Market Highlights
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 managed print services market will garner the worth of approximately 51 BN USD by 2023, registering around 9% CAGR throughout the forecast period (2017 – 2023).
Market Boosters and Key Restraints
The size of the managed print services market is set to expand in the coming years, on account of rising need to bring down the cost of operations and elevate the convenience in providing customized services. Managed print services help gather hindsight for businesses to collect the skillset as well as the expertise needed for curbing the risk, complexity, and cost of the unorganized infrastructure. These services also help gain visibility and control document processes, which saves time, augment productivity, enhances security and sustainability and automates further steps.
Large enterprises and small and medium enterprises (SMEs) are now making extensive use of managed print services. These companies realize the returns on investment (ROI) potential of the technology and are constantly looking for opportunities that can help them elevate business efficiency. They are expected to take advantage of the new era of digital transformation, which is estimated to increase exponentially in the following years.
Rising adoption of big data solutions seems to have a significant effect on the managed print services market. Also, the demand for cloud-based print services is set to surge among large companies, which is deemed to add to the market strength in the following years.
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Segmentation:
The worldwide market for managed print services has been analyzed on the basis of segments like component, deployment, organization size, and end users.
The component segment consists of software, hardware, services, and others. The hardware types are fax, copier, printer, and others.
Deployment-based segments in the market are on-cloud and on-premises.
The organization sizes mentioned in the report are small & medium enterprises and large enterprises. Large enterprises are making use of on-premise models since they aspire to have better control over their data. Hence, the large enterprises segment can achieve the top position in the market in the coming years. SMEs, on the other hand, opt for cloud model services, given their cost benefits as well as flexibility.
The end-users in the market are IT and telecommunications, BFSI, healthcare, government, and others.
Regional Analysis
North America accounts for the leading market for managed print services, globally. Factors propelling the regional market include the presence of major vendors and the wide adoption of these services. Technological advancements transpired into the field have been powering the market growth, availing efficient systems.
Moreover, the increasing demand for cloud-based services is fostering the market growth in this region.
Europe region is also showing the positive sign towards the best-managed services. Technical advancements and increasing demand for multi-functional printers in the region will foster the market growth during the forecast period.
The Asia Pacific market for managed print services has emerged as the fastest growing market and is expected to show the highest growth using these services in the forecast periods. APAC countries like China, Japan, and India have accounted for a considerably fair share in the managed print services market and will be growing rapidly in the years to come.
Leading Companies
The players that are leading the worldwide market for managed print services are Konica Minolta (U.K), HP Development Company, L.P. (U.S.), Lexmark International Corporation (U.S.), Toshiba Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Kyocera Corporation (Japan), Xerox Corporation (U.S.), Konica Minolta, Inc. (Japan), ARC Document Solutions, Inc. (U.S.), HCL Technologies (India), Ricoh Company, Ltd. (Japan), Canon UK Limited (U.K), Sharp Corporation (Japan), Acrodex Inc. (Canada), Wipro LTD (India), Systems Technology, Inc. (U.S.), Seiko Epson Corporation (Japan), to mention a few.
Recent News
September 2019
Flex Technology Group (FTG), a leading managed print services provider, has announced the opening of four new office locations across the United States (U.S). These locations include Texas, California, Dallas, Connecticut, New Haven, Arizona, Chico, and Mess.
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Global Managed Print Services Market Research Report: By Component (Hardware), Deployment (On Cloud), Organizations Size (SMB), End-Users (Telecommunications) - Forecast Till 2023
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Market HighlightsAcknowledging 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 managed print services market will garner the worth of approximately 51 BN USD by 2023, registering around 9% CAGR throughout the forecast period (2017 – 2023).Market Boosters and Key Restraints The size of the managed print services market is set to expand in the coming years, on account of rising need to bring down the cost of operations and elevate the convenience in providing customized services.
Managed print services help gather hindsight for businesses to collect the skillset as well as the expertise needed for curbing the risk, complexity, and cost of the unorganized infrastructure.
These services also help gain visibility and control document processes, which saves time, augment productivity, enhances security and sustainability and automates further steps.Large enterprises and small and medium enterprises (SMEs) are now making extensive use of managed print services.
These companies realize the returns on investment (ROI) potential of the technology and are constantly looking for opportunities that can help them elevate business efficiency.
They are expected to take advantage of the new era of digital transformation, which is estimated to increase exponentially in the following years.Rising adoption of big data solutions seems to have a significant effect on the managed print services market.
Large enterprises are making use of on-premise models since they aspire to have better control over their data.
Deception Technology Market-OverviewThe need for robust security tools and techniques is estimated to drive the deception technology market in 2020.
The technology reports are produced by Market Research Future, which contains market alternatives for progress.
The earnings point of USD 2.3 Billion is projected to be attained at 14% of CAGR by 2022.The expanding nature of advanced persistent threats is estimated to add to the momentum of theDeception Technology Market growth in the future.
