TECH SUPPLIER Mar 2019 - Market Forecast - Doc # US44096618
Worldwide and U.S. Managed Print and Document Services and Basic Print Services Forecast Update, 2018–2022
This IDC study covers the worldwide, U.S., Western Europe, Asia/Pacific (excluding Japan), and ROW managed print and document services (MPDS) and basic print services (BPS) markets. Worldwide, these represent an addressable market of $38.4 billion for 2017. The combined worldwide MPDS and BPS market is projected to grow to $49.9 billion in 2022 at a compound annual growth rate (CAGR) of 5.4%.
"Managed print and document services represent a sizable and growing opportunity for hardcopy vendors," says Robert Palmer, research vice president, IDC's Imaging, Printing, and Document Solutions. "Demand for print is changing, and businesses of all sizes continue to struggle with issues related to mobility, security, and digital transformation. Advancements in the managed print services ecosystem through technology and cloud enablement are helping bring the value of outsourced print and document services to the broader market."
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