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FELTON, Calif., Feb. 9, 2021 /PRNewswire/ The global managed print services (MPS) market size is anticipated to value USD 53.13 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The increasing need for maintaining documentation and the need for adoption of such services for monitoring of printing procedure is expected to augment the market growth.
The printer manufacturer segment held the largest share across the global market in 2019 on account of increasing demand for these services by the key printers and copier manufacturers. The channel segment of the system integrator is expected to register the highest CAGR owing to its enhanced offerings like a wide variety of solutions and managed IT-related services.