. The managed print services market analysis considers revenue generation from the cloud-based, on-premise, and hybrid segments. Our analysis also considers the provision of managed print services in APAC, Europe, MEA, North America, and South America. In 2018, the cloud-based segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the reduced need for hardware and software by deploying MPS on cloud and the expanding geographical presence of end-users operating in the IT, BFSI, and retail sectors will help the segment in maintaining its leading market position. Also, our global managed print services report has observed market growth factors such as need for the reduction of hardware and consumables costs, increased adoption of MPS by SMEs, and increased adoption of MPS in the BFSI sector. However, challenges such as increasing use of digital media, lack of ownership, and increase in initial investment and security challenges associated with MPS may hamper the growth of the managed print services industry over the forecast period.
Global Managed Print Services Market: Overview
Increased adoption of MPS by SMEs
Governments have identified that SMEs play a crucial role in contributing to economic growth. As a result, governments are offering incentives, including favorable tax benefits and better access to loans, special audit programs, and others to SMEs to help them remain in business. Furthermore, with the increased digitalization, SMEs are deploying new software and hardware to streamline their operations and minimize operational expenditure. To further enhance operations, SMEs are focusing on reducing the printing cost and optimizing resources properly by using MPS. These factors are contributing to significant growth of vendors, which is fueling the development of the global managed print services market. The market is expected to record a CAGR of nearly 5% during 2019-2023.
Integration of AI into the print industry
Vendors are innovating to expand their customer base. With the advent of technologies such as AI and machine learning (ML), vendors are building AI-enabled products. These products have reduced human intervention and increased efficiency. The need to create a sustainable ecosystem has given rise to the establishment of a circular economy, which involves recycling and re-use of products. Moreover, ML combined with AI solution provides network-level behavior analytics and real-time glitch detection, which helps facilitates self-monitoring and self-healing in printing devices by analyzing real-time attack from AI breaches. This trend will augment business opportunities for vendors. Therefore, the trend is expected to have a positive impact on the overall managed print services market growth during the forecast period.
Competitive Landscape
With the presence of a few major players, the global managed print services market is concentrated. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of few leading vendors such as Canon Inc., HP Inc., Lexmark International Inc., Ricoh Co. Ltd., and Xerox 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 in strategizing and leveraging on all forthcoming growth opportunities.
Managed print services involve the management of all aspects of organizations’ printing devices. The managed print services market analysis considers revenue generation from the cloud-based, on-premise, and hybrid segments. Our analysis also considers the provision of managed print services in APAC, Europe, MEA, North America, and South America. In 2018, the cloud-based segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the reduced need for hardware and software by deploying MPS on cloud and the expanding geographical presence of end-users operating in the IT, BFSI, and retail sectors will help the segment in maintaining its leading market position. Also, our global managed print services report has observed market growth factors such as need for the reduction of hardware and consumables costs, increased adoption of MPS by SMEs, and increased adoption of MPS in the BFSI sector. However, challenges such as increasing use of digital media, lack of ownership, and increase in initial investment and security challenges associated with MPS may hamper the growth of the managed print services industry over the forecast period.
Global Managed Print Services Market: Overview
Increased adoption of MPS by SMEs
Governments have identified that SMEs play a crucial role in contributing to economic growth. As a result, governments are offering incentives, including favorable tax benefits and better access to loans, special audit programs, and others to SMEs to help them remain in business. Furthermore, with the increased digitalization, SMEs are deploying new software and hardware to streamline their operations and minimize operational expenditure. To further enhance operations, SMEs are focusing on reducing the printing cost and optimizing resources properly by using MPS. These factors are contributing to significant growth of vendors, which is fueling the development of the global managed print services market. The market is expected to record a CAGR of nearly 5% during 2019-2023.
Integration of AI into the print industry
Vendors are innovating to expand their customer base. With the advent of technologies such as AI and machine learning (ML), vendors are building AI-enabled products. These products have reduced human intervention and increased efficiency. The need to create a sustainable ecosystem has given rise to the establishment of a circular economy, which involves recycling and re-use of products. Moreover, ML combined with AI solution provides network-level behavior analytics and real-time glitch detection, which helps facilitates self-monitoring and self-healing in printing devices by analyzing real-time attack from AI breaches. This trend will augment business opportunities for vendors. Therefore, the trend is expected to have a positive impact on the overall managed print services market growth during the forecast period.
Competitive Landscape
With the presence of a few major players, the global managed print services market is concentrated. The robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of few leading vendors such as Canon Inc., HP Inc., Lexmark International Inc., Ricoh Co. Ltd., and Xerox 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 in strategizing and leveraging on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4
FEATURED COMPANIES
- Canon Inc.
- HP Inc.
- Ricoh Co. Ltd.
