Global MPS Market to Reach 50 Billion by 2025

Did you know... The global managed print services (MPS) market is expected to reach USD 49.7 billion by 2025? That's according to a report done by Grand View Research from earlier this year.

The report found that cloud-based deployment is expected to hold the largest share of the MPS market over the forecast period as it offers companies the ability to remotely access documents and data on the cloud. Meanwhile, hybrid deployment is expected to be the fastest-growing mode of deployment over the next several years.

Several other key findings to note found during the research include:

  • The global MPS market accounted for USD 26.72 billion in 2016. It is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2017 to 2025.
  • Large enterprises segment emerged as the largest segment in 2016. It is estimated to generate revenue over USD 34.43 billion by 2025.
  • The market hybrid deployment mode is anticipated to witness the highest growth of a CAGR of 7.1% over the forecast period.
  • The North America market hold the largest share in the MPS market in 2016. The growing startups, heavy demand for MPS and favorable government regulations drive the North America MPS.
  • Key players include Xerox Corporation, HP, Lexmark, Canon and Ricoh. They accounted for the majority share of the overall market in 2016.
Article Type: 
Blog