MPS Market Projected to Grow at 22 percent, According to New Photizo Research
Photizo Group completes market's first MPS Market Share Analysis and Market Forecast
Lexington, KY - July 8, 2008 - The Managed Print Services (MPS) market is projected to grow at 22 percent (Compounded Annual Growth Rate), with some companies showing growth in excess of 30 percent per year. The findings are part of the market's first MPS Market Share Analysis and Market Forecast soon to be released by the Photizo Group. Managed Print Services (MPS) refers to the outsourcing of a fleet of imaging devices, and contracts can affect millions of printed pages annually. The Photizo Group offers ongoing research and strategic consulting services focused on the MPS market.
The new data examines market share and demand trends for companies in North America and Western Europe. According to the reports, the MPS market will represent almost $20 billion in revenues in North America and Western Europe by 2012. Also by 2012, over one third of all hardcopy device procurement will take place through MPS contracts. Vendors are jockeying for position in the lucrative MPS market, and another key finding is the indication that HP will pass Xerox in 2008 to capture the number one MPS market share position in both Western Europe and North America.
"MPS is clearly moving from early adopters to mainstream users, so understanding of this market is imperative for any dealer, manufacturer or reseller. Vendors who lack an effective MPS marketing strategy will find themselves locked out of many opportunities," said Ed Crowley, founder and president of the Photizo Group. "Until now, no one else has addressed MPS forecasting, and we believe this is the only detailed forecast available today. This new research will help vendors evaluate and position their readiness for the inevitable growth of this profitable market."
Separate studies have been prepared for North America and Western Europe, and the complete reports are available July 30, 2008. Each uses over 20 detailed tables and ten graphs to identify share positions, market growth rates, and revenue by MPS category such as hardware, software, management, and supplies. Contact the Photizo Group for pricing. Additional MPS information and resources to help vendors and enterprises succeed are available at http://www.managed-print-services.com/services/services.htm.
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ABOUT THE PHOTIZO GROUP
The Photizo Group (www.photizogroup.com) is the only source for ongoing business intelligence on the rapidly growing opportunity of Managed Print Services. Since its landmark MPS study released in April 2008 to ongoing research covering North America and Europe, Photizo has emerged as the recognized leader in dynamic business intelligence about the MPS market. Among Photizo clients are leaders in the digital marketplace, including six of the top ten imaging manufacturers.
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