Global Managed Print Services (MPS) market

Managed Print Services (MPS) market Size, Share, Growth Analysis, By Deployment Mode(On-Premises, Cloud-Based), By Channel type(Printer/Copier Manufacturers, System Integrators/Resellers), By Industry vertical(Banking, Financial Services, and Insurance (BFSI)), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Managed Print Services (MPS) Market?

Global Managed Print Services (MPS) Market size was valued at USD 44.40 billion in 2022 and is poised to grow from USD 49.51 billion in 2023 to USD 118.27 billion by 2031, at a CAGR of 11.50% during the forecast period (2024-2031).

Report ID: SQMIG45B2096 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 88 | Figures: 76

Managed Print Services (MPS) market Regional Insights

North America presently dominates the worldwide controlled print services (MPS) market because of its superior technological infrastructure and the full-size adoption of controlled print offerings among companies. The vicinity's mature marketplace, coupled with a excessive awareness of cost-performance and sustainability blessings, has contributed to its leadership within the MPS area.

However, the Asia Pacific is the quickest-growing vicinity within the international controlled print services (MPS) marketplace. This growth may be attributed to the place's expanding commercial enterprise landscape, increasing digitization efforts, and a growing want for green file management solutions. Additionally, emerging economies inside Asia Pacific are increasingly spotting the blessings of MPS in optimizing operational prices and improving productivity, similarly driving the market's rapid expansion.

Managed Print Services (MPS) market Report Snapshots

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Managed Print Services (MPS) Market size was valued at USD 44.40 billion in 2022 and is poised to grow from USD 49.51 billion in 2023 to USD 118.27 billion by 2031, at a CAGR of 11.50% during the forecast period (2024-2031).

The aggressive panorama within the international managed print services (MPS) market is characterised by excessive competition amongst numerous nicely-set up and emerging gamers. Companies working on this area are continually striving to distinguish themselves by offering a big range of MPS answers and associated offerings. 'Xerox Corporation (US)', 'Ricoh Company, Ltd. (Japan)', 'HP Development Company, L.P (US)', 'Konica Minolta, Inc. (Japan)', 'Canon, Inc. (Japan)', 'Lexmark International, Inc. (US)', 'Kyocera Corporation (Japan)', 'Sharp Corporation (Japan)', 'Toshiba Corporation (Japan)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Brother Industries, Ltd. (Japan)', 'Epson America, Inc. (US)', 'Oki Electric Industry Co., Ltd. (Japan)', 'Fujitsu Limited (Japan)', 'Riso Kagaku Corporation (Japan)', 'Lenovo Group Limited (China)', 'Dell Technologies, Inc. (US)', 'Panasonic Corporation (Japan)', 'Pitney Bowes Inc. (US)', 'Lexmark International Ltd. (UK)'

The continuous evolution of printing technology, together with the mixing of IoT, cloud computing, and Artificial intelligence, is improving the abilities of MPS offerings. These technological innovations enable greater green and price-powerful print management, document safety, and workflow optimization, using the adoption of MPS solutions throughout numerous industries.

Managed Print Services (MPS) Embracing Artificial Intelligence (AI): MPS vendors are leveraging AI to enhance print surroundings performance, predictive maintenance, and security. AI-driven analytics and automation are helping organizations benefit from deeper insights into their print operations, optimize workflows, reduce downtime, and proactively deal with printing troubles. This fashion is pushed by the growing demand for wise, data-pushed answers that not only manipulate printing wishes but also make contributions to broader digital transformation tasks within agencies.

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Managed Print Services (MPS) market Regional Insights

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