Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Type (Cloud Printing, On-Premise Printing, Hybrid Print Solutions), By Application (Document Management, Workflow Optimization, Cost Reduction), By End User (Enterprises, SMEs, Government), By Distribution Channel (Direct Sales, Online Sales, Managed Service Providers) And Competitive Landscape
Product Code: ETC13339819 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 | |
According to 6wresearch internal database and industry insights, the global Managed Print Services (MPS) market has experienced substantial growth in recent years. Valued at approximately USD 30.5 billion in 2024, it is projected to reach USD 50.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast period.
Report Name | Global Managed Print Services Market |
Report Category / Coverage | Global |
Forecast Period | 2025-2031 |
CAGR | 6.4% |
Market Size | USD 50.4 billion by 2031 |
Growing Sector | BFSI |
The Global Managed Print Services Market report thoroughly covers the market by type, Deployment Mode, Organization Size, Industry Vertical and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Managed Print Services (MPS) market encompasses a range of solutions aimed at optimizing and managing an organization’s document output while reducing costs and enhancing operational efficiency. This market integrates advanced technologies such as cloud-based print management and analytics tools to monitor printer usage, reduce waste, and improve workflow automation. Key industry players are focusing on innovative offerings, including secure print services and environmentally friendly solutions, to cater to evolving customer needs.
Global Managed Print Services Market is expected to grow at a significant CAGR of 6.4% during the forecast period 2025-2031. The growth of the global Managed Print Services (MPS) market is driven by several key factors. Increasing demand for cost-efficient business solutions is encouraging organizations to adopt MPS for streamlined printing operations and reduced overhead expenses. The rising emphasis on sustainability and environmental responsibility is pushing businesses to minimize paper usage and adopt eco-friendly printing practices, which MPS providers are actively addressing through innovative solutions. Furthermore, advancements in cloud technology and the integration of IoT in printers have enhanced MPS offerings, promoting better connectivity, real-time monitoring, and secure printing options.
However, the market also faces notable challenges. Data security concerns pose a significant barrier, particularly for businesses handling sensitive or confidential information. Despite the robust security measures offered by MPS providers, the risk of cyber threats remains a pressing concern. Additionally, the high initial costs of implementing MPS solutions and the complexity of transitioning from traditional printing infrastructure can deter small and medium-sized enterprises. Addressing these challenges requires continuous technological advancements and a focus on raising awareness about the long-term benefits of MPS adoption.
The global managed print services (MPS) market is experiencing significant growth, driven by the increasing demand for cost-efficient printing solutions and the rising adoption of cloud-based services. Businesses are prioritizing digital transformation, which has led to the integration of advanced analytics and AI within MPS to optimize print environments and reduce waste. Furthermore, the rising emphasis on sustainable practices and eco-friendly printing solutions has spurred innovation in the industry, with providers introducing energy-efficient devices and recycling programs. These trends highlight the ongoing evolution of the MPS market, catering to dynamic business needs across various sectors.
The managed print services industry offers a range of promising investment opportunities, particularly as businesses transition toward digital workflows. Emerging markets, in particular, present untapped potential as organizations in these regions increasingly seek managed solutions to enhance efficiency and reduce operating costs. Additionally, innovations such as IoT-enabled printing devices and cybersecurity enhancements are attracting investors by addressing modern business challenges. As demand for secure and cost-effective solutions continues to rise, investors have the chance to support growth by funding companies that prioritize technological advancements and cater to the sustainability-conscious market.
The global managed print services market is highly competitive, with key players focusing on innovation, strategic partnerships, and acquisitions to strengthen their positions. Leading companies, including HP Inc., Xerox Corporation, Ricoh Company Ltd., and Canon Inc., continue to drive the market forward through cutting-edge technologies and tailored solutions for businesses of all sizes.
Government regulations play a critical role in shaping the managed print services market. Policies aimed at reducing environmental impact, such as restrictions on excessive paper use and mandates for energy-efficient solutions, have encouraged providers to innovate sustainable and eco-friendly offerings. Data privacy and cybersecurity regulations have also significantly influenced market trends, prompting companies to incorporate robust security measures in their services to meet compliance requirements.
