- Summary
- Table Of Content
- Methodology
Managed Print Services (MPS) Market Size:
Managed Print Services (MPS) Market is estimated to reach over USD 92,285.50 Million by 2032 from a value of USD 49,287.85 Million in 2024 and is projected to grow by USD 52,450.16 Million in 2025, growing at a CAGR of 8.9% from 2025 to 2032.
Managed Print Services (MPS) Market Scope & Overview:
Managed Print Services is a program designed to enable businesses to manage printing operations efficiently by streamlining printing processes, improving document security, and reducing printing costs. Moreover, the key advantages include improved document security, increased cost savings, reduced downtime, and increased productivity among others driving the managed print services (MPS) market growth. Further, the increasing focus on sustainability is driving the managed print services (MPS) market demand.
Managed Print Services (MPS) Market Dynamics - (DRO) :
Key Drivers:
Reducing Carbon Footprint is Boosting Market Growth for Managed Print Services
The managed print services helps in reducing environment impact by evaluating paper usage and adoption of recycled toner cartridge among others ultimately reducing cost and help reduce carbon footprint which drives the managed print services (MPS) market demand. Moreover, the services helps to reduce wastage, avoid capital hardware expenditure, and other is propelling the managed print services (MPS) market growth.
- For instance, according to Statista, the printing & writing papers production have reduced from 92 million tons in 2019 to 71 million tons in 2022 due to increased digitalization.
Therefore, the increasing focus towards reducing the carbon footprint is driving the demand for managed print services, in turn proliferating the growth of the market.
Key Restraints:
Recurring Service Costs is restraining the market growth
The cost of manually maintaining printers and involved tasks in small and medium-sized enterprises is less which hinders the managed print services (MPS) market expansion. Moreover, the adoption of services is dependent on the number of employees and size of office space which in turn hinders the managed print services (MPS) market expansion.
Therefore, the high costs of services for managing printers in enterprises are restraining the market growth.
Future Opportunities :
Subscription-based managed print services are expected to promote potential opportunities for market growth
The subscription model offers flexibility and scalability for a smoother digital transformation driving the managed print services (MPS) market opportunities. Moreover, the key factors driving the adoption of a subscription-based model include higher customer lifetime value, reduced churn, convenience, building relationships, and better budgeting among others propelling the managed print services (MPS) market opportunities.
- For instance, in March 2024, HP Inc. launched new enhanced services and solutions such as managed device services, new managed print services subscriptions, and others.
Hence, the flexibility and scalability are anticipated to increase the utilization of subscription-based models in turn promoting prospects for market growth during the forecast period.
Managed Print Services (MPS) Market Segmental Analysis :
By Channel Type:
Based on the channel type, the market is segmented into printer/copier manufacturers, system integrators/resellers, and independent software vendors (ISVs).
Trends in the Channel Type:
- Increasing focus of system integrators on small and medium enterprises, by creating managed print services (MPS) packages that are affordable and scalable.
- System integrators are also working to ensure that managed print services (MPS) solutions are well integrated with the client's overall IT infrastructure.
Printer/Copier Manufacturers accounted for the largest revenue share in the year 2024.
- Integration of IoT capabilities into printers and copiers allows for predictive maintenance, automated supply replenishment, and real-time monitoring of device performance in turn fueling the managed print services (MPS) market share.
- Manufacturers are increasingly integrating advanced security features into their devices and software, including secure print release, user authentication, and data encryption. This is in response to growing concerns about data breaches and regulatory compliance in turn boosting the managed print services (MPS) market share.
- Thus, the rising adoption of IoT sensors and devices as well as the business leverage benefits of various hardware devices is driving the hardware component of the market.
Independent Software Vendors (ISVs) are anticipated to register the fastest CAGR during the forecast period.
- ISVs are creating specialized software solutions that enhance the functionality of MPS, such as advanced print management tools, document capture software, and workflow automation platforms.
- Further, ISVs are focusing on providing robust analytics and reporting capabilities that give businesses greater visibility into their print usage and costs.
- Therefore, the ability to seamless efficient smart ecosystems is anticipated to boost the market during the forecast period.
By Enterprise Size:
Based on the enterprise size, the market is bifurcated into small and medium enterprise and large enterprise.
Trends in the Enterprise Size:
- The increasing focus towards minimizing unnecessary printing and optimizing paper usage in large enterprises is driving the market trend.
