London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global MPS Market 2015-2019, which is expected to grow at a CAGR of 10.1 percent during the forecast period of 2014-2019.
“There has been an increase in pressure on businesses by governments of various countries to reduce their carbon emissions and to meet carbon reduction targets,” says Faisal Ghaus, Vice President of TechNavio.
“A recent development in solid ink technology, which utilizes solid ink sticks instead of fluid ink or toner powder, has attracted many SMEs as this technology has enabled reduction in the TCO and carbon footprints.”
Key Market Drivers
- Increased Need for Document Security
- Increased Need for Mobility
- Significant Cost Reduction
- Increased Expenditure by SMEs
Key Market Trends
- Increased Usage of Eco-friendly Printing Services
- Increased Usage of System Integration Platforms
- High Demand for Cloud-based Offerings
- Increased Usage of Centralized Printers
Key Market Vendors
- Canon Inc.
- Hewlett-Packard Co. (HP)
- Ricoh Co. Ltd.
- Xerox Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
