Managed Print Services (MPS) Market by Deployment and Geography - Global Forecast and Analysis 2019-2023

Managed Print Services (MPS) Market by Deployment and Geography - Global Forecast and Analysis 2019-2023

Global Managed Print Services (MPS) Market: About this Market

Managed print services involve the management of all aspects of organizations’ printing devices. Technavio’s 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.

Global Managed Print Services Market: Overview

Increased adoption of MPS by SMEs

Governments 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 industry

Vendors 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.

For the detailed list of factors that will drive the global managed print services market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global managed print services market is concentrated. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of few leading vendors such as Canon Inc., HP Inc., Lexmark International Inc., Ricoh Co. Ltd., and Xerox Corp.

Also, the managed print services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies in strategizing and leveraging on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Key offerings – vendors
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) services market
      • Table Segments of global information technology (IT) services market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by deployment
    • Table Deployment - Market share 2018-2023 (%)
    • Comparison by deployment
      • Table Comparison by deployment
    • Cloud-based - Market size and forecast 2018-2023
      • Table Cloud-based - Market size and forecast 2018-2023 ($ millions)
      • Table Cloud-based - Year-over-year growth 2019-2023 (%)
    • On-premise - Market size and forecast 2018-2023
      • Table On-premise - Market size and forecast 2018-2023 ($ millions)
      • Table On-premise - Year-over-year growth 2019-2023 (%)
    • Hybrid - Market size and forecast 2018-2023
      • Table Hybrid - Market size and forecast 2018-2023 ($ millions)
      • Table Hybrid - Year-over-year growth 2019-2023 (%)
    • Market opportunity by deployment
      • Table Market opportunity by deployment
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Strategic partnerships and acquisitions among market participants
    • Integration of AI into the print industry
    • Managed IoT services
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Canon Inc.
      • Table Canon Inc. - Vendor overview
      • Table Canon Inc. - Business segments
      • Table Canon Inc. - Organizational developments
      • Table Canon Inc. - Geographic focus
      • Table Canon Inc. - Segment focus
      • Table Canon Inc. - Key offerings
    • HP Inc.
      • Table HP Inc. - Vendor overview
      • Table HP Inc. - Business segments
      • Table HP Inc. - Organizational developments
      • Table HP Inc. - Geographic focus
      • Table HP Inc. - Segment focus
      • Table HP Inc. - Key offerings
    • Lexmark International Inc.
      • Table Lexmark International Inc. - Vendor overview
      • Table Lexmark International Inc. - Organizational developments
      • Table Lexmark International Inc. - Key offerings
    • Ricoh Co. Ltd.
      • Table Ricoh Co. Ltd. - Vendor overview
      • Table Ricoh Co. Ltd. - Business segments
      • Table Ricoh Co. Ltd. - Organizational developments
      • Table Ricoh Co. Ltd. - Geographic focus
      • Table Ricoh Co. Ltd. - Segment focus
      • Table Ricoh Co. Ltd. - Key offerings
    • Xerox Corp.
      • Table Xerox Corp. - Vendor overview
      • Table Xerox Corp. - Organizational developments
      • Table Xerox Corp. - Geographic focus
      • Table Xerox Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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