Global Printing Services Market – Industry Trends and Forecast to 2029

Global Printing Services Market, By Type (Print Management, Device Management, Discovery and Design, Document Imaging), Deployment Mode (Hybrid, Cloud, On-Premises), Organization Size (Large Enterprises, Medium Enterprises, Small Enterprises), Industry Vertical (BFSI, Government, Healthcare, Education, Industrial Manufacturing, Retail, Food and Beverages, I.T. and Telecom, Others), Channel Type (Printer/Copier Manufacturers, System Integrators/Resellers, Independent Software Vendors (ISVS)) – Industry Trends and Forecast to 2029

Printing Services Market Analysis and Size

Following the threat of a pandemic, the printing services market is expanding rapidly. Manufacturers in the global printing services market are focusing on innovative solutions to meet rising global demand from various end-use industries.

Data Bridge Market Research analyses that the printing services market which was growing at a value of 16.33 billion in 2021 and is expected to reach the value of USD 34.75 billion by 2029, at a CAGR of 9.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Print Services are the features and services (pre-printing, printing, and post-printing) that you provide to customers when they order products from you. Print services are the various printing, finishing, and output options a print shop can produce based on its equipment (i.e., the Print Shop's capabilities).

Global Printing Services Market Dynamics

Drivers

• high data volume is shifting technologies towards a digital transformations

The increasing adoption of big data solutions and the increasing number of initiatives to reduce paper waste will provide growth to the printing services market growth. The persistent rise in the complexity of technical solutions and the provision of flexibility to match customer requirements will further cushion the printing services market growth. Reduction in operation costs will likely boost the growth of the printing services market during the forecast period.

• Growing penetration of digitization

Rising consumer adoption of digital technology and the need to secure data from various sources process data for digitalisation, rising adoption of cloud services, big data, and Internet of Things (IoT), and progress toward digital revolution are among the major factors driving the printing services market.

Opportunity

Adoption of cloud computing and analytics, as well as new business propositions and improved information security, will provide additional opportunities for the growth of the printing services market during the forecast period.

Restraints

Long-term recurring expenditure growth, as well as a lack of efficiency and effectiveness, are acting as market restraints for printing services during the forecasted period. The most difficult challenge for the market's growth will be security and privacy concerns.

This printing services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the printing services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Printing Services Market

During the forecast period, the outbreak of COVID-19 disease has significantly impacted market growth. Due to the pandemic, various industries in various sectors around the world had to suffer. Several manufacturing units were shut down as lockdown was applied by governments across the world. After the pandemic, several key players in the printing services Industry are attempting to resurrect the market.

Recent Development

• In 2020 Xerox launched a new programme for information technology service providers. This new launch was expected to expand the company's business portfolio.
• In 2019, H.P. announced the reconstruction of its managed print services to protect its customers from cyber-attacks. Its upgraded solution includes software solutions and professional services.
• In 2019, Xeretec announced the acquisition of Landscape Group, a UK-based company. This step will help the company improve its workflow and generate more revenue.

Global Printing Services Market Scope

The printing services market is segmented on the basis of type, organization size, deployment mode, channel type and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type  

• Print Management
• Device Management
• Discovery and Design
• Document Imaging

Organization size

• Small enterprise
• Medium enterprise
• large enterprise

Deployment mode

• Hybrid
• Cloud
• On-premise

Industry vertical

• BFSI
• Government
• Healthcare
• Education
• Industrial Manufacturing
• Retail
• Food and Beverages
• I.T. and Telecom
• Others

Channel type

• Printer/Copier Manufacturers
• System Integrators/Resellers
• Independent Software Vendors (ISVS)

Printing Services Market Regional Analysis/Insights

The printing services market is analysed and market size insights and trends are provided by country, type, organization size, deployment mode, channel type and industry vertical as referenced above.

The countries covered in the printing services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America will dominate the printing services market due to the prevalence of various manufacturers as well as favourable government policies, whereas Asia-Pacific will grow in the forecast period of 2022-2029 due to rapid industrialization as well as rising demand for high-end technology.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Printing Services Market Share Analysis

The printing services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to printing services market.

Some of the major players operating in the printing services market are:

• Xerox Corporation (U.S.)
• Ricoh (Japan)
• H.P. Development Company, L.P. (U.S.)
• Konica Minolta Business Solutions Australia Pty Ltd (Australia)
• Canon Inc. (Japan)
• Lexmark International, Inc. (U.S.)
• KYOCERA Document Solutions Inc. (Japan)
• SHARP CORPORATION (Japan)
• Toshiba America Business Solutions, Inc. (U.S.)
• ARC Document Solutions, LLC (UAE)
• Wipro (India)
• TOPPAN INC. (Japan)
• Dai Nippon Printing Co., Ltd. (Japan)
• Bertelsmann SE & Co. KGaA (Germany)
• R.R. Donnelley & Sons Company (U.S.)