Singapore is key to region's managed print services market

It’s no coincidence that the first Asia Pacific MPS Conference takes place in Singapore this week. 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% for the next five years, reaching $62M.

 

The growth is driven primarily by government initiatives, multi-national corporate headquarters and large Singaporean enterprises.

 

"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,” said Keng Keng Tan, Managing Director and Senior Consultant for Photizo Group in Asia Pacific.



 

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% 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.