Product Code: ETC211961 | Publication Date: May 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Philippines managed print services (MPS) market has been witnessing steady growth, driven by the increasing adoption of cost-efficient and sustainable printing solutions by businesses of all sizes. Managed print services involve outsourcing print management to specialized providers, which helps organizations optimize their printing infrastructure, reduce costs, and improve productivity. According to industry reports, the MPS market in the Philippines reached a value of approximately $100 million in recent years, and it is expected to grow at a CAGR of 7%. The market`s positive outlook is also attributed to the rising awareness of environmental sustainability and the need for efficient document management in the corporate sector.
The managed print services market in the Philippines is driven by several key factors that influence its trajectory. Firstly, the need for cost optimization in business operations is a significant driver. Managed print services offer businesses the opportunity to reduce printing-related expenses, including maintenance, supplies, and energy costs. This cost-effective approach appeals to companies seeking operational efficiency. Secondly, the increasing focus on sustainability and environmental responsibility is pushing organizations to adopt greener practices. Managed print services providers often emphasize paper and energy reduction strategies, aligning with the eco-conscious initiatives of many businesses. This emphasis on sustainability resonates well with companies looking to minimize their carbon footprint. Furthermore, the complexity of modern printing infrastructures necessitates specialized management. With the integration of multifunction devices, networked printers, and digital workflows, businesses require expert assistance to optimize their print environment. Managed print services offer comprehensive solutions to streamline printing processes, enhancing productivity and freeing up internal resources.
Philippines managed print services market is not without its challenges. One notable challenge is the need to adapt to rapidly evolving technology trends. The shift towards digitalization and paperless workflows requires managed print service providers to constantly update their offerings and stay ahead of emerging technologies. Moreover, ensuring data security and compliance with regulations in an increasingly digitized landscape is critical. Addressing concerns related to data breaches and unauthorized access to sensitive documents is essential for building and maintaining trust with clients. Additionally, navigating the competitive landscape and effectively communicating the value proposition of managed print services amidst cost-conscious business environments presents an ongoing challenge.
The managed print services (MPS) market in the Philippines underwent significant changes in the context of the COVID-19 pandemic. With remote work becoming the norm and businesses implementing flexible work arrangements, the demand for MPS shifted. While the adoption of digital workflows increased, the need for physical documents and printing decreased, affecting the traditional MPS market. Many organizations embraced paperless practices and relied on digital communication tools, impacting print volumes. However, the role of MPS evolved to encompass document digitization, secure printing for remote workers, and optimized print infrastructure for hybrid environments. As companies focused on cost-saving measures, MPS providers adapted by offering customized solutions that aligned with changing needs. The pandemic accelerated the trend towards managed document services that encompass both physical and digital document management, emphasizing security, accessibility, and sustainability.
Xerox Corporation, HP Inc., Canon Inc., Konica Minolta, Ricoh Company, Epson, Toshiba Tec Corporation, Lexmark International, and Sharp Electronics.
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 Philippines Managed Print Services Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Managed Print Services Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Managed Print Services Market - Industry Life Cycle |
3.4 Philippines Managed Print Services Market - Porter's Five Forces |
3.5 Philippines Managed Print Services Market Revenues & Volume Share, By By Type, 2020 & 2030F |
3.6 Philippines Managed Print Services Market Revenues & Volume Share, By By Deployment Mode, 2020 & 2030F |
3.7 Philippines Managed Print Services Market Revenues & Volume Share, By By Organization Size, 2020 & 2030F |
3.8 Philippines Managed Print Services Market Revenues & Volume Share, By By Industry Vertical, 2020 & 2030F |
4 Philippines Managed Print Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Managed Print Services Market Trends |
6 Philippines Managed Print Services Market, By Types |
6.1 Philippines Managed Print Services Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Managed Print Services Market Revenues & Volume, By By Type, 2020-2030F |
6.1.3 Philippines Managed Print Services Market Revenues & Volume, By Print Management, 2020-2030F |
6.1.4 Philippines Managed Print Services Market Revenues & Volume, By Device Management, 2020-2030F |
6.1.5 Philippines Managed Print Services Market Revenues & Volume, By Discovery and Design, 2020-2030F |
6.1.6 Philippines Managed Print Services Market Revenues & Volume, By Document Imaging, 2020-2030F |
6.2 Philippines Managed Print Services Market, By By Deployment Mode |
6.2.1 Overview and Analysis |
6.2.2 Philippines Managed Print Services Market Revenues & Volume, By Hybrid Cloud, 2020-2030F |
6.2.3 Philippines Managed Print Services Market Revenues & Volume, By On-Premise, 2020-2030F |
6.3 Philippines Managed Print Services Market, By By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Philippines Managed Print Services Market Revenues & Volume, By Large Enterprises, 2020-2030F |
6.3.3 Philippines Managed Print Services Market Revenues & Volume, By Medium Enterprises, 2020-2030F |
6.3.4 Philippines Managed Print Services Market Revenues & Volume, By Small Enterprises, 2020-2030F |
6.4 Philippines Managed Print Services Market, By By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Philippines Managed Print Services Market Revenues & Volume, By BFSI, 2020-2030F |
6.4.3 Philippines Managed Print Services Market Revenues & Volume, By Government, 2020-2030F |
6.4.4 Philippines Managed Print Services Market Revenues & Volume, By Healthcare, 2020-2030F |
6.4.5 Philippines Managed Print Services Market Revenues & Volume, By Education, 2020-2030F |
6.4.6 Philippines Managed Print Services Market Revenues & Volume, By Industrial Manufacturing, 2020-2030F |
6.4.7 Philippines Managed Print Services Market Revenues & Volume, By Retail, 2020-2030F |
6.4.8 Philippines Managed Print Services Market Revenues & Volume, By Others, 2020-2030F |
6.4.9 Philippines Managed Print Services Market Revenues & Volume, By Others, 2020-2030F |
7 Philippines Managed Print Services Market Import-Export Trade Statistics |
7.1 Philippines Managed Print Services Market Export to Major Countries |
7.2 Philippines Managed Print Services Market Imports from Major Countries |
8 Philippines Managed Print Services Market Key Performance Indicators |
9 Philippines Managed Print Services Market - Opportunity Assessment |
9.1 Philippines Managed Print Services Market Opportunity Assessment, By By Type, 2020 & 2030F |
9.2 Philippines Managed Print Services Market Opportunity Assessment, By By Deployment Mode, 2020 & 2030F |
9.3 Philippines Managed Print Services Market Opportunity Assessment, By By Organization Size, 2020 & 2030F |
9.4 Philippines Managed Print Services Market Opportunity Assessment, By By Industry Vertical, 2020 & 2030F |
10 Philippines Managed Print Services Market - Competitive Landscape |
10.1 Philippines Managed Print Services Market Revenue Share, By Companies, 2023 |
10.2 Philippines Managed Print Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |