US Managed Print Services Market Size By Deployment Mode(Cloud Based, Hybrid and on-Premises), By Channel Type(Printer/copier Manufacturer, System Integrator/ Resellers, Independent software Vendors), By Industry Vertical(BFSI, Healthcare, education, Industrial Manufacturing) & Forecast

US Managed Print Services Market Size And Forecast

US Managed Print Services Market size was valued at USD 9304.17 Million in 2020 and is projected to reach USD 15919.49 Million by 2028, growing at a CAGR of 7.57% from 2021 to 2028.

The regulations and stringency in framework for protection of environment from E-waste are major factors which support the adoption of Print Services. The U.S. regulatory scenario and significant reduction in E-Waste generation through MPS is expected to drive the market during the forecast period. The US report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What are Managed Print Services?

Think of Managed Print Service (MPS) as your company's printing superhero! It's a service offered by print experts who handle everything related to your printers, scanners, faxes, and copiers. Imagine optimizing all those devices to not only save money but also cut down on paper waste and boost efficiency. MPS is becoming a big deal across many industries, and things like Big Data and the Internet of Things (IoT) are really shaking things up. In the US, customers are demanding more, pushing MPS providers to come up with even better and more affordable solutions. MPS is all about helping you reach your business goals by making things smoother and ensuring your data collection and storage are top-notch. What's in it for you? Well, you can expect to print less, accurately track printing costs, slim down your printer fleet, free up your IT team, use less paper, ramp up security, lower your electricity bill, and generally become more efficient. Of course, there's a challengeeveryone's moving towards a more digital, paperless world. This can be a hurdle for MPS, but even though companies are trying to use less paper, printing is still important for a lot of things, so experts believe it will continue to have a role to play.

US Managed Print Services Market Overview

Big data is becoming super popular, and that's really helping the market grow! With all these digital technologies and better networking, the Big Data market is predicted to do great things. This whole scene actually impacts the Managed Print Service market in a big way. See, as tech gets more complicated, we need pros to manage and keep it running smoothly. Managed print services are getting more love, and Big Data is like a sidekick, making everything more efficient and flexible. As Big Data gets even cooler, the Managed Print Services market should see some major benefits. Plus, more people are using On Cloud storage, which is another reason why industries are grabbing onto big data. And get this – using MPS can even cut down on E-waste! Stricter rules for protecting the environment from E-waste are also pushing people to adopt Print Services. In the U.S., regulations and the fact that MPS helps reduce E-waste are expected to boost the market. Basically, connecting these systems with services from managed printing service providers gives them a chance to really get into the industrial market and thrive!

Existence of identity crises for MPS market hampers the market growth. Intense competition for MPS providers is also a major factor which pushes these enterprises to expand their versatility with respect to their role in a business or end user sector. The current scenario suggests complexity in cost management and acts as a restraint for MPS market which can hinder its growth during the forecast period.

US Managed Print Services MarketSegmentation Analysis

The US Managed Print Services Market is segmented on the basis of Deployment Mode, channel Type and Industry vertical.

US Managed Print Services Market by Deployment Mode

• Cloud Based
• Hybrid
• On-Premises

To Get Summarized Market Report By Deployment mode-

When we look at how Managed Print Services are rolled out in the US, we see three main waysCloud Based, Hybrid, and on-Premises. In 2020, Cloud Based was the most popular, and it's expected to keep growing. Why? Well, cloud-based setups let businesses get to their info and documents from anywhere. Basically, you save your stuff on the cloud, and you can get to it remotely. Thanks to the increasing popularity of cloud computing, it's become the fastest growing area in managed print services these days.

US Managed Print Services Market by Channel Type

• Printer/copier Manufacturer
• System Integrator/ Resellers
• Independent software Vendors

To Get Summarized Market Report By Channel Type-

Okay, so when we look at how Managed Print Services are sold in the US, we can break it down by Channel TypeYou've got the folks who actually make the printers and copiers, then the System Integrators and Resellers who put everything together, and finally the Independent Software Vendors. Right now, the Printer/Copier Manufacturers are leading the pack – they grabbed the biggest slice of the pie back in 2020, and are expected to keep growing at a steady clip of 7.29% annually. Why? Because it's often cheaper and more efficient to go straight to the source! Plus, with so many new businesses popping up that are watching every penny, these services are a lifesaver. And let's not forget education – schools and colleges need reliable printing, so that’s another boost for the market because it is convenient and affordable for students.

US Managed Print Services Market by Industry Vertical

• BFSI
• Healthcare
• Education
• Industrial Manufacturing
• Telecommunication & IT
• Others

On the basis of Industry Vertical, the US Managed Print Services Market is classified into BFSI, Healthcare, education, Industrial Manufacturing, Telecommunication & IT and Others. BFSI accounted for the largest market share of 33.59% in 2020, with a market value of USD 3,124.88 Million and is projected to grow during the forecast period.

Key Players

The “US Managed Print Services Market” study report will provide a valuable insight with an emphasis on the US market including some of the major players such as  HP Inc, Toshiba Corporation, Sharp Corporation, RICOH COMPANY, LTD., Kyocera Corporation, Kinica Minolta Inc, Xerox Corporation and Others.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig into the market using both number-crunching (quantitative) and more in-depth (qualitative) approaches, looking at economic and other factors to break down the market into segments. For each of these segments and sub-segments, we'll give you the market value in USD Billion. We'll also point out which region and segment we think will grow the fastest and be the biggest. Our analysis highlights how much of the product/service each region consumes, and what's driving the market in each area. We'll map out the competitive landscape, showing you the major players and their rankings, plus any recent service/product launches, partnerships, expansions, or acquisitions over the last five years. You'll also get detailed company profiles, including company overviews, insights, product benchmarking, and SWOT analysis for the top players. We'll give you our take on where the market is now and where it's headed, considering recent developments like growth opportunities, drivers, challenges, and restraints in both new and established regions. Plus, we offer an in-depth look at the market through Porter's five forces analysis, and insight into the Value Chain. We'll explore the market's dynamics and the growth opportunities in the coming years. And don't forget, you get 6-month post sales analyst support!

Customization of the Report

In case of any please connect with our sales team, who will ensure that your requirements are met.