Managed
print services (MPS) offer dynamic optimization and management of
document output devices and printing activities in various business
processes. With the use of MPS, organizations can outsource their
printing tasks and processes enabling them to focus on their core
business processes. Thereby, organizations can achieve higher
productivity and efficiency in their business operations by limiting
the time and resources required for its printing activities. MPS
providers monitor, manage and optimize the entire end-to-end print
output environment in an organization MPS service providers carry out
up-front assessment and analysis of the existing printing
infrastructure to develop a roadmap of the printing processes. This
enables MPS providers to meet the requirements of an organization
while limiting the number and types of printing devices. MPS also
enables organizations to identify and solve problems associated with
printing devices and other printing supplies. MPS providers also
manage and maintain advanced printing devices to offer latest
printing technologies to their customers. In addition, with the use
MPS, organizations are able to streamline their printing activities
and prioritize tasks to reduce delays in critical business processes.
MPS providers constantly monitor the printing environment and improve
on-going processes through automation. Thereby, organizations achieve
higher productivity and efficiency as employees do not need to manage
and control printing tasks. In addition, MPS reduces usage and
wastage of paper and energy which reduces the environmental footprint
of an organization.
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One
of the major factors driving the growth of MPS market is the
significant cost reduction. With increasing volumes of content
generated in organizations, there has been a growth in the demand for
printing documents. Unorganized printing of individual documents
leads to unnecessary wastage of resources including paper, printing
inks, electricity and employee’s time. MPS offers a viable solution
for reducing costs associated with printing in an organization.
Moreover, organizations are able to leverage the expertise and
experience of MPS providers to optimize printing processes. Another
factor driving the growth of MPS market is the environment benefits
offered by reducing usage of printing inks and electricity. With the
use of MPS, organizations are able to significantly reduce its
environment footprint caused due to traditional in-house printing
processes. Despite its immense benefits, the growth of MPS market
faces a few restraints. Information security is one of the major
concerns for organizations to deploy MPS solutions. Companies
hesitate in sharing private and critical organizational data with the
MPS providers for printing.
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With
increasing need to lower operational costs and rising costs of
printing documents, the MPS market has been lucrative in recent
years. Numerous MPS providers seek to offer advanced and innovative
solutions based on their expertise. Moreover, MPS service providers
offer customized solutions depending on client’s requirements
regarding the quality, privacy and volume of printing tasks. Leading
companies in the MPS market offer cloud-based MPS solutions to
increase availability and accessibility of their services. Some of
the key players in this market include Xerox Corporation, Canon,
Inc., Ricoh Company, Ltd., ARC Document Solutions, Inc., Kyocera
Document Solution, Inc., Pitney Bowes, Inc., Hewlett-Packard
Development Company, L.P., Konica Minolta, Inc., Lexmark
International, Inc. and Toshiba Corporation.
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