The Future of MPS: Trends and Predictions for the Next Decade

Finley Robinson

The Future of MPS: Trends and Predictions for the Next Decade

The Managed Print Services (MPS) market is set to grow significantly in the coming years. Recent studies show that in 2022, the market was already a leader, with a value of USD million. By 2028, it’s expected to skyrocket, reaching an impressive USD million. This growth points to a promising future, with a forecast CAGR that tells of an industry on the rise.

What exactly are Managed Print Services? They’re services offered by outside experts to improve how a business handles its printed documents. These include figuring out a company’s needs, replacing old equipment, and making sure they have everything necessary to run smoothly.

The MPS market study goes deep into what’s happening now, the trends to look out for, and who’s in the lead. It also looks at different market segments by type, what they’re used for, and the locations they cover. All this info helps give a clear picture of how the market works.

The report doesn’t just stop at what’s happening today. It looks ahead, pointing out what will drive growth. And, it doesn’t ignore the big impacts of COVID-19 on the industry. This info helps shape predictions for the next ten years.

Key Players in the Managed Print Services (MPS) Market

The Managed Print Services (MPS) market is full of big names. Several companies lead the way. They offer many solutions to manage printing efficiently. Here are some standout names in the MPS field:

  1. Kyocera Corporation: Kyocera provides global document solutions and office tools. Their MPS solutions streamline printing, making it easy and cost-effective for businesses.
  2. Toshiba Corporation: Toshiba is an innovator in technology. They offer print services to help businesses print smarter, boosting productivity and keeping documents safe.
  3. ARC Document Solutions, Inc.: ARC focuses on document management services. Their MPS solutions help companies print better, lessening waste and improving how documents flow.
  4. HP Development Company, L.P.: HP is a top name in printing and imaging. Their MPS solutions help manage every aspect of printing, making businesses more efficient and saving money.
  5. Xerox Corporation: Xerox’s MPS solutions are all about making printing better. They offer everything from managing your print fleet to keeping your documents secure.
  6. Sharp Corporation: Sharp is known for smart document solutions. Their MPS services cut costs, increase security, and compliance.
  7. Samsung Electronics Co. Ltd.: Samsung focuses on tech solutions. Their MPS services maximize printing efficiency, cut down on waste, and keep documents secure.
  8. Konica Minolta, Inc.: Konica Minolta helps businesses print smarter and more efficiently. They optimize printing setups, enhance document flow, and support ongoing maintenance.
  9. Ricoh Company, Ltd.: Ricoh leads in document management worldwide. They offer a vast array of MPS services from optimizing print fleets to securing documents.
  10. Lexmark International Corporation: Lexmark’s MPS services make managing printing easier. They reduce costs and make documents more secure, with support for your print fleet.
  11. Canon: Canon focuses on imaging and printing. Their MPS services cut costs, boost efficiency, and improve security through smart print management.

These companies are the top players in the MPS market. Their strong offerings and presence are key to the MPS market’s growth and development.

Market Segmentation and Regional Analysis

The Managed Print Services (MPS) market is divided into categories based on type and application. It includes On-Premise, Cloud-Based, and Hybrid solutions. These types give businesses options to fit their needs and systems.

MPS is used in many sectors. For example, it helps in BFSI, Telecom and IT, Health Care, Education, and more. This shows that companies in different fields can use it to manage printing better and become more efficient.

The market report specifies sales and revenue for each part, which gives insight into what makes the market grow. This information helps companies decide the best way to approach their MPS plans and spending.

The MPS market is also looked at by region. This includes North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Each area has its unique aspects affecting how MPS is taken up. The report looks at market share and growth rates in each place. It helps companies make smart moves to succeed in their own local markets.

Finley Robinson