30 Mar 2020

IDC Predicts 8.2% Growth for Asia/Pacific* Basic and Managed Print Services Through 2023

SINGAPORE, March 31, 2020 – According to IDC's Market Analysis Perspective, Basic Print Services (BPS) and Managed Print Services (MPS) are poised to continue growing at a combined rate of 8.2% through to 2023 across Asia Pacific excluding Japan (APEJ). IDC predicts this growth despite BPS and MPS being highly mature in key regions such as North America and Western Europe and APEJ countries of varying levels of digital technology adoption; positioning APEJ as a vital region for technology vendors looking for growth opportunities.

"Despite the maturity of contractual print services in North America and Western Europe, APEJ still presents growth opportunities for BPS and MPS. Countries within the region are at differing levels of digital maturity and vendors should capitalize on this by offering a differentiated strategy for each region that address business needs for every stage of digital development," says Kenneth Tham, Senior Market Analyst for Imaging, Print and Document Solutions at IDC Asia/Pacific.

For more information on complete Market Analysis Perspective document BPS & MPS Readiness & Adoption (APEJ, IPDS, 2020), please contact Kenneth Tham at ktham@idc.com. For media inquiries, please contact Tessa Rago at trago@idc.com or Alvin Afuang at aafuang@idc.com.

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About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.

Coverage

Regions Covered

Asia Pacific


Topics Covered

Print services, Printers