Managed print services market size to grow by USD 6,991.94 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The global managed print services market size is estimated to increase by USD 6,991.94 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 4.7% during the forecast period - Request a sample report

Global managed print services market – Vendor analysis
Vendor offerings -

• ARC Document Solutions Inc. - The company offers managed print services such as print management software Abacus.
• Brother Industries Ltd. - The company offers managed print services, namely Brother Managed Print Services.
• Canon Inc. - The company offers managed print services through Canon MPS.
• Exela Technologies Inc. - The company offers managed print services such as onsite and offsite print management.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global managed print services market is fragmented, with the presence of several international and regional managed printing service providers. A few prominent service providers that offer managed print services in the market are ARC Document Solutions Inc., Canon Inc., EuroForm AS, Exela Technologies Inc., Flex Technology Group, HP Development Co. LP, Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., Novatech, Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., Toshiba Corp., Vereco Inc., WBM Technologies Inc., Xerox Holdings Corp., YS Soft Corp AS, and Brother Industries Ltd. and others.

The global managed print services market is evolving. There are significant growth opportunities for digital magazines in this market, especially in developing countries of APAC and MEA. Hence, managed print service providers are trying to reach out to new customers to increase their market share. Service providers must sustain the high competition in the market in terms of pricing to gain more market share. International service providers are forming strategic alliances and product launches to enhance their offerings and expand their customer base.

Global managed print services market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global managed print services market - Segmentation assessment
Segment overview
Technavio has segmented the market based on type, deployment (cloud-based, on-premise, and hybrid) and platforms (large enterprises and SMEs). 

• The cloud-based segment will account for a significant share of the global market during the forecast period. In cloud-based MPS deployment, the printer software and files are hosted externally. This enables enterprises to access printer software and file software through a cloud network, which reduces the need for hardware and software. Globalization and expanding geographical presence of end-users operating in the IT, BFSI, and retail sectors are increasing the adoption of cloud-based MPS.

Geography overview
Based on geography, the global managed print services market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global managed print services market.

• Europe is estimated to account for 35% of the growth of the global market during the forecast period. However, in 2022, North America dominated the global market in terms of revenue, and the region is expected to maintain its position during the forecast period. The growth of the market in the region is attributed to factors such as the presence of a large number of enterprises from the BFSI, IT, healthcare, education, and other sectors.

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Global managed print services market – Market dynamics

Leading drivers - The need for the reduction of hardware and consumables costs is notably driving the market growth. MPS is a professional service offered by external service providers to optimize print and document output. It helps organizations manage print devices such as printers, fax machines, copiers, and multifunction devices. In addition, MPS enables organizations to set up cost-effective and well-managed imaging and printing networks. Some of the advantages of using MPS include hardware maintenance and reduction in workflow bottlenecks. Such factors will boost market growth during the forecast period.

Key trends - Strategic partnerships and acquisitions among market participants are key trends in the market. As competition between the existing vendors is intense, vendors are opting for strategic partnerships and acquisitions with market participants such as software, technology, and platform providers. Strategic partnerships and acquisitions help vendors in product development, geographical expansion, and access to technological expertise. They also enable vendors to explore areas of new opportunities for their products and services and generate revenue through the sales of their products and services to a wide customer base. Thus, the rising number of strategic partnerships and acquisitions between vendors and market participants is expected to have a positive impact on the growth of the global MPS market during the forecast period.

Major challenges - The increasing use of digital media is challenging market growth. Many organizations are implementing different strategies to reduce operational costs. However, the cost associated with paper operations is much higher than the actual purchasing cost of paper. Therefore, enterprises encourage employees to print documents only when necessary. In addition, enterprises have started sharing digital reports, which are more efficient and reduce the use of paper. Such factors will hinder the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this managed print services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the managed print services market between 2023 and 2027
• Precise estimation of the size of the managed print services market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the managed print services market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of managed print services market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global managed print services market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global managed print services market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 Organization Size Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Organization Size Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.4 On-premise - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.5 Hybrid - Market size and forecast 2022-2027
• Exhibit 42: Chart on Hybrid - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Hybrid - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Hybrid - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Hybrid - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Deployment 
• Exhibit 46: Market opportunity by Deployment ($ million)

7 Market Segmentation by Platform

• 7.1 Market segments 
• Exhibit 47: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Platform - Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 49: Chart on Comparison by Platform
• Exhibit 50: Data Table on Comparison by Platform

