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Managed Print Services Market | Industry Analysis and Market Forecast to 2023 | MarketsandMarkets

Managed Print Services Market Research Report - Exclusive Research Report on Managed Print Services Market. Identify the New Revenue Sources in Managed Print Services Industry and Win the competition.

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Managed Print Services Market | Industry Analysis and Market Forecast to 2023 | MarketsandMarkets

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  1. Managed Print Services Market Worth 50.78 Billion USD by 2023 The report "Managed Print Services Market by Deployment Mode (On Premise, Cloud based, and Hybrid), Channel Type (Printer/Copier Manufacturers, System Integrators/Resellers, and ISVs), Application, Organization Size, and Geography - Global Forecast to 2023", publisged by MarketsandMarkets™ , the market was valued at USD 28.40 Billion in 2016 and is expected to reach USD 50.78 Billion by 2023, at a CAGR of 8.51% between 2016 and 2023. The reduced cost of operation and flexibility to match custom requirements, rising complex technological solutions, and increasing dependency on heterogeneous networks, steep increase in the adoption of big data solutions, organizational initiatives to reduce paper wastage, and competent technical support by MPS providers are some of the significant drivers for the growth of this market. Cloud-based deployment to hold a major share of the managed print services market during the forecast period Cloud-based deployment is expected to hold the largest share of this market between 2017 and 2023. The deployment modes include on-premise, cloud-based, and hybrid deployment. Cloud-based deployment has the largest share of the overall market owing to its extensive benefits in managed print services (MPS). MPS is replacing the traditional IT model to manage increasing requirements, and businesses are looking toward MPS for cost efficiency and effective benefits. Cloud-based deployment holds the maximum market share as it offers businesses to remotely access their documents and data on the cloud. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=620 The large enterprises are expected to hold the largest share of managed print services market Large enterprises are expected to hold the largest share of the managed print services market between 2017 and 2023. Large enterprises mainly focus on managing their operations and processes rather than being diverted by any threat, attack, malware, or spams, and any other such vulnerabilities. Due to this reason, the demand for MPS is more in such organizations and is increasing day by day. BFSI applications of MPS held the largest share of the managed print services market in 2016 MPS has been growing in industry applications such as BFSI, government, and healthcare. BFSI applications held the largest market share of the MPS market worldwide. BFSI involves heavy dependency on paperwork for record- keeping. The MPS market is expected to get more market share because of security requirements for sensitive data in the BFSI industry. These applications use MPS to optimize the efficiency of resources and operational practices in use. North America held the largest share of the managed print services market in 2016 North America held the largest share of managed print services market in 2016. The North American market has many rising startups and favorable compliance and government regulations. The enterprises in this region have a rapid growth rate and a heavy demand for managed print services. Because of favorable government regulations, European companies are also investing in the North American market. Some of the major players in the managed print services market are Xerox Corporation (US), HP Development Company, L.P. (US), Ricoh Company, Ltd. (Japan), and Lexmark International, Inc. (US). About MarketsandMarkets™

  2. MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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