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ALBANY, N.Y. , June 30, 2022 /PRNewswire/ -- Analysis of recent managed print services statistics underscores the growing trend of industry investments in managed print services (MPS) market, especially for printing solutions in managing business document workflow. The demand for managed print services has been steadily growing among home and office users, mainly for cost-efficiency and better security. The market is projected to advance at CAGR of 9.3% during the forecast period of 2021–2031.
The growing use of cloud-based managed print services in hybrid workforces is increasingly driven by the increasing trend of bring your own devices ( BYOD) in multiple industries. Best managed print services in 2022 have been able to capture customer interests by offering customization and constant value addition, including businesses of all size and home users. They are advancing document security capabilities.
As organizations globally are geared toward complying with the General Data Protection Regulation (GDPR) guidelines, service providers in the managed print services (MPS) market are anticipating enormous profitable avenues to capitalize on. Security and privacy concerns of digital content are thus expected to be key driving forces for generating new revenue streams in the near future.
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Key Findings of Managed Print Services (MPS) Market Study
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Managed Print Services (MPS) Market: Key Drivers
Managed Print Services (MPS) Market: Regional Growth Dynamics
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Managed Print Services (MPS) Market: Key Players
Key players are garnering strategic benefits by entering into collaborations and partnerships. Numerous providers in the managed print services (MPS) market aim at expanding their market shares by leveraging capabilities of a vast distribution channels around the world. Top 10 managed print services companies include Toshiba, Xerox Corporation, Lexmark Corporation, and Hewlett-Packard (HP).
Managed Print Services (MPS) Market Segmentation
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