Pune, India, April 08, 2019 -- /360iResearch/ -- The report "Global Managed Print Services Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 29.54 billion in 2017 and is projected to reach USD 58.37 billion by 2024, growing at a CAGR of 10.22% from 2017 to 2024.
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The major forces driving the growth of the managed print services market include the stringent regulations to save paper wastage and decreasing cost of operation and match custom requirements. Moreover, helps in gaining predictability related to printing needs and reduces the number of local printers replace the inefficient devices, automate the supply delivery, and reduced energy consumption and enabling and managing remote printing operation are also some of the factors that are driving the market growth. However certain factors such as the limited proficiency and value of managed print services may hinder the market growth. In the middle of difficulty lies opportunity such as the automated ordering to the printer, and use of cloud computing and analytics to enhance the service delivery. The possible challenges for the market growth are related technical issues, and privacy and security issues. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on channel, the global managed print services market is studied across Independent Software Vendors, Printer/Copier Manufacturers, and System Integrators/Resellers. Based on industry, the global managed print services market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global managed print services market is studied across On Cloud, and On-Premises. Based on geography, the global managed print services market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the managed print services market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are ARC Document Solutions, Inc., Canon, Inc., HP Development Company, L.P., Ingram Micro Inc., Konica Minolta, Inc., Kyocera Corporation, Lexmark International, Inc., Pitney Bowes, Print Audit, Ricoh Company, Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, Toshiba Corporation, Wipro Limited, and Xerox Corporation.
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