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Managed Print Services Market Trends and Forecast 2015 – 2023

Managed print services (MPS) offer dynamic optimization and management of document output devices and printing activities in various business processes. With the use of MPS, organizations can outsource their printing tasks and processes enabling them to focus on their core business processes. Thereby, organizations can achieve higher productivity and efficiency in their business operations by limiting the time and resources required for its printing activities. MPS providers monitor, manage and optimize the entire end-to-end print output environment in an organization MPS service providers carry out up-front assessment and analysis of the existing printing infrastructure to develop a roadmap of the printing processes.

This enables MPS providers to meet the requirements of an organization while limiting the number and types of printing devices. MPS also enables organizations to identify and solve problems associated with printing devices and other printing supplies. MPS providers also manage and maintain advanced printing devices to offer latest printing technologies to their customers. In addition, with the use MPS, organizations are able to streamline their printing activities and prioritize tasks to reduce delays in critical business processes. MPS providers constantly monitor the printing environment and improve on-going processes through automation. Thereby, organizations achieve higher productivity and efficiency as employees do not need to manage and control printing tasks. In addition, MPS reduces usage and wastage of paper and energy which reduces the environmental footprint of an organization.

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One of the major factors driving the growth of MPS market is the significant cost reduction. With increasing volumes of content generated in organizations, there has been a growth in the demand for printing documents. Unorganized printing of individual documents leads to unnecessary wastage of resources including paper, printing inks, electricity and employee’s time. MPS offers a viable solution for reducing costs associated with printing in an organization.

Moreover, organizations are able to leverage the expertise and experience of MPS providers to optimize printing processes. Another factor driving the growth of MPS market is the environment benefits offered by reducing usage of printing inks and electricity. With the use of MPS, organizations are able to significantly reduce its environment footprint caused due to traditional in-house printing processes. Despite its immense benefits, the growth of MPS market faces a few restraints. Information security is one of the major concerns for organizations to deploy MPS solutions. Companies hesitate in sharing private and critical organizational data with the MPS providers for printing.

With increasing need to lower operational costs and rising costs of printing documents, the MPS market has been lucrative in recent years. Numerous MPS providers seek to offer advanced and innovative solutions based on their expertise. Moreover, MPS service providers offer customized solutions depending on client’s requirements regarding the quality, privacy and volume of printing tasks. Leading companies in the MPS market offer cloud-based MPS solutions to increase availability and accessibility of their services.

Some of the key players in this market include Xerox Corporation, Canon, Inc., Ricoh Company, Ltd., ARC Document Solutions, Inc., Kyocera Document Solution, Inc., Pitney Bowes, Inc., Hewlett-Packard Development Company, L.P., Konica Minolta, Inc., Lexmark International, Inc. and Toshiba Corporation.

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