IDC Predicts Print Service Growth Through 2023

IDC Predicts Print Service Growth Through 2023

ON March 30, 2020, IDC predicted significant growth in print services across the Asia Pacific region. The regional report data does not include Japan.

According to IDC’s Market Analysis Perspective, Basic Print Services (BPS) and Managed Print Services (MPS) are poised to continue growing at a combined rate of 8.2% through to 2023 across Asia Pacific, excluding Japan (APEJ).

IDC predicts this growth despite BPS and MPS being highly mature in key regions such as North America and Western Europe and APEJ countries of varying levels of digital technology adoption; positioning APEJ as a vital region for technology vendors looking for growth opportunities.

“Despite the maturity of contractual print services in North America and Western Europe, APEJ still presents growth opportunities for BPS and MPS. Countries within the region are at differing levels of digital maturity and vendors should capitalize on this by offering a differentiated strategy for each region that address business needs for every stage of digital development,” says Kenneth Tham, Senior Market Analyst for Imaging, Print and Document Solutions at IDC Asia/Pacific.

For more information on the complete Market Analysis Perspective document BPS & MPS Readiness & Adoption (APEJ, IPDS, 2020), please contact Kenneth Tham at ktham@idc.com. For media inquiries, please contact Tessa Rago at trago@idc.com or Alvin Afuang at aafuang@idc.com.

Related:

• IDC: Worldwide HCP Market Reports Value Growth in Q4 2019
• IDC FutureScape: Worldwide IT Industry 2018 Predictions
• Worldwide Managed Cloud Services Forecast, 2018–2022: An Extraction View of Technology Outsourcing Services Markets
• Worldwide Internet of Things Forecast Update, 2018–2022

Comment:

Do you agree with IDC which predicts print service growth—even with the coronavirus pandemic in 2020?Share your comments below.