The market for MPS is expected to triple over the last decade from £19.50 billion ($25.27 billion/€22.47 billion) in 2015 to £70.75 billion ($91.05 billion/€80.95 billion) by 2024.
Business Computing World reported that the reasoning behind the rising demand is that unmanaged print costs take up one to three percent of a company’s revenue. Ineffectively managed printers are said to be costly and can be a liability in the office, are prone to failure, and the cost of fixing them can be rather large.
An impromptu approach to printing, the site adds, often leads to the cheapest ink, paper etcetera, and this sub-standard equipment can increase device faults and “sub-optimal” settings result in a very large amount of small costs, which drive up the overall cost substantially. Using MPS to better understand what should be done will then lead to knowing the main areas the money is going to, and how to fix the problem.
It will be tough to justify a correct fleet refresh, Business Computing World adds, as an “outright acquisition”; because buying many new printers is often a tough sell “budget-wise, even if” current provisions are clearly obsolete. In contrast, a managed resolution makes clear monetary sense.
Modern printing technology is far more efficient, and therefore the best savings are obtainable with a “full outsource” as well as a “fleet refresh” as the corrected set-up will have lower day-to-day running costs. This also frees up staff as they will no longer need to constantly deal with paper jams and can deal with their primary jobs first.
The article concludes that MPS’ “ideal solution” shows why the market value is set to more than triple over the next eight years, with benefits outweighing costs.