Managed Print Services Market Overview:

The global Managed Print Services Market is expected to reach USD 82.90 billion by 2030, according to a report by Market Research Future (MRFR). The market is projected to grow at a CAGR of 9.20% during the forecast period (2022-2030).

The growth of the MPS market can be attributed to a number of factors, including the increasing adoption of cloud computing, the growing demand for security and compliance, and the rising need to improve efficiency and productivity.

Cloud Computing

Cloud computing is a major driving force behind the growth of the MPS market. Cloud-based MPS solutions offer a number of advantages over traditional MPS solutions, including lower upfront costs, easier scalability, and improved security.

Security and Compliance

The increasing demand for security and compliance is another major factor driving the growth of the MPS market. MPS providers can help organizations to comply with a variety of regulations, such as HIPAA, PCI DSS, and SOX.

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Efficiency and Productivity

MPS providers can help organizations to improve efficiency and productivity by providing a number of services, such as device and toner management, print volume optimization, and user training.

Key Players

Some of the key players in the global MPS market include Lexmark International Corporation (U.S.), ARC Document Solutions, Inc. (U.S.), Xerox Corporation (U.S.), HP Development Company, L.P. (U.S.), Ricoh Company, Ltd. (Japan), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sharp Corporation (Japan), and Konica Minolta, Inc. (Japan).

Segments

The global MPS market is segmented by component, deployment, and end-user.

By Component

The component segment of the market is further segmented into hardware, software, and services. The hardware segment is expected to be the largest segment of the market during the forecast period. This is because MPS providers need to provide a variety of hardware devices, such as printers, copiers, and scanners.

By Deployment

The deployment segment of the market is further segmented into on-premises and cloud-based. The cloud-based segment is expected to be the fastest-growing segment of the market during the forecast period. This is because cloud-based MPS solutions offer a number of advantages over traditional on-premises MPS solutions, such as lower upfront costs, easier scalability, and improved security.

By End-User

The end-user segment of the market is further segmented into small and medium-sized enterprises (SMEs) and large enterprises. Large enterprises are expected to be the largest segment of the market during the forecast period. This is because large enterprises have a high volume of printing and a complex printing environment.

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Regional Analysis

The global MPS market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to be the largest market for MPS during the forecast period. This is because North America has a large number of large enterprises that are adopting MPS solutions to improve efficiency and productivity.

Conclusion

The global MPS market is expected to grow at a significant rate during the forecast period. The growth of the market can be attributed to a number of factors, including the increasing adoption of cloud computing, the growing demand for security and compliance, and the rising need to improve efficiency and productivity.