Managed Print Services Market Synopsis

Managed Print Services Market Size Was Valued at USD 48.5 Billion in 2023, and is Projected to Reach USD 129.2 Billion by 2032, Growing at a CAGR of 11.5% From 2024-2032.

Managed Print Services (MPS) can be explained as the services that OS can provide to effective for an organisation’s printing and document output. Generally, MPS encompasses the evaluation of print assets, their improvement and subsequent following of printers, copiers, and even MFDs. These services hold objectives of specifically managing systemic print processes, controlling expenses, and increasing efficiency through centralization, the tracking of print jobs, managing of supply inventory, and the maintenance of information security for confidential documents. MPS providers resort to such beneficial tools as analytics, cloud solutions, providing MPS consumers with insights and trends, as well as with proactive maintenance and improvement of print solutions tailored to business goals and green strategies.

• The enterprise has see a good market for Managed Print Services (MPS) because companies have realized the need for improvement of their printing environment as well as costs savings. MPS providers provide services in the total handling of an organization’s print requirements by managing its printers, copiers, and multifunction devices for efficient utilization and maintenance. This service generally comprises meter tracking for print volumes, supplies ordering, and other aspects that centered on data security and protection.
• The driving force is the necessity of using the cloud-based solutions of MPS that provide the necessary scale and versatility. Also, increase in sustainability and environmental consciousness has made organizations seek MPS provider services to control spending on print and conserve resources by minimizing waste and energy use. Meanwhile, as the technology advances, MPS providers began using the analysis and artificial intelligence to provide the predictive maintenance and improve the results of their clients’ operations. In summary, the MPS market will continue to experience growth as business organizations in different industries around the world carry out the digital transformation process.

Managed Print Services Market Trend Analysis

Increasing integration of Artificial Intelligence (AI) and machine learning capabilities

• Though, there are many trends seen in the MPS market where AI and machine learning capabilities are incorporated in the market place. MPS providers are already using AI while trying to improve the print management operations like predictive maintenance, or diagnostics. Having collected past data and current statistic data which the printers and copiers feed back to the AI algorithms, any potential problem to the functioning of the devices is foreseen and solved, hence increasing the functioning efficiency. Also, with the aid of AI, usage trends are determined, cost-saving solutions suggested and security of printed documents staged up in organisations. This development is a clear indication of the fact that organisations are now looking at print management strategies that are ahead of time in order to fulfill the current corporate goals of optimality and value for money besides environmentally friendly policies.

Integration of cybersecurity services within MPS offerings

• A new business opportunity that seems to be waiting to be seized in the context of the MPS market consists in bundling cybersecurity services with MPS solutions. Thus, as more and more companies set their focus on the digital flows of processing information, it is essential to ensure proper protection of print and document information. Currently, MPS providers possess a unique window of opportunity to integrate and develop new services that will encompass print environments’ cybersecurity needs.
• This opportunity includes incorporating secure features that include, data encryption, secure authentication, and even the monitoring of print jobs using security incident detection mechanisms. Moreover, providing consultation services in cybersecurity and compliance audits of print infrastructure is beneficial for the proper legal expectations’ meeting.

Managed Print Services Market Segment Analysis:

Managed Print Services Market Segmented on the basis of Deployment Mode, Channel Type and Industry Vertical.

By Deployment Mode, On-Premises segment is expected to dominate the market during the forecast period

• Within the MPS market, the On-Premises deployment mode is expected to remain dominant during the predicted timeframe. The key factors contributing to this segment’s market dominance include large enterprises and government agencies’ desires to keep control of the print environment behind their organizational premises. On-Premises solutions are more flexible for organizations providing MPS configurations to better correlate with the organization’s security and compliance policies.
•  However, some industries like healthcare and finance which require high level of control on the data that they input to the print system prefer On-Premises MPS. Also, while more and more organizations adopt cloud-based MPS solutions since it’s cheaper and has capabilities to increase its capacity as the company evolves, On-Premises solutions are preferred by a lot of enterprises to gain more control, security, and compatibility with other IT systems. Hence, the On-Premises is likely to continue dominating the market to fulfil various organizational requirements across industries in the forecast period.

By Channel Type, Printer/Copier Manufacturers segment expected to held the largest share

• The same has been anticipated in case of the MPS market, owing to which the Printer/Copier Manufacturers segment appears to be set to emerge as the market leader based on the channel type. This segment consists of the most prominent manufacturers of printers, copiers, and multifunctional devices that have expanded their portfolios with MPS solutions. These manufacturers deploy their deep understanding of print technology and network to offer bundled MPS solutions most favorable for business entities.
•  Most of the companies that supply hardware products also offer MPS services to their clients, which entail the management, maintenance, and even supply of consumables and optimization of the process of printing. These are on account of their positioned brand image, international operations and great loyalty base they have with their customers. Since businesses targeting to obtain efficient and scalable MPS from reputable suppliers, printer and copier manufacturers are likely to continue dominating the MPS channel segment.

