The global managed print services market is competitive. Key manufacturers operating within the managed print services market include: Xerox Corporation, Ricoh Company Ltd., ARC Document Solutions, Inc., Lexmark Corporation, Konica Minolta, Inc., Canon, Inc., KYOCERA Corporation, HP Development, L.P., Toshiba Corporation, and Print Audit. Leading players within this market are focusing on boosting the number of channel partners.
Some of the key factors boosting the growth of the managed print services market include the accurate allocation of costs, minimized IT workload, reduction in printer fleet, lower paper usage, enhanced authentication and security, reduced consumption of electricity, and improved efficiency.
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Managed print services help achieve streamlining of operations within businesses, thus ensuring maximum efficiency. The environmental benefits achieved by the use of managed print services such as reduced wastage of paper and reduced consumption of energy will also create a high demand for managed print services.
The transition to digitized workflow will challenge the growth of the managed print services market. A large number of organizations are looking towards reduction in the use of paper and decreasing their reliance on paper, which is expected to severely crush the growth of the managed print services market.