IMARC Group, a leading market research company, has recently released a report titled, “ Managed Print Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028  “, The study provides a detailed analysis of the global managed print services market industry , including size, share, trends, and growth forecasts.

Report Highlights

How big is the managed print services market?

The global managed print services market size reached US$ 42.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.4 % during 2023-2028.

What is managed print services?

Managed print service (MPS) is a customized service employed to manage the printing devices of the company. , information technology (IT), and telecom industries.

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What are the growth prospects and trends in the managed print services industry?

Rapid digitization and the increasing use of paper across numerous industries are among the primary factors positively influencing the market across the globe. In addition, the growing need to manage time-consuming tasks is catalyzing the demand for cloud-based printing solutions to eliminate the need for on-premises infrastructure and enable the IT team to manage printers directly through a centralized portal. This, in confluence with the increasing demand for mobile printing ecosystems and reducing funding of businesses in buying printing solutions, is creating a favorable market outlook. as artificial intelligence (AI) with wireless printing devices, combined with big data analytics for predictive maintenance, upgrading systems, and reducing waste,is offering lucrative growth opportunities to the key market players to introduce advanced devices. Leading service providers are also introducing multi-level authentication to ensure protection against network intrusion and ensure streamlined workflow in the high-volume printing environment, which is further strengthening the market growth Additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones, and tablets, are contributing to the market growth. Waste,Besides this, increasing investments in research and development (R&D) activities to Employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.Leading service providers are also introducing multi-level authentication to ensure protection against network intrusion and ensure streamlined workflow in the high-volume printing environment, which is further strengthening the market growth Additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones, and tablets, are contributing to the market growth. waste,Besides this, increasing investments in research and development (R&D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.Leading service providers are also introducing multi-level authentication to ensure protection against network intrusion and ensure streamlined workflow in the high-volume printing environment, which is further strengthening the market growth Additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones, and tablets, are contributing to the market growth. waste,Besides this, increasing investments in research and development (R&D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.which is further strengthening the market growth additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones,and tablets, are contributing to the market growth. Waste,Besides this, increasing investments in research and development (R&D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.which is further strengthening the market growth Additionally, the increasing penetration of the high-speed internet and the rising adoption of devices, such as laptops, smartphones, and tablets, are contributing to the market growth. Waste,Besides this, increasing investments in research and development (R&D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market.D) activities to employ robotic process automation (RPA) and introduce an error-free virtual workforce that replaces human involvement is anticipated to drive the market. replaces human involvement is anticipated to drive the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:
Print Management
Device Management
Discovery and Design
Document Imaging

Breakup by Deployment Mode:
On-premises
Cloud-based

Breakup by Organization Size:
Large Enterprises
Medium Enterprises
Small Enterprises

Breakup by Industry Vertical:
BFSI
Government
Healthcare and Education
Manufacturing
Retail and Consumer Goods
IT and Telecom
Others

Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ARC Document Solutions Inc.
Brother Industries Ltd.
Canon Inc.
HP Inc.
Konica Minolta Inc.
Lexmark International Inc.
Ricoh Company Ltd.
Sharp Corporation
Toshiba Corporation
WeP Solutions Ltd
Xerox Corporation.

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