The overall goal of this service is to cut down the company's print expenditure and unnecessary waste. Advantages of managed print services are flexibility, increasing productivity, sustainability, and cost saving that help in increasing demand for managed print services. global managed print services market is increasing awareness about environmental benefits of adopting MPS. This helps in reducing the need of dedicated printing hardware and it also reduce volume of digital waste.
The Global Managed Print Services Market is estimated to be valued at US$ 55.59 Bn in 2022 and is expected to exhibit a CAGR of 13.6% over the forecast period (2022-2030).
Major Players in the Managed Print Services Industry:
1. Xerox Corporation
Xerox Corporation was founded in 1906 and its headquarter in Norwalk, Connecticut, United States.The company operates in 160 countries. Midwich and Xerox collaborated in January 2018 to provide enhanced cloud-based MPS solutions to medium and large-scale businesses
2. HPE IT Services,
HPE IT Services, was launch in 1987. And its headquarter - Houston United States. It operate over 170 country
3. Lexmark International, Inc.
Lexmark International, Inc. was launch in 1991 and it’s headquarter located in Lexington, Kentucky, United States.it operate over 170 country .In2020 xmark, a global imaging and IoT solutions leader, today announced it has been named a leader in Managed Print Services .
4. Canon, Inc
Canon, Inc was launch in 1937 and it’s headquarter located in Ota City, Tokyo, Japan.it operate over 200+ country In 2019 Canon is the latest printing vendor to buy its way into the Australian IT channel, purchasing a majority stake in Australian managed
5. Samsung
Samsung founded in 1969, with its headquarters in Suwon-si, South Korea. .With businesses in over 74 countries.
6. Toshiba
Toshiba was launch 1875 and its headquarter Minato City, Tokyo, Japan . it operate over 165 country.
7. ARC Document solutions.
ARC Document solutions. Founded in 1988, with its headquarters in Walnut Creek, California, United States. .With businesses in over 6 countries.
*Definition- Managed print services (MPS) is an outsourcing service, where the company provides service to takes full responsibility for managing a company's print environment.
