Are you looking to add Managed Print Services to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Managed Print Services statistics of 2024.
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How much of an impact will Managed Print Services have on your day-to-day? or the day-to-day of your business? Should you invest in Managed Print Services? We will answer all your Managed Print Services related questions here.
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On this page, you’ll learn about the following:
Best Managed Print Services Statistics
☰ Use “CTRL+F” to quickly find statistics. There are total 65 Managed Print Services Statistics on this page 🙂Managed Print Services Market Statistics
- The global managed print services market size was valued at $27,500 million in 2017, and is projected to reach $59,709 million by 2025, growing at a CAGR of 10.3% from 2018 to 2025. [0]
- The managed print services market is expected to grow from USD 28.40 billion in 2016 to USD 50.78 billion by 2024, at a CAGR of 8.5% between 2017 and 2024. [1]
- In a March 2021 report, Technavio projects the managed print services market will grow to 6.28 billion by 2025, a CAGR of 5 percent over the next five years, and predicts 4.12 percent growth in 2021 alone. [2]
Managed Print Services Software Statistics
- The average IT department spends 15% of its time responding to printing related issues including, but not limited to, user assistance, software compatibility and network connectivity. [3]
Managed Print Services Latest Statistics
- For example, few know that on average, businesses waste 14 percent of their revenue on document and print. [4]
- Just imagine what those teams could accomplish with 14 percent of their revenue back—and that’s just the beginning. [4]
- A study by Gartner estimates that as much as 50% of Help Desk calls are printer. [4]
- According to the Sierra Club, those 10,000 pages of paper is equal to just about one tree. [4]
- While reorganizing and redeveloping print processes internally can be challenging and time consuming, a managed print service can do all that and leave you with up to 30 percent more in your print budget than before. [4]
- But that 20 to 30 percent isn’t just an arbitrary range of numbers. [4]
- Managed print is responsible for a 10 to 15 percent reduction in wasted output, meaning 10 to 15 percent less you have to pay in any “per page” print agreement A 30 percent reduction in energy consumption. [4]
- A 20 percent reduction in toner consumption When you add all these up, you get some major savings to your overall IT budget. [4]
- Learn more about how working with an MPS can enhance your print security and reduce printrelated costs by 20. [4]
- For instance, according to a study, a company generates an average 7.8 metric tons of waste. [0]
- Almost 40% of that waste is easyto. [0]
- The study also found that if companies can reduce their paper waste by just 1%, they will save almost $1 billion, due to which many organizations are finding ways to reduce paper wastage. [0]
- Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [5]
- 90% of all data in the world was created in the last two years. [6]
- In a year, the average employee prints 8,874 pages and 17% of them will go unread. [6]
- In 2019, an estimated Think of all the sensitive material that comes out of your printers. [6]
- In 2017, it was found that 44% of print related data losses occurred because documents were emailed to external sources via a printer. [6]
- By reducing their print fleet by 27% in a right sizing adjustment, and consolidating five vendors into one, they were able to reduce their total cost of print fleet ownership by $75,000 per year. [7]
- With possible document savings of 20 to 30 percent, you may find compelling returnon investment data that makes investigating an MPS contract a worthwhile venture. [7]
- According to recent statistics gathered from the Gartner Group • Approximately 90 percent of companies don’t know how many printers are in use, or how much they are spending on print. [8]
- 80% of fortune 2000 companies rely on our research to identify new revenue sources. [1]
- The New Jersey healthcare provider improved care and system efficiency while protecting patient information security and saving an estimated $300,000 a year in print costs with HP MPS. [9]
- Regardless of the size of your organization, you can expect to save approximately 30 percent of your total hard copy costs by implementing an MPS solution. [10]
- In addition, you’ll reduce your carbon footprint by as much as 60 percent and gain back about 10 percent of your IT staff, whose services were previously directed towards managing print. [10]
- It’s growing With a compound annual growth rate upwards of 25 percent, MPS has surpassed the rate of all other aspects of the imaging industry. [10]
- As of 2015, industry forecasts showed that nearly 40 percent of print devices were under an MPS contract. [10]
