Managed Print Services Market Intelligence

Managed Print Services Market Description

The managed print services (MPSs) market is currently estimated at $36.9 billion and is expected to reach a value of $80 billion by 2024, growing at an estimated CAGR of 14 percent. MPSs constitute 40 percent of the overall enterprise printer market, while value-added resellers constitute around 20 percent of the entire managed print services market. Factors driving the printer market globally are cloud printing, mobile printing, and other technology advancements. The market for MPSs is highly consolidated with the top 3 vendors, Xerox, Lexmark, and HP, controlling 70 percent of the market globally.

The report provides a comprehensive overview of the managed print services (MPSs) market, analyzing MPS strategies and market growth. The report examines the MPS process flow and identifies sourcing models and key negotiation areas. The report also presents an analysis of the print services market drivers and constraints. The current key market trends for MPS are also analyzed in the report and a forecast is provided. The report analyzes the market share and price benchmarks in the US. Additionally, the report elaborates on the pricing models, price drivers and technology shifts.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

MPSs: Key Market Trends
Technology Shifts: MCSs
Pricing Models: MPSs
Key Negotiation Areas

Managed Print Services Market Trend, Analysis & Forecast

Category Intelligence on Managed Print Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

icon
Executive Summary

icon
Market Analysis

icon
Supply Analysis

icon
Cost & Pricing Analysis

icon
Best Practices

Executive Summary
Print Category: Overview
MPSs: CAGR
Market Share: MPSs
MPSs: Price Benchmark in US
Key Market Trends
Technology Shifts: Managed Content Service (MCS), Follow Me Printing

Global Market Outlook on Managed Print Services

MPSs [CAGR (2015–2024) – 14 percent] and managed document services [CAGR (2015–2024) – 8 percent] have witnessed increasing adoption by large enterprises, due to enhanced process efficiency offered by these models
Cloud printing, mobile printing [CAGR (2012–2018) – 55 percent] and other technology advancements, such as pull printing drive the printer market globally
Increasing green initiatives to reduce carbon foot print and paper usage for print has reduced the print volume across enterprises
MPSs are expected to grow to an accounted value of $80 billion from $25 billion during 2015–2024

Printer Market Drivers and Constraints

Drivers

Secured Printing (pull printing) – eliminates data leaks by restricting unauthorized printer access
Consumerization of IT and mobility (secure printing through smartphones and tablets)
Environmental drivers – reduction in carbon foot print, reduced power usage through Multi-Function Devices (MFDs)
Business process improvement – print process integration and optimization
Technology advancements – shorter lead time to print, duplex printing, pull printing, print on-demand

Constraints

Increasing penetration of digital media that reduces usage of printers
Growing awareness on reducing print/save trees
Decrease in number of devices per employee in an enterprise

Printer Market Shifts

MPS is moving towards Managed Document Services (MDS), which enables print process optimization and manages the entire document lifecycle
Managed document services digitizes the document distribution, thereby reducing the print volume
There is a shift towards cloud printing, due to high adoption of mobile devices and availability of cloud solutions to support them
Cloud printing enables mobile employees to manage their print requirements efficiently by reducing lead time for print. These devices are capable to scan and store documents in cloud enabling document collaboration
With increased enterprise BYOD adoption, enhanced application security features and access control, mobile printing has gained importance among enterprises to access and print documents on the move
There is a shift in the global printer market from black and white print impressions to color print impressions and traditional printers to ultra-high volume inkjet printers
This has resulted in increase in demand for high-speed continuous-feed inkjet printers, and in turn, has boosted the growth of the overall printer market