Managed Print Services Market To Reach $89.26 Billion By 2030

Managed Print Services Market Growth & Trends

The global managed print services market size is expected to reach USD 89.26 billion by 2030, registering a CAGR of 10.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Managed print services (MPS) provide accurate monitoring of print resources through the clearly defined mechanisms and analysis. MPS providers emphasize modernization and continuous improvement in their offerings but few communicate the business value of MPS. Enhancing the use of analytics and cloud computing will boost the market over the forecast period.

Cloud-based deployment mode is expected to hold the largest share of the managed print services market over the forecast period. High cost-effectiveness with the deployment of managed print services are changing the aspects of the conventional IT model. Cloud-based deployment holds the maximum market share as it offers businesses to remotely access their documents and data on the cloud while hybrid deployment mode is expected to be the fastest-growing mode of deployment over the next few years.

Large enterprises segment is anticipated to dominate the managed print services market over the forecast period. They are mainly prone to malware, threats, spams, and other security concerns. To avoid these, they are focused on managing their operations and processes. Thus, dominating the managed print services market in the forecast period.

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Managed Print Services Market Report Highlights

• The printers/copiers manufacturers segment accounted for the largest market revenue share of 53.3% in 2023. Enhanced security features are essential for printer and copier manufacturers in the managed print services market.

• The on-premises segment accounted for the largest market revenue share in 2023. Organizations with data protection requirements, such as those in healthcare, finance, and legal sectors, prefer on-premises solutions due to control over sensitive information.

• The large enterprises segment accounted for the largest market revenue share in 2023. Large organizations operate across multiple locations, departments, and business units, leading to fragmented and inefficient print management.

• The BFSI sector accounted for the largest revenue share in 2023. The BFSI sector is regulated and handles sensitive and confidential information.

• The North America managed print services market held the largest share of 38.2% in 2023. MPS providers in this region leverage advanced printing solutions and cloud computing to offer more efficient, secure, and scalable print management solutions.

Managed Print Services Market Segmentation

Grand View Research has segmented global managed print services market report based on channel, deployment, enterprise size, end-use, and region:

Managed Print Services Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Printers/Copiers Manufacturers

• System Integrators

• Independent Software Vendors

Managed Print Services Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• On- Premise

• Cloud-Based

Managed Print Services Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• SMEs

• Large Enterprises

Managed Print Services End-use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• Education

• Government

• Healthcare

• Industrial Manufacturing

• Retail & Consumer Goods

• Telecom & IT

• Others

Managed Print Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Arabia

  • South Africa

  • UAE

List of Key Players of Managed Print Services Market

• Xerox Corporation

• HP Development Company, L.P.

• Ricoh

• Lexmark International, Inc.

• Konica Minolta, Inc.

• ARC Document Solutions, LLC

• SAMSUNG ELECTRONICS CO., LTD.

• Canon Inc.

• SHARP CORPORATION

• TOSHIBA CORPORATION