Managed Print Services Market Analysis

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

Frequently Asked Questions (FAQ)

Growing use of big data solutions and the need to efficiently manage large volumes of data are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Recurring expenditure and doubts in efficiency and effectiveness of new technological solutions are estimated to hamper market growth.

The market in Asia Pacific region will provide ample growth opportunities owing to the increase in automation and evolved technological requirements of enterprises in the region.

The major players dominating the global managed print and document services market are Xerox Corporation, HP Development Company, L.P., Ricoh Company, Ltd., and Konica Minolta, Inc. among others.

Managed Print Services Market Analysis