Price Forecast: Managed Print Services

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  • Tags : Office Management | Managed Print Services | Price trend | Price forecast | Procurement research | Category market forecast

Recent Price Trend - Managed Print Services


In the three years to 2017, the price of managed print services has been rising at an estimated average annual rate of 1.3%. As the economy has grown, the number of businesses has increased and expanded the pool of businesses that use managed print services to limit printing costs and streamline print processes. Gains in government funding for primary and secondary education have also stimulated demand for market services. Elementary schools, high schools and colleges that rely on government funding are large buyers of managed print services due to their high levels of printing activity. Demand growth, however, has been tempered by the rising popularity of digital document services, which have been used as a direct alternative to managing documents in print form. Still, overall growth in demand has allowed suppliers to increase their service prices without risking significant losses in business.

Full-service managed print service suppliers provide buyers with ink and toner refills. The price of ink has been rising in the three years to 2017. Amidst growing demand, suppliers have passed higher ink and toner prices to buyers in the form of higher prices. Fortunately, however, falling wage costs for printer repair employees has exerted downward pressure on price.

In the three years to 2017, price volatility has been low, allowing buyers to better budget for purchases. Buyers are not advised to delay contractual decisions, however, because the price of managed print services is projected to continue rising through 2020. The longer buyers wait, the higher the price will be. However, buyers can seek to reduce costs by leveraging a large value over the contract period or by bundling other services or goods with managed print services.

 



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