(MENAFN- GlobeNewsWire - Nasdaq) Expanding Digital and Cloud Integration Present Emerging investment Opportunities, Especially with the Rising Trend of Remote WorkingDublin, Nov. 29, 2024 (GLOBE NEWSWIRE) -- The "Managed Print Services market by Channel, Deployment, industry - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Managed Print Services Market grew from USD 46.08 billion in 2023 to USD 52.11 billion in 2024. It is expected to continue growing at a CAGR of 13.17%, reaching USD 109.60 billion by 2030.
Key growth factors for the MPS market include increasing demand for cloud-based services, the need for stringent information security, and initiatives to curb excessive paper usage. Emerging opportunities can be found in expanding digital and cloud integration, especially with the rising trend of remote working, which necessitates improved connectivity and accessibility to print infrastructure.
However, challenges such as data breaches, high initial costs, and the technical complexity of integrating MPS with legacy systems could hamper market growth.
Innovations in MPS include predictive analytics for maintenance, AI-driven document management, and eco-friendly printing technologies, presenting vast opportunities for research and development. Investing in AI and machine learning can significantly enhance printer fleet management, automating supply orders and predicting maintenance needs.
Recommendations for businesses include focusing on personalized solutions that cater to specific organizational needs and embracing sustainable practices to meet environmental goals, aligning with global sustainability trends.
The market is inherently dynamic, characterized by rapid tech advancements and evolving consumer needs, suggesting a proactive approach to harness technological advancements and maintain competitive advantages. Businesses should continually explore collaborative innovations with tech developers to address pressing security issues and expand cloud capabilities. Engaging in strategic partnerships can also fortify market positioning and expand service offerings.
Key Company Profiles
The report delves into recent significant developments in the Managed Print Services Market, highlighting leading vendors and their innovative profiles. These include ARC Document Solutions, LLC, Canon, Inc., HP Development Company, L.P., Ingram Micro Inc., Konica Minolta, Inc., Kyocera Corporation, Lexmark International, Inc., Midshire Business Systems Ltd., Pitney Bowes Inc., Ricoh Company, Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, Toshiba Corporation, Wipro Limited, and Xerox Corporation.
Market Segmentation & Coverage
This research report categorizes the Managed Print Services Market to forecast the revenues and analyze trends in each of the following sub-markets:
Channel Independent Software Vendors Printer/Copier Manufacturers System Integrators/Resellers
Deployment Industry Aerospace & Defense Automotive & Transportation Banking, Financial Services & Insurance Building, Construction & Real Estate Consumer Goods & Retail Education Energy & Utilities Government & Public Sector Healthcare & Life Sciences Information Technology Manufacturing Media & Entertainment Telecommunication Travel & Hospitality
Region Americas Argentina Brazil Canada Mexico United States California Florida Illinois New York Ohio Pennsylvania Texas
Asia-Pacific Australia China India Indonesia Japan Malaysia Philippines Singapore South Korea Taiwan Thailand Vietnam
Europe, Middle East & Africa Denmark Egypt Finland France Germany Israel Italy Netherlands Nigeria Norway Poland Qatar Russia Saudi Arabia South Africa Spain Sweden Switzerland Turkey United Arab Emirates United Kingdom
The report provides a detailed overview of the market, exploring several key areas:
Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market. Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development. Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape. Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players. Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future. Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
What is the current size of the market, and how is it expected to grow? Which products, segments, and regions present the most attractive investment opportunities? What are the prevailing technology trends and regulatory factors influencing the market? How do top vendors rank regarding market share and competitive positioning? What revenue sources and strategic opportunities guide vendors' market entry or exit decisions? Key Attributes
| Report Attribute | Details |
| No. of Pages | 191 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $52.11 Billion |
| Forecasted Market Value (USD) by 2030 | $109.6 Billion |
| Compound Annual Growth Rate | 13.1% |
| Regions Covered | Global |
Managed Print Services Market Dynamics Summarized
Market Drivers Growing need to decrease cost of operation and match custom requirements Replacement of the inefficient devices and automation of the supply delivery, and reduced energy consumption Enabling and managing remote printing operation
Market Restraints Limited proficiency and value of managed print services
Market Opportunities Automated ordering to the printer Use of cloud computing and analytics to enhance the service delivery
Market Challenges Technical issues associated with managed print services
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Managed Print Services Market
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