ALBANY, New York, May 30, 2016 /PRNewswire/ --
According to a new market report published by Transparency Market Research entitled "Managed Print Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024," the Managed Print Services Market is expected to reach US$ 94.97 Bn in revenue by 2024, rising from US$ 26.18 Bn in 2015. The market is estimated to expand at a CAGR of 14.8% during the forecast period from 2016 to 2024.
In a cost-sensitive environment, organizations are highly influenced by the cost benefits offered by MPS by reducing the operational costs of their printing activities. This is one of the major factors attracting organizations to adopt MPS. The need for the streamlining of the printing workflow and for monitoring and control of printer usage by employees have added to the cost reduction benefits achieved through the implementation of MPS. The growth of the MPS market is also expected to be driven by environmental benefits such as a reduction in paper wastage and efficient use of energy achieved through the implementation of MPS. Growth in awareness about the benefits of MPS in the SMEs is expected to further boost the growth of the MPS market in the coming years. The SMEs segment of the MPS market is projected to grow faster than large enterprises in terms of the adoption of MPS during the forecast period.
Get Sample Report Copy or for further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7859
Channel partner/core MPS providers accounted for the largest share of the total MPS market in 2015. In order to cater to the ever increasing demand for MPS in the discrete SMEs sector, lead MPS vendors have turned to channel partners in order to expand their customer base by targeting untapped opportunities. Furthermore, cloud-based deployment was the largest segment of the MPS market in 2015 and is likely to dominate over the forecast period. The cost effectiveness of cloud-based MPS deployment and reduction in the burden on organizations' internal servers are some of the major factors expected to drive the cloud-based MPS market in the coming years.
The government and public end-use segment was the largest in 2015 and is likely to hold its top position in terms of revenue share the forecast period. Government authorities deal in a high amount of paperwork and their high preference for security of these vital documents/data has influenced the dominance of the government and public sector segment in the MPS market.
The major key companies operating in MPS market include Xerox Corporation, ARC Document Solutions, Inc., Ricoh Company Ltd., Lexmark Corporation, Canon, Inc., Konica Minolta, Inc., KYOCERA Corporation, Toshiba Corporation, HP Development, L.P., and Print Audit. Key players are focusing on increasing the number of channel partners and geographical expansion to increase their market presence.
Browse In Detail Regional Analysis: http://www.europlat.org/global-managed-print-services-mps-market.htm
The managed print services (MPS) market is segmented as below.
Managed Print Services Market
- Printer/Copier Manufacturers
- Channel Partner/Core MPS Providers
By Enterprise Size
- Large Enterprises
- Telecom and IT
- Government and Public
- Health care
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Other Research Reports by Transparency Market Research:
- Peer-to-Peer Lending Market:
- Digital Asset Management market:
- Interactive Whiteboard Market
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.
Mr. Sudip. S
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research