Managed Print Services Market Set to Hit $113.1 Billion by 2033: What This Means for Your Business

The Managed Print Services (MPS) market is on track for extraordinary growth. A new report from Market.US projects the global MPS market to reach a staggering $113.1 billion by 2033, up from $45.26 billion in 2023, growing at a 9.6% compound annual growth rate (CAGR).

But what’s driving this growth, and why are so many businesses turning to MPS? Let’s take a closer look at the trends pushing this market forward and why your business should consider adopting an MPS strategy now.

Why the MPS Market is Growing So Rapidly

1. Cost Control and Operational Efficiency

One of the biggest factors fueling the growth of the MPS market is the need for businesses to control costs and optimize operational efficiency. In traditional office environments, printing is often a hidden expense. Between supplies, maintenance, and equipment downtime, unmanaged print environments can drain resources and distract IT teams from more strategic initiatives.

MPS programs help solve this problem by providing a predictable cost structure and consolidating print management into a single, streamlined service. Instead of multiple vendors and fluctuating expenses, MPS offers fixed, monthly pricing that covers everything from toner replenishment to printer repairs.

Additionally, MPS can eliminate inefficiencies by analyzing print volumes, device utilization, and supply needs, ensuring that the right printers are in the right places, being used at optimal capacity.

2. Security Concerns Are Driving Adoption

It’s not just about saving money—security is becoming a key reason businesses are turning to MPS. The growing number of security breaches has forced companies to reevaluate every potential vulnerability, including their print environment.

Printers are often overlooked as a security risk, but they are potential entry points for cyberattacks, especially if they are networked devices. In fact, the report indicates that 57% of companies are adopting MPS to bolster security.

Modern MPS solutions offer advanced security features like user authentication, secure print release, and data encryption, which can significantly reduce the risk of sensitive information being compromised during the print process.

3. Sustainability and Environmental Responsibility

As companies place a greater emphasis on sustainability, MPS is seen as a way to reduce environmental impact. Managed print programs help businesses reduce paper waste, cut down on unnecessary printing, and make better use of their resources, aligning with the growing demand for greener business practices.

How ManagedPrint Aligns with Market Trends

At ManagedPrint, we are aligned with these trends, offering businesses solutions that not only help them save money and increase security but also reduce their environmental footprint.

Comprehensive Print Analysis

Our Comprehensive Print Analysis service offers a deep dive into your print environment. We assess your entire print fleet, analyzing device mapping, utilization, supply costs, and maintenance needs. The goal is to give you a clear picture of where your printing operations can be optimized for greater efficiency and cost savings.

• Right-Sizing Devices: Ensure that your printers are placed in the correct locations to handle the necessary volume.
• Supply and Cost Management: We help reduce waste and control supply costs, delivering savings through more efficient management of your fleet.
• Device Replacement: We identify low-performing devices that are costing your business more than they’re worth and recommend more efficient alternatives.

Managed Cartridge Solutions

For businesses that need a fast, efficient approach, our Managed Cartridge Solutions provide automatic toner replenishment and service without the need for a detailed analysis. This solution is perfect for businesses that want to avoid the complexity of fleet management but still need dependable, high-performance print services.

The Role of Nationwide Printer Repair

Another key differentiator for ManagedPrint is our focus on nationwide printer repair. Whether your business operates in a single location or across multiple sites, our network of expert technicians provides fast, reliable support. This ensures your print environment remains fully operational, minimizing downtime and disruption.

Why Now is the Time to Invest in MPS

With the MPS market projected to grow at nearly 10% per year over the next decade, businesses that adopt a managed print strategy now will be better positioned to reduce costs, improve security, and operate more sustainably. ManagedPrint offers flexible solutions that can scale with your business, ensuring you stay ahead of industry trends and challenges.

Ready to Optimize Your Print Environment?

Whether you’re looking for a detailed fleet assessment or a fast and simple print management solution, ManagedPrint has the expertise and flexibility to meet your needs. Contact us today to schedule a Comprehensive Print Analysis or learn more about our Managed Cartridge Solutions. Let us help you optimize your print environment for greater efficiency, security, and sustainability.