Acknowledging the exponential growth, the market perceives currently and the potential of the market to grow in the future; Market Research Future (MRFR), in its recently published market forecast, asserts that the global [FURL=https://www.marketresearchfuture.com/press-release/managed-print-services-industry/]managed print services market size[/FURL] will garner the worth of approximately 51 BN USD by 2023, registering around 9% CAGR throughout the forecast period (2017 – 2023).

Managed Print Services (MPS) support the companies to gain proper control of the printing, boosting their productivity with cost-effective solutions. These services can reduce the printing office documents cost of up to 40%, improve productivity, and security. Over the past couple of years, the managed print services market has been growing rapidly owing to the increasing demand for cloud computing and software as a service.

The growing adoption of big data solutions is a major driving force behind the growth of the managed print services market. Moreover, the cloud-based print services are boosting the managed print services market growth to a large extent, gaining momentum among large companies. The cloud services along with the latest multi-functional printers for the integration of paper and digital workflows are widely used among organizations.

Owing to the beneficial features of MPS, there is a considerable rise in the adoption of these services across sectors, which increases the market size of managed print services, globally. Increasing uptake of BYOD policies by many organizations is also one of the key drivers propelling the market growth.

Segmentation:

MRFR has segmented its analysis into five key dynamics for enhanced understanding.

By Component: Hardware, Software, Services, and others.

By Deployment: On-Cloud and On-Premises among others.

By Organizations Size: Small & Medium Enterprises, and Large Enterprises.

By End-users: BFSI, IT & Telecommunications, Government, Healthcare, and others.

By Regions: Europe, North America, APAC and the Rest-of-the-World.

Also Read: [FURL]http://www.marketwatch.com/story/artificial-intelligence-in-security-market-size-share-growth-drivers-demand-forecast-business-revenue-investment-opportunities-key-players-and-impact-of-covid-19-2021-01-22 /[/FURL]