• 7.3 Large enterprises - Market size and forecast 2022-2027
• Exhibit 51: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 7.4 SMEs - Market size and forecast 2022-2027
• Exhibit 55: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Platform 
• Exhibit 59: Market opportunity by Platform ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ARC Document Solutions Inc. 
• Exhibit 112: ARC Document Solutions Inc. - Overview
• Exhibit 113: ARC Document Solutions Inc. - Business segments
• Exhibit 114: ARC Document Solutions Inc. - Key offerings
• Exhibit 115: ARC Document Solutions Inc. - Segment focus

• 12.4 Brother Industries Ltd. 
• Exhibit 116: Brother Industries Ltd. - Overview
• Exhibit 117: Brother Industries Ltd. - Business segments
• Exhibit 118: Brother Industries Ltd. - Key news
• Exhibit 119: Brother Industries Ltd. - Key offerings
• Exhibit 120: Brother Industries Ltd. - Segment focus

• 12.5 Canon Inc. 
• Exhibit 121: Canon Inc. - Overview
• Exhibit 122: Canon Inc. - Business segments
• Exhibit 123: Canon Inc. - Key news
• Exhibit 124: Canon Inc. - Key offerings
• Exhibit 125: Canon Inc. - Segment focus

• 12.6 Exela Technologies Inc. 
• Exhibit 126: Exela Technologies Inc. - Overview
• Exhibit 127: Exela Technologies Inc. - Business segments
• Exhibit 128: Exela Technologies Inc. - Key offerings
• Exhibit 129: Exela Technologies Inc. - Segment focus

• 12.7 Flex Technology Group 
• Exhibit 130: Flex Technology Group - Overview
• Exhibit 131: Flex Technology Group - Product / Service
• Exhibit 132: Flex Technology Group - Key offerings

• 12.8 HP Development Co. LP 
• Exhibit 133: HP Development Co. LP - Overview
• Exhibit 134: HP Development Co. LP - Business segments
• Exhibit 135: HP Development Co. LP - Key news
• Exhibit 136: HP Development Co. LP - Key offerings
• Exhibit 137: HP Development Co. LP - Segment focus

• 12.9 Konica Minolta Inc. 
• Exhibit 138: Konica Minolta Inc. - Overview
• Exhibit 139: Konica Minolta Inc. - Business segments
• Exhibit 140: Konica Minolta Inc. - Key news
• Exhibit 141: Konica Minolta Inc. - Key offerings
• Exhibit 142: Konica Minolta Inc. - Segment focus

• 12.10 Kyocera Corp. 
• Exhibit 143: Kyocera Corp. - Overview
• Exhibit 144: Kyocera Corp. - Business segments
• Exhibit 145: Kyocera Corp. - Key offerings
• Exhibit 146: Kyocera Corp. - Segment focus

• 12.11 Lexmark International Inc. 
• Exhibit 147: Lexmark International Inc. - Overview
• Exhibit 148: Lexmark International Inc. - Product / Service
• Exhibit 149: Lexmark International Inc. - Key offerings

• 12.12 Novatech 
• Exhibit 150: Novatech - Overview
• Exhibit 151: Novatech - Product / Service
• Exhibit 152: Novatech - Key offerings

• 12.13 Ricoh Co. Ltd. 
• Exhibit 153: Ricoh Co. Ltd. - Overview
• Exhibit 154: Ricoh Co. Ltd. - Business segments
• Exhibit 155: Ricoh Co. Ltd. - Key news
• Exhibit 156: Ricoh Co. Ltd. - Key offerings
• Exhibit 157: Ricoh Co. Ltd. - Segment focus

• 12.14 Seiko Epson Corp. 
• Exhibit 158: Seiko Epson Corp. - Overview
• Exhibit 159: Seiko Epson Corp. - Business segments
• Exhibit 160: Seiko Epson Corp. - Key news
• Exhibit 161: Seiko Epson Corp. - Key offerings
• Exhibit 162: Seiko Epson Corp. - Segment focus

• 12.15 Sharp Corp. 
• Exhibit 163: Sharp Corp. - Overview
• Exhibit 164: Sharp Corp. - Business segments
• Exhibit 165: Sharp Corp. - Key news
• Exhibit 166: Sharp Corp. - Key offerings
• Exhibit 167: Sharp Corp. - Segment focus

• 12.16 Toshiba Corp. 
• Exhibit 168: Toshiba Corp. - Overview
• Exhibit 169: Toshiba Corp. - Business segments
• Exhibit 170: Toshiba Corp. - Key offerings
• Exhibit 171: Toshiba Corp. - Segment focus

• 12.17 Xerox Holdings Corp. 
• Exhibit 172: Xerox Holdings Corp. - Overview
• Exhibit 173: Xerox Holdings Corp. - Product / Service
• Exhibit 174: Xerox Holdings Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations 
• Exhibit 181: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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