Managed Print Services Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• Asia pacific is expected to pose a strong threat to North America in the MPS market during the forecast period. There are several reasons for such leadership: the region’s highly developed technological platform, the high level of utilization of digital solutions by companies, and stringent demands from the legislation that pushes for optimal document management. Besides, enterprises in North America are tending to attach importance to cost cutting measures and operational efficiency enhancement, which perfectly match with the MPS providers’ offerings. The laboratory environment of major MPS vendors and continuous investments in cloud-based MPS solutions also contribute to the growth of this market in this region. While companies are striving to maximize their digital transition and pursue cost-efficient workflow and effective MPS solutions, North America stays ahead thanks to its rather saturated market and active usage of new MPS advancements.

Active Key Players in the Managed Print Services Market

• ARC Document Solutions, Inc. (USA)
• Brother Industries, Ltd. (Japan)
• Canon Inc. (Japan)
• Epson America, Inc. (USA)
• Fuji Xerox Co., Ltd. (Japan)
• HP Inc. (USA)
• Konica Minolta, Inc. (Japan)
• Kyocera Document Solutions Inc. (Japan)
• Lexmark International, Inc. (USA)
• OKI Electric Industry Co., Ltd. (Japan)
• Ricoh Company, Ltd. (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Sharp Corporation (Japan)
• Toshiba Corporation (Japan)
• Xerox Corporation (USA),Other key Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Managed Print Services Market by Type
 4.1 Managed Print Services Market Snapshot and Growth Engine
 4.2 Managed Print Services Market Overview
 4.3 Gelatin Capsules
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Gelatin Capsules: Geographic Segmentation Analysis
 4.4 Hypromellose Capsules
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Hypromellose Capsules: Geographic Segmentation Analysis

Chapter 5: Managed Print Services Market by Application
 5.1 Managed Print Services Market Snapshot and Growth Engine
 5.2 Managed Print Services Market Overview
 5.3 Health Supplements
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Health Supplements: Geographic Segmentation Analysis
 5.4 Pharmaceutical
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Pharmaceutical: Geographic Segmentation Analysis
 5.5 Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Others: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Managed Print Services Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 ARC DOCUMENT SOLUTIONS INC (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 BROTHER INDUSTRIES LTD (JAPAN)
 6.4 CANON INC (JAPAN)
 6.5 EPSON AMERICA INC (USA)
 6.6 FUJI XEROX CO LTD (JAPAN)
 6.7 HP INC (USA)
 6.8 KONICA MINOLTA INC (JAPAN)
 6.9 KYOCERA DOCUMENT SOLUTIONS INC (JAPAN)
 6.10 LEXMARK INTERNATIONAL INC (USA)
 6.11 OKI ELECTRIC INDUSTRY CO LTD (JAPAN)
 6.12 RICOH COMPANY LTD (JAPAN)
 6.13 SAMSUNG ELECTRONICS CO LTD (SOUTH KOREA)
 6.14 SHARP CORPORATION (JAPAN)
 6.15 TOSHIBA CORPORATION (JAPAN)
 6.16 XEROX CORPORATION (USA)

Chapter 7: Global Managed Print Services Market By Region
 7.1 Overview
 7.2. North America Managed Print Services Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 Gelatin Capsules
   7.2.4.2 Hypromellose Capsules
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Health Supplements
   7.2.5.2 Pharmaceutical
   7.2.5.3 Others
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Managed Print Services Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 Gelatin Capsules
   7.3.4.2 Hypromellose Capsules
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Health Supplements
   7.3.5.2 Pharmaceutical
   7.3.5.3 Others
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Managed Print Services Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 Gelatin Capsules
   7.4.4.2 Hypromellose Capsules
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Health Supplements
   7.4.5.2 Pharmaceutical
   7.4.5.3 Others
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Managed Print Services Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 Gelatin Capsules
   7.5.4.2 Hypromellose Capsules
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Health Supplements
   7.5.5.2 Pharmaceutical
   7.5.5.3 Others
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Managed Print Services Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 Gelatin Capsules
   7.6.4.2 Hypromellose Capsules
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Health Supplements
   7.6.5.2 Pharmaceutical
   7.6.5.3 Others
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Managed Print Services Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 Gelatin Capsules
   7.7.4.2 Hypromellose Capsules
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Health Supplements
   7.7.5.2 Pharmaceutical
   7.7.5.3 Others
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research