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Managed Print Services Market Continues to Demonstrate Strong Growth Worldwide

Despite tough economic conditions, the managed print market grew 27 percent in 2010

 
 
Global Market Size Heat Map, Photizo Group
Global Market Size Heat Map, Photizo Group
PRLog - Nov. 15, 2011 - MIDWAY, Ky. -- Midway, KY – November 15, 2011 – The managed print services (MPS) market continues to make great strides and grow in this tough economy, according to the 2011 MPS Market Size, Share and Forecast Study from Photizo Group, the leading research and transformation firm for the MPS market. With a 27 percent year-on-year growth in 2010 revenue, the MPS market indicates a 20 percent CAGR (2010-15) and is forecasted to top $78 billion in 2015. Latin America and Asia Pacific continue to be the fastest growing regions with India, Brazil, China, South Korea and Mexico topping the list of fastest growing countries.

“The MPS growth premise that the tough economic climate is one of the main drivers continues to hold true. Companies are forced into more effective cost measures, while simultaneously increasing productivity and efficiency. MPS closes this value gap,” said Ed Crowley, Photizo CEO and founder.

The competition for global MPS market share continued to be close with Xerox/Fuji Xerox ahead of HP by only 1 percent. Both organizations increased their global share. Xerox/Fuji Xerox led market share in Asia Pacific and Latin America, while the struggle to maintain market share in the EMEA intensified. HP maintained the lead market share position in North America. Ricoh, Canon and Lexmark respectively rounded out the third, fourth and fifth positions for global market share.

On a global scale, the 2011 MPS Market Size, Share and Forecast Study  indicated a balance of SMB channel-to-direct market proportion due to a surge of enterprise demand in North America. Demand in the SMB continues to grow with the strongest relative (to direct/OEMs) growth in Asia Pacific, Latin America and EMEA.

“Across the board, we continue to see a strong shift from hardware to services and solutions on the global scale.” Said Keng Keng Tan, vice president of research, consulting and info services for Photizo Group. “Revenue per device and revenue from services, supplies and solutions are steadily increasing.”

Data from the 2011 MPS Market Size, Share and Forecast Study predicts the average revenue per device will surge after 2013 due to more efficient deployment and service revenues growth. Photizo expects nearly half of printing revenue to be under MPS contract by 2014.

In-depth Look at Vendor Dynamics and Competition
Photizo’s 2011 MPS Market Size, Share and Forecast Study chronicles original equipment manufacturer (OEM) vendor market share by revenue and by devices under contract. The study uses an encompassing ground-up market sizing methodology providing a 360-degree view of the industry. The study includes:

•   Pivot Tables: One of the most comprehensive features of the analysis the pivot tables allow users to analyze revenue by country, vendor and MPS type at the same time and at a very granular level

•   MPS Heat Maps: A new addition, Photizo's MPS Heat Maps provide an at a glance comparison of regional markets in terms of size and market maturity

To learn more about the 2011 MPS Market Size, Share and Forecast join one of Photizo’s upcoming Webinars:

Thursday, Nov. 17, 2011 9:00 PM EST (Japan - Friday, Nov. 18, 2011 11:00 AM JST)
http://marketing.photizogroup.com/acton/form/1167/0028:d-...

Friday, Nov. 18, 2011 11:00 AM EST  (London - Friday, Nov. 18, 2011 4:00 PM GMT)
http://marketing.photizogroup.com/acton/form/1167/0029:d-...

The wide-ranging study provides a global forecast, as well as forecasts for North America, Europe, Latin America and Asia Pacific. OEMs, MPS software companies and channel companies can use the information to enrich their business strategies and market response. Most importantly, this study is based upon over 100 different sources of information, including the Photizo Group’s global MPS Decision Maker Tracking Study™, MPS channel research, and in-depth research and analysis into the MPS market. The 2011 MPS Market Size, Share and Forecast Study is included in the MPS Market Metrics Advisory Service™. In addition to the study, this service includes inquiry hours, briefings and periodic reports and market flashes, providing clients with a comprehensive view of the emerging managed print market at a country, regional and global level.

For more information visit http://www.photizogroup.com/research/research/market-metr...


Media contact:
Misty Hamel Gonzalez
1-859-846-9830 ext. 109
mgonzalez@photizogroup.com

About Photizo Group
A leading transformation firm, Photizo Group assists clients in transforming to a services-led business model. Utilizing industry research, market intelligence, education and media, Photizo helps organizations to understand and build a successful services business. They have been the market’s main source for ongoing business intelligence about the rapidly growing opportunity of managed print services (MPS). The firm also offers proprietary studies and custom consulting. Vendors, dealers and enterprises can find more information about the evolving markets and resources at www.photizogroup.com.

“Photizo”, “Partner Transformation”, “Success Framework”, “POWRR Assessment”, “MPS Insights PRO” are trademarks of the Photizo Group. All other trademarks are the property of their respective owners.

# # #

Photizo Group is the leading research and transformation firm for the imaging industry. Specializing in managed print services, Photizo is uniquely positioned at the center of vendor, channel and end-user communities.

Photo:
http://www.prlog.org/11724521/1

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Contact Email:
***@photizogroup.com Email Verified
Source:Photizo Group, Inc.
Phone:+1 859 846 9830
Zip:40347
City/Town:Midway - Kentucky - United States
Industry:Technology, Research, Manufacturing
Tags:managed print services, manage print, mps, hewlett packard, xerox, canon, ricoh, manage print services, imaging market
Shortcut:prlog.org/11724521
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