- Even with the addition of MPS, IT departments retain control with 60 percent of businesses relying on IT personnel to manage their MPS engagement. [10]
- Not only do most CIOs not consider the printer a danger point, according to a 2017 Spiceworks Survey commissioned by HP Inc., most had no security in place on the devices. [11]
- While 83 percent of respondents had secured their PCs and 55 percent had secured their mobile devices, only 41 percent had either network security, access control, data protection or endpoint security on their printers. [11]
- A slow recovery of office print volumes.77% of organisations indicate that paper is fairly or very important to their business, though this has dropped from 87% in 2019. [12]
- 50% of respondents reported a decrease in office print volumes since the start of the pandemic. [12]
- MPS spend growth is slowing.53% of respondents expect to increase their expenditure on MPS in the coming year. [12]
- This is a drop from 79% of respondents who planned to increase spend in 2019. [12]
- The US remains the most positive about MPS spend, with 73% expecting it to increase, although this is still a fall from 84% in 2019. [12]
- 56% of organisations with fully outsourced MPS have provided printers for remote workers, compared with only 42% of those using a hybrid model. [12]
- While 52% indicated that they used their MPS supplier to procure their home printers, 44% indicated that these were purchased online – 10% of which used a B2B online store such as Amazon Business. [12]
- Organisations continue to see MPS as a key component of digitisation efforts, with 37% saying MPS isvery importantto digital transformation in their organisation. [12]
- Here’s a surprising statistic print costs typically consume 3% of total revenue. [13]
- is how that 77% breaks down. [14]
- That figure includes 48% who described printing as “very important,” and 29% who went a step further, describing it as “critical.”. [14]
- When coupled with the stat above, this also implies that about 80% of managed print services are offered through the cloud. [14]
- By contrast, only 23% said they would turn to a print manufacturer, and 17% said they’d consult a MPS provider. [14]
- However, Buyer’s Laboratory reports that 90% of companies fail to track printing costs. [3]
- IDC has found that document costs eat up anywhere between 5% and 15% of the average business’s annual revenue. [3]
- According to IDC, 23% of help desk calls are printer. [3]
- The Gartner Group has found that many companies can potentially reduce their printing expenditures by anywhere from 10% to 30%. [3]
- The report also includes some good news for managed services providers in the U.S. and Canada 40 percent of growth is predicted in North America. [2]
- A BizTech magazine article points out that although IDC research a few years ago found organizations can save 30 percent by using a managed print service, even if it saves a smaller amount, it’s worth it. [2]
- Managed Print Services provide an easy, cost effective solution to bring unchecked print costs under control, saving them up to 30% per year. [15]
- On average, ARC’s MPS Solution cuts print volume for businesses by 10 15% per year, reducing materials and energy consumption. [15]
- Taking a Comprehensive Approach to Print Saves up to 30% of Costs If your company doesn’t plan for all of its fixed costs, it’s losing. [15]
- We have been using ARC’s print management services for over a year now and have created cost savings of over 70%!. [15]
- 90% of companies don’t know how many printers they have or how much they spend on print Do you know?. [16]
- Four prints are now made for every one copy In the 90s, your office copier probably produced 80 – 90% of the hardcopy output in your office at a low fixed cost per page. [16]
- 37 to 41% of printrelated expenses avoid formal procurement approval Is it possible that people in your organization could be buying small printers and print related consumables without approval?. [16]
- 40 to 60% of IT help desk calls are print related Most IT professionals refer to office printing as “the bane of computing”. [16]
- “During our first six months with BMP, toner and printer maintenance costs were reduced by 33%!. [17]
- It is a widely accepted statistic that a company spends 3 5% of its annual revenue on document production. [17]
- Click here to read how one Triad company saved 66% on their printing costs with Managed Print Services. [17]
- 70% of companies have never had a print security audit and consider print to be one of their top 5 security concerns. [18]
- KDI’s Managed Print Services has saved us 20% per month while giving me a seamless solution to this time. [18]
I know you want to use Managed Print Services, thus we made this list of best Managed Print Services. We also wrote about how to learn Managed Print Services and how to install Managed Print Services. Recently we wrote how to uninstall Managed Print Services for newbie users. Don’t forgot to check latest Managed Print Servicesstatistics of 2024.