- The trend towards improving printing efficiency and security is driving the adoption of services in large enterprises.
Large Enterprise accounted for the largest revenue share in the year 2024.
- The services cater to printing needs, recommend the right equipment, optimize users' printing processes, and handle ongoing maintenance and toner refills is driving the adoption in large enterprises.
- Moreover, the services help in deciding print strategy to support businesses long-term goals seamlessly which drives the adoption in large enterprises.
- Further, services are designed to meet the demands of large organizations by integrating digital services, software, hardware, and secure equipment.
- Thus, according to the managed print services (MPS) market analysis, services help in deciding print strategy to support businesses long-term goals driving the adoption of large enterprises.
Small and Medium Enterprise is anticipated to register the fastest CAGR during the forecast period.
- The key factors driving the adoption of the market in small and medium enterprises include cost control, time and scalability, and eco-friendly practices among other fuels the managed print services (MPS) market size.
- Moreover, the key benefits include streamlining the user experience, boosting sustainability initiatives, enhancing printer security, optimizing printing costs, tracking print usage, and others driving the managed print services (MPS) market size.
- For instance, in April 2024, ECI Software Solutions announced an advancement in e-automate and Printanista designed to empower small- and medium-sized office equipment dealers for remote monitoring of printer fleets.
- Therefore, according to the managed print services (MPS) market analysis, the aforementioned benefits and factors are anticipated to boost the market during the forecast period.
By Deployment:
Based on the deployment, the market is segmented into cloud, on-premise, and hybrid.
Trends in the Deployment:
- The trend towards adoption of AI into on-premise deployment is driving the market progress.
- The trend towards integrating multi-cloud strategies into managed print services (MPS) is propelling the progress of cloud deployment.
On-premise accounted for the largest revenue share of 53.29% in the year 2024.
- The rising demand for full control over your infrastructure and data is driving the adoption of on-premise deployment of managed print services.
- Moreover, on-premise deployment offers enhanced security as data is present in users workspaces which in turn fuels the segment progress in the managed print services (MPS) industry.
- Further, on-premise deployments are highly customizable ensuring the system fits seamlessly into users existing operations boosting the segment development.
- Thus, as per the market analysis, the enhanced security and customization capability is driving the adoption of on-premise segment progress.
Cloud is anticipated to register the fastest CAGR during the forecast period.
- The key factor driving the adoption of cloud deployment is the scalability of services with the growing business driving the segment progress.
- Further, cloud deployment allowing employees to print documents from any location propelling flexibility in the market is driving the market progress.
- Furthermore, cloud deployment is cost-effective, and maintenance cost is handled by the service provider, which drives the segment adoption.
- For instance, in September 2021, HP Inc. launched managed Print Flex, which is a cloud-based managed print service subscription plan. The launch aims to optimize costs by streamlining management, improving productivity and others to business changing needs.
- Therefore, as per the market analysis, the scalability, flexibility, and cost-effective solution offered by cloud deployment is anticipated to boost the market during the forecast period.
By End-User:
Based on the end-user, the market is segmented into BFSI, education, government, healthcare, IT & telecom, manufacturing, retail, and others.
Trends in the End-User:
- The growing e-commerce business is driving the adoption of services in the retail sector, which in turn is propelling the managed print services (MPS) market trend.
- The increasing focus on paperless documentation initiatives in BFSI and the IT & telecom sector is fueling the managed print services (MPS) market trend.
BFSI accounted for the largest revenue share in the year 2024.
- The ability to streamline document workflows with enhanced data security is driving the adoption of the market in the BFSI sector.
- Further, the digital revolution in the BFSI sector is propelling banks to adopt managed print services (MPS) which in turn is boosting the market development.
- Furthermore, the services improve internal efficiency as well as accelerate service delivery propelling the market development in the BFSI sector.
- For instance, according to IBEF, UPI payment volume in India reached 27,338 in FY 2024 due to support from the government and RBI which in turn drives digitalization in the BFSI sector.
- Thus, as per the market analysis, the digital revolution in the BFSI sector is driving the market progress.
Healthcare is anticipated to register the fastest CAGR during the forecast period.
- The managed print services help in optimizing users print infrastructure by offering cost-efficient machines, maintenance, and software which in turn helps the healthcare sector to focus on the quality of patient care.
