Technavio has been monitoring the managed print services market and it is poised to grow by USD 7.08 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Managed Print Services Market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ARC Document Solutions Inc., Canon Inc., Exela Technologies Inc., Hewlett Packard Enterprise Co., KYOCERA Corp., Lexmark International Inc., Ricoh Co. Ltd., Sharp Corp., Toshiba Corp., and Xerox Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Source: Businesswire,
https://www.businesswire.com/news/home/20200615005422/en/COVID-19-Impact-and-Recovery-Analysis---Managed-Print-Services-Market-2020-2024-Increasing-Adoption-of-MPS-by-SMEs-to-Boost-Growth-Technavio