There are many participants in the global printing management service market and the competition is fierce. Its main participants are taking various strategic initiatives, such as increasing partnerships, mergers and acquisitions, as well as developing new products and applying advanced technology in a two-pronged manner. At present, the main participants in the market are Allied International, Hewlett-Packard, Fujitsu, Konica Minolta, Canon, Ricoh, Kyocera, Xerox and Toshiba.
According to a study released by Transparency Market Research, the global print management service market is expected to reach $59.53 billion by the end of 2026, nearly double the $307 in 2016. During the forecast period from 2018 to 2026, the market is expected to expand at an annual compound growth rate (CAGR) of 8.6%.
Depending on the deployment, cloud services account for the largest share of the global print management services market in 2017. In the forecast period, based on the high demand for cloud services, the segment market will continue to dominate. Geographically, the North American market had a larger regional share in 2018, because most health and government departments in the United States used print hosting services. On the other hand, due to the increase of US investment and strategic acquisitions in the region, the Asia-Pacific region may face opportunities for profit growth.
Considering environmental protection and energy consumption, the demand for print management services has increased dramatically worldwide, which is also a major reason for its market value growth.