By ajinkya@tmrresearch.com – The global 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. Leading players within this market are focusing on boosting the number of channel partners, states Transparency Market Research (TMR) in its latest report on global managed print services market. Leading players are also focusing on expanding their markets across geographies so as to increase their market shares and also gain an edge among other players. Players within the market are also focusing on delivering cost-effective, flexible, and innovative offerings.

According to the report, the global managed print services market is anticipated to expand at 14.8% CAGR from 2016 to 2024 and reach an evaluation of US$94.97 bn by 2024. On the basis of size, the global managed print services market will be led by large enterprises. Managed print services are used extensively for managing complex IT infrastructure in large enterprises, thereby boosting the growth of the segment. Small and medium scale enterprises are also expected to up their use of managed print services on account of the growing awareness regarding the advantages of these services. By deployment, it is estimated that cloud-based managed print services segment will witness an increased popularity among end users. On the basis of end users, it is estimated that the government and public sector will emerge as the leading consumer for managed print services as this sector has massive volume of paperwork. Read more: