27 percent year-on-year growth on 2010 revenue leads to positive speculation.
MPS consultancy firm Photizo Group have released the “2011 MPS Market Size, Share and Forecast Study”, which summarises the MPS market for 2011 and predicts a surge in popularity and revenue for the next three years.
Latin America and Asia Pacific are highlighted as growth areas, with India, Brazil, China, South Korea and Mexico listed as the fastest growing countries.
Global MPS competition between OEMs remains close, with Xerox/ Fuji Xerox ahead of HP by one percent market share, and SMBs remain the strongest relative area of growth in Asia Pacific, Latin America and Europe, the Middle East and Africa (EMEA).
Overally, data from the study suggests that the average revenue of MPS per device will surge after 2013 due to more efficient deployment and service revenues growth, and nearly half of printing revenue will be attached to MPS contracts by 2014.
Keng Keng Tan, Vice President of Research, Consulting and Info Services, Photizo, commented: “Across the board, we continue to see a strong shift from hardware to services and solutions on the global scale. Revenue per device and revenue from services, supplies and solutions are steadily increasing.”