Asia-Pacific managed print services market to grow

IDC report finds managed print services will continue to grow despite economic recession

The managed print services market in Asia Pacific is forecast to grow at a compound CAGR of 15.5 percent from US$419.9 million in 2008 to US$863.4 million in 2013, said IDC recently.

According to the research house, MPS in the emerging economies of China, India, Indonesia and Malaysia, are expected to see rapid growth in the next five years. Albeit at a declining rate, mature markets such as Australia, Korea and Singapore will also continue to see growth.

"The current economy is turning organizations away from capital investments, resulting in an increase in demand for extension of warranties and increased services and maintenance contracts," said Suchitra Narayan, research manager for IDC's Asia/Pacific IT Services Research. "The decline in hardware sales is being adequately balanced by the demand for MPS. IDC expects a significant segment of the hardware refresh cycles scheduled for 2010 to be delayed to early 2011, therefore improving the services demand for 2010."

Cost management remains key focus

Cost management is still the common and key focus across verticals and countries, said IDC.

While early 2008 saw a migration from basic cost savings to value added services such as business process improvements and green technologies, the current economic conditions have forced organizations to revisit their focus on the basics -- cost management, the firm added. MPS fits well into the new demand from organizations which is migrating CAPEX top OPEX and increasing the lifecycle of hardware.

IDC expects to see double-digit CAGRs for MPS market from 2009 to 2013, especially in China, India and Indonesia, assuming political stability in these markets.

The China and India markets, in particular, represent large opportunities that are the only bright sparks in IT services for the Asia Pacific market given the current economy, said IDC.

IDC believes that India will see robust growth of 6.7 percent in 2009 for IT services and for China IT services, growth of 11.7 percent. Although Indonesia accounts for only 3.5 percent of the total MPS market in the region, the country is keen to adopt proven models and is looking for document management systems that have been tried and tested by neighboring countries, said IDC, adding that the Indonesia MPS market is projected to grow at 18.6 percent year-on-year.

Finance and government sectors continue to invest

Despite the uncertain economic times, the financial and government sectors, which are key proponents of document management solutions in the region, will continue to invest in the same, according to IDC.

The rational for investments are varied with the financial sector focusing on cost management, operational efficiency, transparency and compliance; while the government sector, targeting operational efficiencies, is keen to invest in the local market to boost the economy, IDC noted.

A recent IDC peripherals, hardware, software and services, conducted in 10 countries across the region, revealed that 18.8 percent of the organizations polled in the financial sector will continue to seek document related solutions, particularly print accounting and management related solutions, over the next one to two years.

Because of the changes in the fundamentals of doing business within the financial sector, and the increasing focus on transparency and compliance, document archival and storage will also be a key area with 26.7 percent of organizations polled, seeking such solutions in the short term, compared to 16.8 percent who will focus on document security and 15.8 percent on scan related solutions, IDC concluded.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags managed print servicesIDCasia pacific

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Computerworld Hong Kong staff

Unknown Publication
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?