Reference
- alliedmarketresearch – https://www.alliedmarketresearch.com/managed-print-services-market.
- marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/Managed-Print-Services-MPS-and-Document-Management-Systems-(DMS)-Market-620.html.
- xaasjournal – https://www.xaasjournal.com/the-good-news-about-the-managed-print-services-market-growth/.
- marconet – https://www.marconet.com/blog/6-stats-about-printing-costs-that-will-surprise-you.
- imageoneway – https://www.imageoneway.com/blog/three-printing-stats-that-are-terrifying-to-your-it-budget.
- statista – https://www.statista.com/statistics/690464/north-america-managed-print-services-market-by-channel/.
- impactmybiz – https://www.impactmybiz.com/blog/blog-6-managed-print-services-benefits-smbs/.
- loffler – https://www.loffler.com/managed-print-services/.
- monstertechnology – https://monstertechnology.net/managed-print-services-right-5-signs-say-yes/.
- hp – https://www.hp.com/us-en/services/managed-print-services.html.
- tomorrowsoffice – https://tomorrowsoffice.com/5-important-facts-about-managed-print-services/.
- crn – https://www.crn.com/news/components-peripherals/5-ways-a-managed-print-services-provider-can-stand-out.
- quocirca – https://quocirca.com/content/quocirca-mps-2021/.
- tgioa – https://www.tgioa.com/solutions/managed-print-services/.
- marconet – https://www.marconet.com/blog/print-security-landscape-report.
- e-arc – https://www.e-arc.com/printing-solutions/mps-savings-calculator/.
- raymorgan – https://www.raymorgan.com/shocking-office-printing-stats-you-need-to-know/.
- bmponline – http://www.bmponline.com/managed-print-services.cfm.
- kdi-inc – https://www.kdi-inc.com/managed-print-services/.
How Useful is Managed Print Services
One of the key benefits of utilizing MPS is the ability to outsource the management of all printing-related tasks to a third-party provider. This can help organizations free up valuable resources and manpower that would otherwise be tied up in handling printing needs. By entrusting the management of printers, copiers, and other devices to a dedicated team of experts, businesses can focus on their core operations without worrying about the day-to-day maintenance of their printing infrastructure.
Furthermore, MPS providers often offer cost-effective solutions that can help businesses save money in the long run. By assessing an organization’s printing needs and recommending more efficient devices and processes, MPS providers can reduce unnecessary printing and help businesses cut down on their overall printing costs. Additionally, with many MPS providers offering fixed-price contracts, businesses can better predict and control their printing expenditures, providing a level of financial stability that can be advantageous in a volatile market.
Another significant advantage of MPS is the ability to improve document security and regulatory compliance. MPS providers can implement strict access controls, data encryption, and other security measures to protect confidential information and ensure compliance with data protection regulations. With the increasing threat of cyber-attacks and data breaches, businesses that utilize MPS can rest assured that their sensitive documents are safeguarded against unauthorized access.
Additionally, by consolidating printing infrastructure and implementing efficient practices, MPS can contribute to reducing an organization’s environmental footprint. By using energy-efficient devices, encouraging duplex printing, and promoting paperless workflows, businesses can lower their carbon emissions and decrease their overall environmental impact. This not only benefits the planet but also enhances a company’s corporate social responsibility image, potentially attracting environmentally conscious customers and partners.
Moreover, MPS can foster productivity and collaboration by streamlining workflows and facilitating document sharing and storage. With features such as cloud printing and mobile access, employees can easily print and access documents from anywhere, at any time, promoting flexibility and efficiency in the workplace. By automating document workflows and optimizing print processes, businesses can improve their operational efficiency and enhance employee productivity.
In conclusion, Managed Print Services offer a myriad of benefits that can help businesses optimize their printing operations, reduce costs, increase security, and improve environmental sustainability. By partnering with a reputable MPS provider, organizations can streamline their printing infrastructure, enhance productivity, and gain a competitive edge in the market. While the usefulness of MPS may vary depending on the specific needs and size of a business, the potential benefits of outsourcing print management are undoubtedly significant.
In Conclusion
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