The escalation in the use of the Internet of Things (IoT) and, along with it, Bring Your Own Device (BYOD) is likely to enhance the deception technology market size in the coming years.Segmental AnalysisThe segmental investigation of the deception technology market is carried out on the basis of component, deception stack, deployment mode, end-user, and region.
Based on the End-user, the deception technology market comprises of BFSI, Healthcare, retail, transport, government, telecom, and others.
Based on the regions, the deception technology market comprises of North America, Europe, Asia Pacific and the rest of the regions in the world.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2466Detailed Regional AnalysisThe regional examination of the deception technology market encompasses regions such as North America, Europe, Asia Pacific, and the rest of the regions in the world.
Market HighlightsManaged 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.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 managed print services market will garner the worth of approximately 51 BN USD by 2023, registering around 9% CAGR throughout the forecast period (2017 – 2023).The growing adoption of big data solutions is a major driving force behind the growth of the managed print services market.
By End-users: BFSI, IT & Telecommunications, Government, Healthcare, and others.By Regions: Europe, North America, APAC and the Rest-of-the-World.Regional Analysis:North America accounts for the leading market for managed print services, globally.
Technological advancements transpired into the field have been powering the market growth, availing efficient systems.
Moreover, the increasing demand for cloud-based services is fostering the market growth in this region.Europe region is also showing the positive sign towards the best-managed services.
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Global Emergency Department Information System Market: Information by Component (Software, Services and Hardware), Delivery Mode (Software-as-a-Services (SaaS) and On-Premise EDIS), Application (Clinical Functionality, Patient Entry, Tracking and Triage, Department-Centered Tracking, Clinical Documentation, Computer Provider Order Entry (CPOE), Result Reporting and Discharge Management Region & Administrative Functions), End User, (Large Hospitals, Medium-Sized Hospitals and Small Hospitals) - Forecast till 2023Market Synopsis:As per the report published by Market Research Future (MRFR), the global Emergency Department Information System (EDIS) Market is set to thrive exponentially at a CAGR of 15.10% during the forecast period 2017 to 2023.
These systems are designed to enhance the quality of emergency services by taking care of functions such as clinical documentation, patient entry, patient and resource tracking, etc.
It is presumed to gain popularity globally in the foreseeable future owing to the rapid developments in the healthcare sector.Request Free Sample @https://www.marketresearchfuture.com/sample_request/5926One of the key factors responsible for dictating the future trajectory of the global emergency department information system market is the increasing geriatric population.
Elderly people are always at a higher risk of developing diseases, and the increase in their population has necessitated the adoption of technologically advanced systems in the healthcare sector.
In addition, the growing number of hospitals and clinics in the developing regions resonate strong potential for growth in the upcoming years.
Regional Analysis:The global emergency department information system market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.
According to the new market research report “Healthcare BPO Market by Outsourcing Models, Provider (Patient Care, RCM), Payer (Claims Management, Billing & Accounts), Life Science (R, Manufacturing, Sales & Marketing (Analytics, Research)), & Region (Source, Destination) – Global Forecasts to 2026″, published by MarketsandMarkets™, the global market is projected to reach USD 468.5 billion by 2026 from an estimated USD 296.4 billion in 2021, at a CAGR of 9.6%.Browse in-depth TOC on “Healthcare BPO Market”334 – Tables43 – Figures309 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=472Growth in this market is primarily driven by the need to reduce rising healthcare costs and the implementation of the Patient Protection and Affordable Care Act (PPACA) are compelling payers and providers to outsource their business processes to low-cost countries in order to reduce their operational costs.The major source geographies that primarily outsource most of their non-core activities to third parties include North America, Europe, and Rest of the World.The COVID-19 pandemic has had a significant impact on the world’s population and economy.
As a result of the pandemic, healthcare facilities are facing immense pressure to create a well-coordinated environment where all clinical functions are connected internally and where the organization operates in coordination with other healthcare units.
This is compelling healthcare organizations to outsource their non-core functions, including revenue cycle management, claims management, and patient engagement, among other functions, to third parties and focus on their core competencies for better patient outcomes.Revenue cycle management services to register the highest growth in the Healthcare BPO marketBased on type, the market is segmented into revenue cycle management, patient enrollment, and patient care.
The revenue cycle management services segment is expected to account for the largest share of 70.8% of the market in 2021.
The declining trend in reimbursements in the healthcare industry, reductions in overall healthcare costs, initiatives undertaken by governments for implementing revenue cycle management solutions and increasing expenditure by the healthcare IT industry are the key factors driving the growth of the revenue cycle management services market.Manufacturing services to account for the largest segment in the Healthcare BPO marketBased on type, the market is segmented into manufacturing, R, and non-clinical services.
The manufacturing services segment is expected to account for the largest share of 55.6% of the Healthcare BPO Market in 2021.
