Global “Managed Print Services (MPS) market” report also concentrates on the development tendencies as well as history, competitive landscape evaluation, growth, key players, and key regions, etc. from the global Managed Print Services (MPS) industry.
Managed Print Services (MPS) market report is made by our industry experts to understand the worldwide Managed Print Services (MPS) production, growth rate, consumption, market share, production volume, price, gross margin, and revenue. Our industry experts give the overview of the market by past, present, future demands and opportunities which helps the stakeholders and individuals interested in Managed Print Services (MPS).
The global Managed Print Services (MPS) market to grow ata CAGR of nearly 5% during the period 2019-2023.
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Managed print services involve the management of all aspects of organizations’ printing devices. Our managed print services market analysis considers revenue generation from the cloud-based, on-premise, and hybrid segments. Our analysis also considers the provision of managed print services in APAC, Europe, MEA, North America, and South America. In 2018, the cloud-based segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the reduced need for hardware and software by deploying MPS on cloud and the expanding geographical presence of end-users operating in the IT, BFSI, and retail sectors will help the segment in maintaining its leading market position.Also, our global managed print services report has observed market growth factors such as need for the reduction of hardware and consumables costs, increased adoption of MPS by SMEs, and increased adoption of MPS in the BFSI sector. However, challenges such as increasing use of digital media, lack of ownership, and increase in initial investment and security challenges associated with MPS may hamper the growth of the managed print services industry over the forecast period.
Key Manufacturers Includes:
MARKET DYNAMICS:Market Driver:Increased Adoption Of Mps By Smes.Market Trend:Integration Of Ai Into Print IndustryMarket Challenge:Increasing Use Of Digital Media.Increased adoption of MPS by SMEsGovernments have identified that SMEs play a crucial role in contributing to economic growth. As a result, governments are offering incentives, including favorable tax benefits and better access to loans, special audit programs, and others to SMEs to help them remain in business. Furthermore, with the increased digitalization, SMEs are deploying new software and hardware to streamline their operations and minimize operational expenditure. To further enhance operations, SMEs are focusing on reducing the printing cost and optimizing resources properly by using MPS. These factors are contributing to significant growth of vendors, which is fueling the development of the global managed print services market. The market is expected to record a CAGR of nearly 5% during 2019-2023.Integration of AI into the print industryVendors are innovating to expand their customer base. With the advent of technologies such as AI and machine learning (ML), vendors are building AI-enabled products. These products have reduced human intervention and increased efficiency. The need to create a sustainable ecosystem has given rise to the establishment of a circular economy, which involves recycling and re-use of products. Moreover, ML combined with AI solution provides network-level behavior analytics and real-time glitch detection, which helps facilitates self-monitoring and self-healing in printing devices by analyzing real-time attack from AI breaches. This trend will augment business opportunities for vendors. Therefore, the trend is expected to have a positive impact on the overall managed print services market growth during the forecast period.
Geographical Regions Includes:
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Detailed TOC of Managed Print Services (MPS) Market Report:
PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: APPENDIX
PART 13: EXPLORE
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