TechNavio recognizes the following companies as the key players in the Global Managed Print Services (MPS) Market: Xerox Corp., Hewlett-Packard Co., Ricoh Co. Ltd., and Canon Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Currently, the acceptance of the cloud-based MPS model is increasing at a tremendous pace and is expected to continue during the forecast period. There appears to be a decent market for managed cloud services for printing in SMEs in the near future. Given the advantages of cloud services, many end-users prefer cloud-based solutions. Further, with advantages such as reduced costs and ease of installation and operations, SMEs identify cloud services as more useful than other traditional-based service offerings. Thus, with the increasing demand and popularity of cloud-based offerings, many vendors in the MPS market are offering cloud-based services.”
According to the report, one of the main drivers is the significant reduction in cost. Currently, there is an increasing demand for automated business processes that permit flexibility in response to changing business conditions. Certain peripheral and core factors, such as changing demands and market environment, have put incredible pressure on the infrastructure resources of many organizations. Hence, it is important for these organizations to keep adopting newer technologies. To respond to this constantly changing technological environment, several firms are increasingly adopting MPS and solutions.
Further, the report states that one of the key challenges in the market is the lack of transparency of SLAs. SLAs are extremely important to customers as well as managed service providers. Customers are often clueless about the type of services to include in the SLA. At the same time, MSP providers are often not consistent and fail to comply with the agreements made in the SLAs
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-managed-print-services-mps-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Managed Print Services (MPS) Market 2012-2016
