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Managed Print Services Market Size & Share, by Deployment Mode Type (On-Premise, Cloud-Based, Hybrid); End-User (BFSI, Government, Telecom & IT, Industrial Manufacturing, Retail, Education and Others) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2986
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Managed Print Services Market size was valued at USD 52.94 billion in 2024 and is set to exceed USD 164.25 billion by 2037, expanding at over 9.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of managed print services is evaluated at USD 57.03 billion.

The increasing use of big data solutions, along with the need to efficiently manage large volumes of data are expected to fuel the progress of managed print services market. The growth of the market can also be attributed to factors such as the increasing adoption of cloud computing and analytics on a global level. It is projected that more than 72% of the global enterprises will shift to cloud storage from on-premise data centers, by 2022

Managed Print Services Market Overview
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Growth Drivers

  • Growing Use of Big Data Solutions
  • Need to Efficiently Manage Large Volumes of Data

Challenges

  • Recurring Expenditure
  • Lack of Clarity in Efficiency and Effectiveness of New Technological Solutions

Managed Print Services Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

9.1%

Base Year Market Size (2024)

USD 52.94 billion

Forecast Year Market Size (2037)

USD 164.25 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Managed Print Services Segmentation

The managed print services market is segmented on the basis of deployment mode type into on-premise, cloud-based, and hybrid, out of which, the hybrid segment is anticipated to grab the largest share by the end of 2021 on account of rise in demand for hybrid cloud services due to its benefits such as reduced cost and enhancement in business workflows. Moreover, hybrid segment improves business security and increases control, which is also projected to contribute to the growth of the segment during the forecast period.

On the basis of end-user, the BFSI segment in the global managed print services market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that BFSI segment, which is deeply reliant on record-keeping to function and leads to high investment cost in resources, is benefitted by use of technology and automation to streamline the complete printing process. 

 Our in-depth analysis of the global market includes the following segments

By Deployment Mode Type
  • On-Premise
  • Cloud-Based
  • Hybrid

By Application
  • BFSI
  • Government
  • Telecom & IT
  • Industrial Manufacturing
  • Retail
  • Education
  • Others 
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Managed Print Services Industry - Regional Synopsis

APAC Market Statistics

Asia Pacific industry is predicted to hold largest revenue share by 2037, owing to increase in automation and evolved technological requirements of enterprises in the region., owing to increase in automation and evolved technological requirements of enterprises in the region.

North America Market Analysis

Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the growing demand for cloud-based services, accompanied by the presence of leading technology providers in the region. Along with this, North America also leads in terms of favorable regulatory policies, which is also expected to contribute to the market growth in the region.

Europe Market Analysis

Alternatively, the market in Europe is also anticipated to occupy a significant share in the managed print services market on account of technological advancement and surge in demand for multi-functional printers in the region. The European Commission, in 2020, had put forward a European Data Strategy whose aim is to support the European Union to become the most attractive, most safe, and most dynamic data-agile economy globally.

Managed Print Services Market Share
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Companies Dominating the Managed Print Services Landscape

    • Xerox Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ARC Document Solutions, Inc.
    • Ricoh Company, Ltd.
    • Konica Minolta, Inc.
    • Canon, Inc.
    • Lexmark International, Inc.
    • Kyocera Corporation
    • Samsung Electronics Co. Ltd.
    • Toshiba Corporation
  • Report ID: 2986
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of managed print services is evaluated at USD 57.03 billion.

Managed Print Services Market size was valued at USD 52.94 billion in 2024 and is set to exceed USD 164.25 billion by 2037, expanding at over 9.1% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is predicted to hold largest revenue share by 2037, owing to increase in automation and evolved technological requirements of enterprises in the region.

The major players in the market are Xerox Corporation, HP Development Company, L.P., Ricoh Company, Ltd., and Konica Minolta, Inc., among others.

Managed Print Services Market Report Scope

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