The future of the global managed print services market is poised for significant growth, driven by advancements in artificial intelligence, machine learning, and automation. The integration of AI-powered analytics will enable predictive maintenance and fleet optimization, reducing downtime and improving overall efficiency. Additionally, the rising adoption of smart workspace solutions and the shift toward hybrid work environments are expected to expand market opportunities. Sustainability will remain a key focus, with an increasing emphasis on paperless workflows, recycling programs, and energy-saving technologies. As businesses continue to prioritize security and cost-effectiveness, the managed print services market is expected to flourish, offering innovative solutions that align with evolving customer needs and global sustainability goals.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The BFSI (Banking, Financial Services, and Insurance) industry leads the market among verticals, requiring high levels of document security and compliance. The Government and Healthcare sectors follow closely, prioritizing secure and efficient document management systems.
According to Dhaval, Research Manager, 6Wresearch, North America leads the market due to the early adoption of advanced printing solutions and significant investments in digital transformation. Europe follows closely, driven by stringent environmental policies and the increasing demand for sustainable solutions.
The market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Managed Print Services Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Managed Print Services Market Revenues & Volume, 2021 & 2031F |
3.3 Global Managed Print Services Market - Industry Life Cycle |
3.4 Global Managed Print Services Market - Porter's Five Forces |
3.5 Global Managed Print Services Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Managed Print Services Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Managed Print Services Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Managed Print Services Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Managed Print Services Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Global Managed Print Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Managed Print Services Market Trends |
6 Global Managed Print Services Market, 2021 - 2031 |
6.1 Global Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Managed Print Services Market, Revenues & Volume, By Cloud Printing, 2021 - 2031 |
6.1.3 Global Managed Print Services Market, Revenues & Volume, By On-Premise Printing, 2021 - 2031 |
6.1.4 Global Managed Print Services Market, Revenues & Volume, By Hybrid Print Solutions, 2021 - 2031 |
6.2 Global Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Managed Print Services Market, Revenues & Volume, By Document Management, 2021 - 2031 |
6.2.3 Global Managed Print Services Market, Revenues & Volume, By Workflow Optimization, 2021 - 2031 |
6.2.4 Global Managed Print Services Market, Revenues & Volume, By Cost Reduction, 2021 - 2031 |
6.3 Global Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Managed Print Services Market, Revenues & Volume, By Enterprises, 2021 - 2031 |
6.3.3 Global Managed Print Services Market, Revenues & Volume, By SMEs, 2021 - 2031 |
6.3.4 Global Managed Print Services Market, Revenues & Volume, By Government, 2021 - 2031 |
6.4 Global Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Managed Print Services Market, Revenues & Volume, By Direct Sales, 2021 - 2031 |
6.4.3 Global Managed Print Services Market, Revenues & Volume, By Online Sales, 2021 - 2031 |
6.4.4 Global Managed Print Services Market, Revenues & Volume, By Managed Service Providers, 2021 - 2031 |
7 North America Managed Print Services Market, Overview & Analysis |
7.1 North America Managed Print Services Market Revenues & Volume, 2021 - 2031 |
7.2 North America Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 Latin America (LATAM) Managed Print Services Market, Overview & Analysis |
8.1 Latin America (LATAM) Managed Print Services Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Asia Managed Print Services Market, Overview & Analysis |
9.1 Asia Managed Print Services Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Africa Managed Print Services Market, Overview & Analysis |
10.1 Africa Managed Print Services Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Europe Managed Print Services Market, Overview & Analysis |
11.1 Europe Managed Print Services Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Middle East Managed Print Services Market, Overview & Analysis |
12.1 Middle East Managed Print Services Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Managed Print Services Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Managed Print Services Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Managed Print Services Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Managed Print Services Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Managed Print Services Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Managed Print Services Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Global Managed Print Services Market Key Performance Indicators |
14 Global Managed Print Services Market - Export/Import By Countries Assessment |
15 Global Managed Print Services Market - Opportunity Assessment |
15.1 Global Managed Print Services Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Managed Print Services Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Managed Print Services Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Managed Print Services Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Managed Print Services Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
16 Global Managed Print Services Market - Competitive Landscape |
16.1 Global Managed Print Services Market Revenue Share, By Companies, 2024 |
16.2 Global Managed Print Services Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |