This report from Photizo acknowledges and validates HP's focus and commitment to be the leader in the MPS market.
Lexington, KY (PRWEB) August 14, 2009
The new 2009 Managed Print Services (MPS) Market Forecast from Photizo Group reveals a rapidly developing market with dynamic top-level changes in market share. The 2009 MPS global forecast describes a robust segment undergoing tremendous growth. The latest report projects the market will be more than $50B by 2013, and more than 50 percent of all devices will be under MPS contract. The data indicated that HP had overtaken Xerox as leader in the global MPS sector in 2008, with a 34 percent share of global market.
The Photizo Group specializes in research and analysis of the Managed Print Services market. The annual MPS Market Forecast Report is becoming the de facto standard for analysis of this rapidly evolving sector. Photizo defines MPS as the outsourcing of hardcopy devices (printers, copiers, faxes, and MFPs), including all aspects of management, servicing, and on-going maintenance. The MPS Forecast and Share Report covers both programs offered directly from manufacturers and those offered through channel partners.
MPS Revenue in millions (USD):
- 2006 - $9,473
- 2007 - 13,811
- 2008 - 20,346
- 2009 - $25,764
- 2010 - 32,643
- 2011 - 40,593
- 2012 - 49,253
- 2013 - 59,678
Europe To Be Largest MPS Market By 2013
The forecast is updated annually and provides historical and forecast data for North America, Europe, Asia and Latin America. The global forecast cuts through the flux in market geographies and provides strategic planners with useful data for pursuing the most profitable regions for MPS. Although today the United States is the largest geography for MPS, significant changes are expected, with a new number one geography appearing by 2013. While Asia is the fastest growing, Europe will become the largest MPS market by 2013.
Companies pursuing an MPS strategy can gain an advantage by arming themselves with the most accurate, current data about this market. "This is groundbreaking information for MPS watchers. The dramatically shifting position at the top demonstrates how aggressively companies are pursuing MPS market share. No one with any interest in MPS can afford to sit on the sidelines, simply guessing what is going to happen," said Ed Crowley, founder and CEO of the Photizo Group. To assist MPS vendors, channel partners and other decision makers, Photizo is making a summary of the report available immediately at no charge.
"Managed Print Services is one of the fastest growing segments of the enterprise printing industry in today's economy," said Tom Codd, Director, Enterprise Marketing, Imaging and Printing Group, HP. "This report from Photizo acknowledges and validates HP's focus and commitment to be the leader in the MPS market."
For more information about the 2009 MPS Market Forecast Report, and to obtain the free report summary, visit http://www.managed-print-services.com/forms/forecast_info.html.
ABOUT THE PHOTIZO GROUP
The Photizo Group is a leading research firm specializing in the analysis of the printing and imaging industry and specifically the Managed Print Services market. Photizo has become the market's main source for ongoing business intelligence about the rapidly growing opportunity of MPS. Since its landmark MPS study released in April 2008 to ongoing research covering North America and Europe, Photizo has emerged as a leader in dynamic business intelligence about the MPS market. Clients include eight of the top ten imaging manufacturers in the digital marketplace. Vendors, dealers and enterprises can find MPS information and resources at http://www.managed-print-services.com.
"Photizo" is a trademark of the Photizo Group. All other trademarks are the property of their respective owners.