Managed Print Services Market Dynamics and Top Players | Industry Analysis | Future Prospects up to 2028
Managed print service market size was valued at 39.36 billion in 2020, and it is expected to reach 70.37 billion by 2027 with a CAGR of 8.5% during the projected period.
Managed print service (MPS) is a solution designed to handle the company's all printing devices. It is provided by a third party to optimize or manage a company's document output. Moreover, the program helps keep track of the toner and other supplies and automatically places the order for the new shipments.
A requirements assessment is commonly the first step in the MPS process. The following step is a partial or complete replacement of existing hardware, such as printers, fax machines, scanners, photocopiers, and multifunction (MFP) devices. Managed print service might also prepare reports for overall usage, problems, and user experience.
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Top Key Players Profiled in this report are:
· Xerox Holdings Corporation
· Canon Managed Print Services
· HP Development Company
· Lexmark International Corporation