The Managed Print Services (MPS) market continues to make great strides and grow in this tough economy, according to the 2011 MPS Market Size, Share and Forecast Study from Doc's friends over at the Photizo Group. With a 27 percent year-on-year growth in 2010 revenue, the MPS market indicates a 20 percent CAGR (2010-15) and is forecasted to top $78 billion in 2015. Latin America and Asia Pacific continue to be the fastest growing regions with India, Brazil, China, South Korea and Mexico topping the list of fastest growing countries. "The MPS growth premise that the tough economic climate is one of the main drivers continues to hold true. Companies are forced into more effective cost measures, while simultaneously increasing productivity and efficiency. MPS closes this value gap," said Ed Crowley, Photizo CEO and founder.
On a global scale, the 2011 MPS Market Size, Share and Forecast Study indicated a balance of SMB channel-to-direct market proportion due to a surge of enterprise demand in North America. Demand in the SMB continues to grow with the strongest relative (to direct/OEMs) growth in Asia Pacific, Latin America and EMEA.
"Across the board, we continue to see a strong shift from hardware to services and solutions on the global scale." Said Keng Keng Tan, vice president of research, consulting and info services for Photizo Group. "Revenue per device and revenue from services, supplies and solutions are steadily increasing."
Data from the 2011 MPS Market Size, Share and Forecast Study predicts the average revenue per device will surge after 2013 due to more efficient deployment and service revenues growth. Photizo expects nearly half of printing revenue to be under MPS contract by 2014.
For more information, check it out here.