Managed Print Market CAGR Forecast at 10% from 2012 to 2016

The managed print services market is expect to grow at a compound annual growth rate (CAGR) of 10.75 percent between 2012 and 2016. That’s according to a new report by international market researcher Research and Markets titled Global Managed Print Services (MPS) Market Report that covers the Americas and EMEA and APAC regions.

According to a Research and Markets press release, the report showed that achieving cost reductions is among the main drivers for global MPS market growth. In addition, researchers noted that there is an increasing demand for automated business processes that are flexible and allow companies to rapidly respond to changing business conditions.

The global MPS market also has seen a greater demand for cloud services recently, Research and Markets said. But the lack of transparency of service-level agreements (SLAs) could limit global MPS market growth.

“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 (MSPs). Customers are often clueless about the type of services to include in the SLA. At the same time, MSP[s] are often not consistent and fail to comply with the agreements made in the SLAs,” Research and Markets said in a prepared statement.

Meanwhile, Research and Markets pointed out that “certain peripheral and core factors, such as changing demands and market environment, have put incredible pressure on the infrastructure resources of many organizations.” And as a result, it is becoming more important for these organizations to adopt new technologies.

To respond to the ever-changing technological environment, more firms are adopting MPS and solutions, Research and Markets said. Many enterprises are adopting the cloud-based MPS model as well, a trend that Research and Markets expects to continue.

“There appears to be a decent market for managed cloud services for printing in SMEs (small and medium enterprises) in the near future. Given the advantages of cloud services, many end-users prefer cloud-based solutions,” Research and Markets said.