Managed Print Services Market worth $59.70 Billion by 2025: Global Forecast Report

Press Release

According to the report published by Allied market research, the global managed print services market garnered $27.50 billion in 2017 and is expected to reach $59.70 billion by 2025, registering a CAGR of 10.3% from 2018 to 2025.

Enhanced information security, reduced operational cost, initiatives to lower wastage of plastic at workplaces, an increase in adoption of big data solutions facilitate the growth in the market. However, recurring costs and strategic agreements and partnerships restrain market growth. On the other hand, the surge in print security spending and rise in adoption of cloud MPS create new opportunities in the market.

managed-print-services-market

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Hybrid cloud segment to be lucrative

Based on deployment mode, the hybrid cloud segment contributed nearly three-fifths of the total share in 2017 and is expected to maintain its lead position throughout the forecast period. This segment is expected to grow at a CAGR of 11.5% from 2018 to 2025. It is a lucrative segment, owing to demand cloud-based MPS to lower the cost of printing and shift towards novel solutions to support mobility, improve security, and make efficient business workflows. The research also analyzes the on-premise deployment model.

North America to maintain its dominant share by 2025

North America contributed more than two-fifths of the total share in 2017 and is projected to maintain its dominant share throughout the forecast period. This is due to the presence of leading manufacturers, supportive government regulations, an increase in the number of startups in this region. However, Asia-Pacific is expected to register the highest CAGR of 14.0% from 2018 to 2025, owing to surge in retail & consumer goods startups in nations such as ChinaIndia, and Japan.

Frontrunners of the industry

Leading market players analyzed in the research include Xerox, HP Inc., Toshiba, Lexmark International, Inc., Ricoh Company, Ltd., Canon Inc., Konica Minolta, Inc., Sharp Electronics, Kyocera Document Solutions, and ARC Document Solutions.

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