Managed Print Service Trends and Forecast
The future of the global managed print service market looks promising with opportunities in the BFSI, government, healthcare, education, industrial manufacturing, retail, food & beverage, and IT & telecom markets. The global managed print service market is expected to reach an estimated $75.4 billion by 2030 with a CAGR of 10.4% from 2024 to 2030. The major drivers for this market are increased adoption of big data solutions, consistent rise in the complexity of technological solutions, and growing initiatives by organizations to reduce paper waste.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Managed Print Service by Segment
The study includes a forecast for the global managed print service by type, deployment mode, organization size, end use, and region.
Managed Print Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Print Management
• Device Management
• Discovery and Design
• Document Imaging
Managed Print Service Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
• Hybrid Cloud
• On-Premise
Managed Print Service Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• Medium Enterprises
• Small Enterprises
Managed Print Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Government
• Healthcare
• Education
• Industrial Manufacturing
• Retail
• Food & Beverages
• IT & Telecom
• Others
Managed Print Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Managed Print Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies managed print service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the managed print service companies profiled in this report include-
• Sharp
• Konica Minolta
• Ricoh Company
• Canon
• Kyocera Document Solutions
• Xerox
• Toshiba
• HP
• Lexmark International
• ARC
Managed Print Service Market Insights
Lucintel forecasts that device management will remain the largest segment over the forecast period because the increased usage of these solutions helps enhance the performance of network printing devices, maximize efficiency, and control expenses.
Within this market, BFSI will remain the largest segment because papers are often used for loan applications, account opening, and other purposes.
North America will remain the largest region over the forecast period due to presence of significant printer/copier manufacturers, favorable government laws, and an increase in the number of startups in this region.
Features of the Global Managed Print Service Market
Market Size Estimates: Managed print service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Managed print service market size by type, deployment mode, organization size, end use, and region in terms of value ($B).
Regional Analysis: Managed print service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, deployment mode, organization size, end use, and regions for the managed print service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the managed print service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the managed print service market size?
Answer: The global managed print service market is expected to reach an estimated $75.4 billion by 2030.
Q2. What is the growth forecast for managed print service market?
Answer: The global managed print service market is expected to grow with a CAGR of 10.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the managed print service market?
Answer: The major drivers for this market are increased adoption of big data solutions, consistent rise in the complexity of technological solutions, and growing initiatives by organizations to reduce paper waste.
Q4. What are the major segments for managed print service market?
Answer: The future of the global managed print service market looks promising with opportunities in the BFSI, government, healthcare, education, industrial manufacturing, retail, food & beverage, and IT & telecom markets.
Q5. Who are the key managed print service market companies?
Answer: Some of the key managed print service companies are as follows:
• Sharp
• Konica Minolta
• Ricoh Company
• Canon
• Kyocera Document Solutions
• Xerox
• Toshiba
• HP
• Lexmark International
• ARC
Q6. Which managed print service market segment will be the largest in future?
Answer: Lucintel forecasts that device management will remain the largest segment over the forecast period because the increased usage of these solutions helps enhance the performance of network printing devices, maximize efficiency, and control expenses.
Q7. In managed print service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to presence of significant printer/copier manufacturers, favorable government laws, and an increase in the number of startups in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the managed print service market by type (print management, device management, discovery and design, and document imaging), deployment mode (hybrid cloud and on-premise), organization size (large enterprises, medium enterprises, and small enterprises), end use (BFSI, government, healthcare, education, industrial manufacturing, retail, food & beverages, IT & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Managed Print Service Market, Managed Print Service Market Size, Managed Print Service Market Growth, Managed Print Service Market Analysis, Managed Print Service Market Report, Managed Print Service Market Share, Managed Print Service Market Trends, Managed Print Service Market Forecast, Managed Print Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.