- Moreover, the services help to improve patient experience, reduce downtime, and streamline processes among others propelling the market adoption in the healthcare sector.
- Therefore, as per the market analysis, the ability to improve patient experience, reduce downtime, and others are anticipated to boost the market during the forecast period.
Regional Analysis:
The regions covered are North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Asia Pacific region was valued at USD 14,544.09 Million in 2024. Moreover, it is projected to grow by USD 15,520.58 Million in 2025 and reach over USD 28,147.08 Million by 2032. Out of this, China accounted for the maximum revenue share of 35.9%. The market is mainly driven by its deployment in emerging small and medium-sized enterprises. Furthermore, factors including rapid digitalization are projected to drive the market development in the Asia Pacific region during the forecast period. Moreover, the growing healthcare industry is paving the way for market evolution.
- For instance, according to IBEF, the union budget of USD 10.70 billion by the government of India for digital infrastructure development in healthcare services is propelling market progress.
North America is estimated to reach over USD 32,299.92 Million by 2032 from a value of USD 17,337.72 Million in 2024 and is projected to grow by USD 18,442.40 Million in 2025. The region's increasing focus on the adoption of advanced technologies such as cloud computing, IoT, and others is propelling market development. Additionally, the rising focus on data security is driving the market progress. Moreover, businesses are expanding their services across the globe driving the market progress.
- For instance, in January 2022, Novatech acquired ManagedPrint, which is a managed print service provider. The acquisition aims to expand the services offered in South Carolina and nationwide.
The regional evaluation depicts that the stringent rules and regulations as well as the sustainability focus are driving the market in Europe. Additionally, the primary factor driving the market is the growing retail and healthcare industry in the Middle East and African region. Further, the development of modern IT infrastructure is paving the way for the progress of the market in the Latin America region.
Top Key Players & Market Share Insights:
The global managed print services (MPS) market is highly competitive with major players providing managed print services (MPS) to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the managed print services (MPS) industry. Key players in the managed print services (MPS) market include-
- Acrodex Inc. (Canada)
- ARC Document Solutions, Inc. (USA)
- Canon UK Limited (UK)
- Canon, Inc. (Japan)
- Lexmark International, Inc. (USA)
- HCL Technologies (India)
- HP Development Company, L.P. (USA)
- Ingram Micro Inc. (USA)
- Konica Minolta, Inc. (Japan)
- Kyocera Corporation (Japan)
Recent Industry Developments :
Partnerships & Collaborations:
- In March 2022, The University of Massachusetts collaborated with Toshiba America Business Solutions for the deployment of cloud-based managed print services to achieve sustainability goals by reducing paper waste.
Managed Print Services (MPS) Market Report Insights:
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 92,285.50 Million |
| CAGR (2025-2032) | 8.9% |
| By Channel Type |
|
| By Enterprise Size |
|
| By Deployment |
|
| By End-User |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the managed print services (MPS) market? +
The managed print services (MPS) market is estimated to reach over USD 92,285.50 Million by 2032 from a value of USD 49,287.85 Million in 2024 and is projected to grow by USD 52,450.16 Million in 2025, growing at a CAGR of 8.9% from 2025 to 2032.
What specific segmentation details are covered in the managed print services (MPS) report? +
The managed print services (MPS) report includes specific segmentation details for channel type, enterprise size, deployment, end-user, and regions.
Which is the fastest segment anticipated to impact the market growth? +
In the managed print services (MPS) market, healthcare is the fastest-growing segment during the forecast period due to increasing focus on improving patient experience, reducing downtime, and others.
Who are the major players in the managed print services (MPS) market? +
The key participants in the managed print services (MPS) market are Acrodex Inc. (Canada), ARC Document Solutions, Inc. (USA), Canon UK Limited (UK), Canon, Inc. (Japan), HCL Technologies (India), HP Development Company, L.P. (USA), Ingram Micro Inc. (USA), Konica Minolta, Inc. (Japan), Kyocera Corporation (Japan), Lexmark International, Inc. (USA) and others.
What are the key trends in the managed print services (MPS) market? +
The managed print services (MPS) market is being shaped by several key trends including the trend towards integrating multi-cloud strategies into managed print services as well as increasing focus towards minimizing unnecessary printing and optimizing paper usage in large enterprises and others are the key trends driving the market.
