Bangkok--1 Sep--
$34M market growing at 13 percent, according to Photizo Group
It’s no coincidence that the first Asia Pacific MPS Conference takes place in Singapore. According to Photizo Group, Singapore has taken a solid foothold in managed print services (MPS), compared to many neighboring countries. A $34M market in 2009, it is expected to grow at a compound annual rate (CAGR) of 13 percent for the next five years, reaching $62M.
“This growth is driven primarily by government initiatives, multi-national corporate headquarters and large Singaporean enterprises," said Keng Keng Tan, Managing Director and Senior Consultant for Photizo Group in Asia Pacific.
Tan continued, "While it may not be as large as Australia or China, Singapore is a very important market. Due to the headquarters status of many corporations located here, a lot of decisions are made in Singapore. A successful MPS implementation here normally leads to opportunities regionally, and sometimes globally."
The Asia Pacific arena represents enormous opportunities for managed print services vendors, dealers and resellers. It is the fastest growing market worldwide.
According to Photizo Group research, the Asia Pacific market is expected to grow to $8.2B by 2014. The market’s 60 percent compound annual growth rate is the highest of any region globally. Anticipating the need for information and analysis about the market, Photizo Group opened an Asia Pacific office in February of this year.
Reliable Information Amid Rampant Growth
“The Asian Pacific managed print services market is the fastest growing market worldwide, and even in this fast-paced region, Singapore stands out. That’s why our first Asia Pacific conference is here,” said Photizo Group CEO Ed Crowley. “While there are many similar dynamics to North America and Europe, the Asian market has unique market requirements and will evolve in a unique way. The MPS Conference is a productive, focused venue for gaining a deeper understanding of the dynamics and influences in Singapore and elsewhere in the region.” Crowley will reveal more insights and data about the region in his keynote session at the conference.
The Asia Pacific MPS Conference, September 2-3 in Singapore, connects vendors and service providers with key players and end users in this fast-growing market. Industry visionaries such as FM Audit, Fuji/Xerox, HP, Ricoh, SafeCom and NewField IT are among the sponsors and exhibitors for the first ever MPS conference in the Asia Pacific region. Over 100 attendees have registered for the event so far.
For more information about the Asia Pacific MPS Conference, visit www.mpsconference.com
http://www.regonline.com/builder/site/Default.aspx?eventid=837769.
Please contact:
Warren Marc Lim
(+65) 9751 7924
Band Public Relations
[email protected]
About the MPS Conference Series
The North American and European MPS Conferences serve the educational needs of the rapidly expanding Managed Print Services (MPS) market. Hosted by the Photizo Group, leading research firm and consulting firm specializing in the MPS industry, the conferences feature case studies, panels, exhibitions and interactive sessions that highlight successful approaches and practical ideas from actual MPS engagements. MPS decision makers, vendors and channel partners can network and share insights and experiences regarding successful MPS programs.
About Photizo Group
Photizo Group is the market’s main source for ongoing business intelligence about the rapidly growing opportunity of Managed Print Services. Since its landmark MPS study released in April 2008 to ongoing research covering North America, Europe, and Asia, Photizo has emerged as a leader in dynamic business intelligence about the MPS market. Vendors, dealers and enterprises can find MPS information and resources at http://www.mpsinsights.com
“Photizo” is a trademark of the Photizo Group. All other trademarks are the property of their respective owners.