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 2025-2032

Managed Print Services (MPS) market size was valued at USD 49.51 Billion in 2023 and is poised to grow from USD 55.2 Billion in 2024 to USD 131.87 Billion by 2032, growing at a CAGR of 11.50% during the forecast period (2025-2032).

The worldwide managed print offerings (MPS) marketplace has been experiencing regular growth in current years, pushed with the aid of growing focus amongst businesses approximately the benefits of outsourcing their print control desires. As groups are seeking to streamline their operations and decrease costs, MPS companies have turn out to be instrumental in optimizing print environments. This enterprise's growth can also be attributed to the growing emphasis on sustainability, with MPS solutions supporting businesses reduce paper waste and power intake.

Additionally, the rapid tempo of technological improvements inside the printing industry and the growing call for for cloud-based solutions have further fueled the adoption of MPS offerings. To stay competitive, MPS providers are continuously innovating to offer a much broader variety of offerings, along with record protection, far off monitoring, and predictive preservation.

Overall, the worldwide managed print services marketplace is poised for continued enlargement as businesses recognize the price of outsourcing their printing desires to specialized service vendors.