Managed Print Services Statistics


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Managed Print Services Statistics 2023: Facts about Managed Print Services outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Managed Print Services, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Managed Print Services Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Managed Print Services Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Managed Print Services Statistics on this page 🙂

Managed Print Services “Latest” Statistics

  • Studies suggest, according to the Cartridge World USA, that efficient managed print services may save corporate expenditures by 20-30% while also possibly enhancing document security and an office’s environmental impact.[1]
  • Since the onset of the pandemic, 50% of respondents said that workplace print volumes had decreased, according to Quocirca.[2]
  • Only 42% of businesses utilizing a mixed strategy offered printers for remote employees, compared to 56% of businesses with totally outsourced MPS.[2]
  • 77% of organizations indicate that paper is fairly or very important to their business, though this has dropped from 87% in 2019.[2]
  • MPS spend growth is decreasing, yet 53% of respondents anticipate increasing MPS spending in 2022.[2]
  • Organizations continue to see MPS as a crucial part of their digitization efforts, with 37% responding that MPS is very essential to their organization’s digital transformation.[2]
  • The US continues to have the highest expectations for MPS spending, with 73% anticipating a rise, a decrease from 84% in 2019.[2]
  • While 52% said they bought their home printers through their MPS provider, 44% said they bought them online, and 10% said they bought them from a B2B online retailer like Amazon Business.[2]
  • According to IDC, 23% of help desk calls are printer.[3]
  • According to Gartner, a company’s entire print expenses, including hardware upkeep, consumables, and support, account between 1% to 3% of its overall revenue.[3]
  • The Gartner Group has found that many companies can potentially reduce their printing expenditures by anywhere from 10% to 30%.[3]
  • Average savings per color device was estimated at $48 per month with Southern Solutions Print Management Solution.[3]
  • The cost of printing accounts for 1 to 3% of a company’s entire income and significantly raises operational expenses.[3]
  • 7.5% of documents cannot be located in the document storage, and 3% of all documents are lost in files.[3]
  • The Gartner group has noted a possible rise in savings of up to 30% if businesses focus on reducing their financial waste and use print management solutions.[3]
  • Every year, the quantity of paper needed for printing increases by 21%. By neglecting printing expenses, 30% of possible savings are lost.[3]
  • The average IT department spends 15% of its time responding to printing related issues including, but not limited to, user assistance, software compatibility and network connectivity.[3]
  • 40% of printing expenditures are simply ignored by businesses, and two thirds of these businesses never keep track of these costs.[3]
  • The revenue in the US printing industry was expected to decrease by 14.4% in 2020, due to the COVID-19.[3]
  • The size of the world market for managed print services was estimated at $27,500 million in 2017 and is anticipated to increase to $59,709 million by 2025, rising at a CAGR of 10.3% from 2018 to 2025.[4]
  • According to Allied Market Research, businesses can save approximately $1 billion by reducing their paper waste by only 1%, thus many organizations are looking for methods to do so.[4]
  • Danwood Group Limited discovered that 94% of the 1,000 office employees it polled had at least one risky printing practice.[5]
  • 63% of organizations questioned by Quocirca, a research company, admitted to having one or more print.[5]
  • Managed print is responsible for a 10 to 15% reduction in wasted output, meaning 10 to 15% less you have to pay in any “per page” print agreement.[6]
  • The Gartner Group has discovered that many businesses may be able to cut their printing costs by 10% to 30%.[7]
  • Between 2017 and 2023, the managed print services market is anticipated to develop at a CAGR of 8.5%, from $28.40 billion in 2016 to $50.78 billion.[8]
  • PowerMPS has the ability to manage printing devices from 99% of all manufacturer’s wide range of products: multifunctionals, copiers, printers (laser, ink, thermal, 3D, Ticketing, duplicators, plotters), and many more.[9]

Also Read

How Useful is Managed Print Services

One of the most significant advantages of managed print services is their ability to increase efficiency and reduce costs. By outsourcing the management of their printing needs to a third-party provider, businesses can free up valuable time and resources that would have otherwise been spent on troubleshooting printer issues, ordering supplies, and organizing maintenance. This allows employees to focus on more critical tasks, ultimately boosting productivity and driving overall business success.

Furthermore, managed print services can help companies save money by optimizing their printing infrastructure and reducing unnecessary printing. With services such as print analytics and print monitoring, businesses can track their printing behavior and implement strategies to minimize waste. By identifying and eliminating inefficient printing practices, companies can cut down on unnecessary expenses and improve their bottom line.

In addition to cost savings and efficiency improvements, managed print services can also enhance security and compliance within a business. With the rise of cyber threats and data breaches, it is crucial for companies to protect sensitive information, especially when it comes to printed documents. Managed print services can help businesses implement secure printing practices, such as user authentication and encryption, to safeguard confidential data and ensure compliance with industry regulations.

Moreover, managed print services can provide businesses with access to the latest technology and equipment, without the hefty upfront costs of purchasing and maintaining printers and copiers. By partnering with a managed print services provider, companies can benefit from cutting-edge technology, automatic software updates, and regular maintenance, ensuring that their printing infrastructure remains up-to-date and operational at all times.

Another key advantage of managed print services is their environmental impact. With the increasing emphasis on sustainability and corporate social responsibility, businesses are looking for ways to reduce their carbon footprint and minimize waste. Managed print services can help companies achieve these goals by implementing environmentally friendly practices, such as duplex printing, paperless workflows, and recycling programs. By reducing paper waste and energy consumption, businesses can not only decrease their environmental impact but also enhance their reputation as a socially responsible organization.

Overall, the usefulness of managed print services cannot be overstated. From cost savings and efficiency improvements to security enhancements and environmental benefits, managed print services offer a wide range of advantages for businesses looking to streamline their printing operations. By leveraging the expertise and resources of a managed print services provider, companies can optimize their printing infrastructure, boost productivity, and achieve significant business outcomes.

Reference


  1. cartridgeworldusa – https://cartridgeworldusa.com/blog/what-is-managed-print-services/
  2. quocirca – https://quocirca.com/content/quocirca-mps-2021/
  3. webinarcare – https://webinarcare.com/best-print-management-software/print-management-statistics/
  4. alliedmarketresearch – https://www.alliedmarketresearch.com/managed-print-services-market
  5. bradenonline – https://www.bradenonline.com/managed-print-services-keep-data-secure/
  6. imageoneway – https://www.imageoneway.com/blog/three-printing-stats-that-are-terrifying-to-your-it-budget
  7. marconet – https://www.marconet.com/blog/6-stats-about-printing-costs-that-will-surprise-you
  8. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/Managed-Print-Services-MPS-and-Document-Management-Systems-(DMS)-Market-620.html
  9. powermps – https://www.powermps.com/the-top-managed-print-services-software-platforms/

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