Managed print services are a key part of the corporate sector in the modern world due to the growing need for printing documents and other paper-based material for promotion and other applications. Traditionally, printing services have been handled by companies simply purchasing printers according to their need and managing them on their own.
What are the Benefits of Managed Print Services?
Managed print services offer a number of key benefits in comparison to traditional printing systems due to the services being exported to a third party. Some of the salient benefits of managed print services are as follows:
# Increased Efficiency, Decreased Costs
Using printer units installed in office buildings may have been sufficient in legacy systems, but it still presented problems regarding the maintenance and infrastructure needed to run the printers in top condition. Since the average corporate staff could hardly be considered to be experts on running printers, this gave rise to the need for separate maintenance services and management of the purchasing requirements for keeping the printer going.
While managed print service suites can be expensive at first, over the long run, managed print services present significant benefits in terms of cost saving and maximizing the utilization of the human capital of the company. Thus, the major benefits of managed print services include cost optimization and efficiency boost.
# Information Security
Data security has become probably the most vital aspect of any corporate operation in recent years, as the connection to the wider Internet through various means of data generation means that any transaction made online is a potential threat to the integrity of the user’s overall online presence. Using a shared printer in an office space has emerged as a major threat to the data security of the organization, as anyone can access the service and release malware, potentially harming any of the organization’s assets.
# Less Waste, More Environmental Viability
Paper, toner, and ink may not sound like the most environmentally harmful materials, but when you add up the impact of a global corporate sector, with each company making minor allowances in terms of efficiency in the use of printing materials, the sum adds up to a considerable amount. This is harmful not only for the company, as considerable sums can be invested in printing services only to become waste, but also for the environment, as printing materials are highly chemical-intensive and can cause considerable ecological damage if released into the environment.
The global managed print services market is expected to rise to a valuation of USD 51 billion by 2023, at a CAGR of 9%, according to Market Research Future (MRFR).
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