MPS Market Growing At 27 Percent; HP Leads With 25% Share
December 18, 2009 - The North American Managed Print Services (MPS) market continues to grow at a remarkable 27-percent compounded annual growth rate (CAGR), according to the latest Managed Print Services (MPS) research from the Photizo Group, a consulting and research firm based in Lexington, Kentucky. In North America, Photizo's research shows that Hewlett-Packard leads with 25-percent market share.
The Photizo Group's new 2009 North America Managed Print Services Summary Report looks at market size and share, and provides a forecast analysis for North America. The report is based upon extensive the company's annual MPS Market Size, Share, and Forecast Service Report.
According to Photizo, North America is the most mature MPS market, with a history of over 10 years of MPS implementation, and with 50 percent of the total global MPS market in 2008. The Photizo study found that Canada is the fastest growing segment in North America, with a CAGR of 39 percent. The company's new report provides additional insight into how quickly the MPS market will grow, as well as insight into factors that will drive its growth. The most significant growth factors during the next two years will be evolution of distribution channels, continued focus on cost savings, and aggressive vendor programs.
The MPS market in general is experiencing "astounding growth," having gone from $9.5 billion ($U.S.) globally in 2006, to $20.3 billion in 2009, according to Photizo. By 2013, Photizo says the market will enjoy $59.7B in revenues, which accounts for over 50 percent of the total distributed imaging business market. Notes Ed Crowley, CEO and Senior Partner of Photizo, “Companies of all sizes can benefit from the tremendous MPS opportunity, but the key to success is access to the most accurate, current information available about this dynamic, fast-growing market."
The 2009 MPS Report documents the emerging market-share positions of the top MPS vendors in North America, with the latest data indicating that HP has taken over MPS leadership in North America with 25 percent of total market revenue. In the report, readers will also find analysis of key market-size metrics and the outlook for future market growth rates.
The report also looks at factors that have made it easier for resellers and dealers to launch MPS offerings; in the last two years, 15 new MPS programs have been announced for dealers. It also offers guidance on the largest market opportunity, the impact of market maturity on pricing, channel versus manufacturer
revenues, and insight into the composition of the market in terms of devices under MPS contract. For pricing and other information about the MPS Market Size, Share, and Forecast Report and the 2009 North American Summary Report geared to dealers and resellers, visit http://www.managed-printservices.
com.