Managed Print Services Market Share

APAC Market Statistics

Geographically, the managed print services market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is set to hold largest revenue share by 2036, 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.

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 Share