Managed Print Services Market – Competitive Landscape and Regional Analysis by 2016-2024

The ****** managed print services market is competitive. Key manufacturers operating within the managed print services market include: Xerox Corporation, Ricoh Company Ltd., ARC Document Solutions, Inc., Lexmark Corporation, Konica Minolta, Inc., Canon, Inc., KYOCERA Corporation, HP Development, L.P., Toshiba Corporation, and Print Audit.

On the basis of geography, it is estimated that North America will remain dominant regional segment in the managed print services market.

The awareness level among small and medium scale enterprises as well as large scale enterprises in North America regarding the benefits of using managed print services is the key reason behind the higher level of adoption rate in this region, making it the most lucrative market. Strong presence of key players within the managed print services market as well as the presence of leading printer and copier manufacturers will also fuel the growth of the North American MPS market.

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In addition to North America it is also estimated that Latin American and Asia Pacific will emerge as promising markets for MPS on account of the rapid development of economy as well as widespread industrialization.

Some of the key factors boosting the growth of the managed print services market include the accurate allocation of costs, minimized IT workload, reduction in printer fleet, lower paper usage, enhanced authentication and security, reduced consumption of electricity, and improved efficiency.