- Xerox Corp.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 08: GEOGRAPHIC LANDSCAPE
Exhibit 01: Key offerings - vendors
Exhibit 02: Global information technology (IT) services market
Exhibit 03: Segments of global information technology (IT) services market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Deployment - Market share 2018-2023 (%)
Exhibit 19: Comparison by deployment
Exhibit 20: Cloud-based - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Cloud-based - Year-over-year growth 2019-2023 (%)
Exhibit 22: On-premise - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: On-premise - Year-over-year growth 2019-2023 (%)
Exhibit 24: Hybrid - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Hybrid - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by deployment
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Canon Inc. - Vendor overview
Exhibit 49: Canon Inc. - Business segments
Exhibit 50: Canon Inc. - Organizational developments
Exhibit 51: Canon Inc. - Geographic focus
Exhibit 52: Canon Inc. - Segment focus
Exhibit 53: Canon Inc. - Key offerings
Exhibit 54: HP Inc. - Vendor overview
Exhibit 55: HP Inc. - Business segments
Exhibit 56: HP Inc. - Organizational developments
Exhibit 57: HP Inc. - Geographic focus
Exhibit 58: HP Inc. - Segment focus
Exhibit 59: HP Inc. - Key offerings
Exhibit 60: Lexmark International Inc. - Vendor overview
Exhibit 61: Lexmark International Inc. - Organizational developments
Exhibit 62: Lexmark International Inc. - Key offerings
Exhibit 63: Ricoh Co. Ltd. - Vendor overview
Exhibit 64: Ricoh Co. Ltd. - Business segments
Exhibit 65: Ricoh Co. Ltd. - Organizational developments
Exhibit 66: Ricoh Co. Ltd. - Geographic focus
Exhibit 67: Ricoh Co. Ltd. - Segment focus
Exhibit 68: Ricoh Co. Ltd. - Key offerings
Exhibit 69: Xerox Corp. - Vendor overview
Exhibit 70: Xerox Corp. - Organizational developments
Exhibit 71: Xerox Corp. - Geographic focus
Exhibit 72: Xerox Corp. - Key offerings
Exhibit 73: Validation techniques employed for market sizing
Exhibit 74: Definition of market positioning of vendors
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by deployment
- Comparison by deployment
- Cloud-based - Market size and forecast 2018-2023
- On-premise - Market size and forecast 2018-2023
- Hybrid - Market size and forecast 2018-2023
- Market opportunity by deployment
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
- Market drivers
- Market challenges
- Strategic partnerships and acquisitions among market participants
- Integration of AI into the print industry
- Managed IoT services
- Overview
- Landscape disruption
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Canon Inc.
- HP Inc.
- Lexmark International Inc.
- Ricoh Co. Ltd.
- Xerox Corp.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
Exhibit 01: Key offerings - vendors
Exhibit 02: Global information technology (IT) services market
Exhibit 03: Segments of global information technology (IT) services market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Deployment - Market share 2018-2023 (%)
Exhibit 19: Comparison by deployment
Exhibit 20: Cloud-based - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Cloud-based - Year-over-year growth 2019-2023 (%)
Exhibit 22: On-premise - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: On-premise - Year-over-year growth 2019-2023 (%)
Exhibit 24: Hybrid - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Hybrid - Year-over-year growth 2019-2023 (%)
Exhibit 26: Market opportunity by deployment
Exhibit 27: Customer landscape
Exhibit 28: Market share by geography 2018-2023 (%)
Exhibit 29: Geographic comparison
Exhibit 30: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: Key leading countries
Exhibit 41: Market opportunity
Exhibit 42: Impact of drivers and challenges
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Canon Inc. - Vendor overview
Exhibit 49: Canon Inc. - Business segments
Exhibit 50: Canon Inc. - Organizational developments
Exhibit 51: Canon Inc. - Geographic focus
Exhibit 52: Canon Inc. - Segment focus
Exhibit 53: Canon Inc. - Key offerings
Exhibit 54: HP Inc. - Vendor overview
Exhibit 55: HP Inc. - Business segments
Exhibit 56: HP Inc. - Organizational developments
Exhibit 57: HP Inc. - Geographic focus
Exhibit 58: HP Inc. - Segment focus
Exhibit 59: HP Inc. - Key offerings
Exhibit 60: Lexmark International Inc. - Vendor overview
Exhibit 61: Lexmark International Inc. - Organizational developments
Exhibit 62: Lexmark International Inc. - Key offerings
Exhibit 63: Ricoh Co. Ltd. - Vendor overview
Exhibit 64: Ricoh Co. Ltd. - Business segments
Exhibit 65: Ricoh Co. Ltd. - Organizational developments
Exhibit 66: Ricoh Co. Ltd. - Geographic focus
Exhibit 67: Ricoh Co. Ltd. - Segment focus
Exhibit 68: Ricoh Co. Ltd. - Key offerings
Exhibit 69: Xerox Corp. - Vendor overview
Exhibit 70: Xerox Corp. - Organizational developments
Exhibit 71: Xerox Corp. - Geographic focus
Exhibit 72: Xerox Corp. - Key offerings
Exhibit 73: Validation techniques employed for market sizing
Exhibit 74: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES
- Canon Inc.
- HP Inc.
- Ricoh Co. Ltd.
- Xerox Corp.
- MORE
The following companies are recognised as the key players in the global managed print services market: Canon Inc., HP Inc., Lexmark International Inc., Ricoh Co. Ltd., and Xerox Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of AI into the print industry.”
According to the report, one of the major drivers for this market is the increased adoption of MPS by SMEs.
Further, the report states that one of the major factors hindering the growth of this market is the increasing use of digital media.
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 a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of AI into the print industry.”
According to the report, one of the major drivers for this market is the increased adoption of MPS by SMEs.
Further, the report states that one of the major factors hindering the growth of this market is the increasing use of digital media.
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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Canon Inc.
- HP Inc.
- Lexmark International Inc.
- Ricoh Co. Ltd.
- Xerox Corp.
Note: Product cover images may vary from those shown
