Transparency Market Research

Managed Print Services (MPS) Market: Latest Trends and Forecast Analysis


Albany, NY -- (SBWIRE) -- 10/23/2018 -- Managed Print Services (MPS) Market - Snapshot

Managed print services eliminates a lot of paper waste, which encourages organizations to only print necessary documents. There are growing concerns regarding paper wastage and unnecessary energy consumption. The level of environmental concern varies significantly. Due to these factors, organizations are progressively adopting managed print services as these services help organizations to meet their demands for sustainability and to reduce paper wastage. Cost savings might vary according to the printing usage in different industry sectors. Precision Document Solutions, a managed print services vendor, claimed to guarantee output cost savings of 30% through its comprehensive managed print service solutions for the healthcare sector. Law firms and government sectors, which are more document intensive as compared to other industries, are expected to achieve higher ROI (Return on investment) on the deployment of MPS solutions.

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Managed print services provide efficient maintenance and reduction in downtime. Maintenance is important to ensure the smooth functioning of printers in the long run and also to reduce the downtime. Furthermore, the replacement of cartridges, ink toners, papers, etc. is a part of printer maintenance, using up additional time and increasing operational expenses. Thus, organizations can reduce the time utilized for maintenance and the costs related to it, as MPS takes care of maintenance without incurring additional expenses other than monthly service charges or a one-time maintenance charge.

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