At present, many companies are looking to MPS (Managed Print Services) to reduce operational expenditures through the management of employees’ printing activities and optimizing printing workflow, due to recent economic sluggishness.
A recent report of research company, Transparency Market Research, anticipates the revenue of MPS will steadily grow from $26.18 billion in 2015 to $94.97 billion in 2024; while the vertical is expected to surge with a CAGR (Compound Annual Growth Rate) of 14.8% from 2016 to 2024.
Growing environmental friendliness is also a factor that enterprises weigh in considering to adopt MPS, because it can both significantly reduce the paper waste and enables those businesses to use power efficiently.
After SMEs (Small and Medium Enterprises) notice the mounting efficiency merits of MPS, they probably will drive its growth in the vertical. Channel partners and System Integrators will also be open to the unprecedented growth as cloud based deployments create new opportunities.
The report stated, “SMEs sector, lead MPS vendors have turned to channel partners in order to expand their customer base by targeting untapped opportunities. Furthermore, cloud-based deployment was the largest segment of the MPS market in 2015 and is likely to dominate over the forecast period.”
Nowadays enterprises such as Ricoh, Konica Minolta, Xerox, Toshiba, Canon etc. are taking hold of the MPS market in order to add more channel partners for earning a larger market share of MPS.
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