IMARC Group has recently released a new research study titled “South Korea Managed Print Services Market Size, Share, Trends and Forecast by Type, Deployment Mode, Organization Size, Industry Vertical, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

South Korea Managed Print Services Market Overview

The South Korea managed print services market size reached USD 943.39 Million in 2024 and is expected to reach USD 1,705.42 Million by 2033, with a CAGR of 6.80% during the forecast period from 2025 to 2033. Factors driving the market include demand for cost reduction, efficiency improvements, environmental sustainability, and digital transformation. Businesses increasingly adopt managed print services for optimized print solutions, enhanced security, and superior document management across industries.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

South Korea Managed Print Services Market Key Takeaways

• Current Market Size (2024): USD 943.39 Million
• CAGR (2025-2033): 6.80%
• Forecast Period: 2025-2033
• The market is evolving beyond hardware management into digital transformation programs with AI-driven optimization.
• Increasing adoption of AI enhances predictive maintenance, resource allocation, and cost savings.
• Cybersecurity and regulatory compliance are key service offerings due to growing cyber threats.
• MPS providers focus on secure print release, user authentication, encryption, and tracking to protect sensitive data.
• Organizations across sectors such as BFSI, government, healthcare, manufacturing, and IT are driving adoption.

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Market Growth Factors

The South Korea managed print services market growth is primarily propelled by the rising demand for cost reduction, efficiency improvements, environmental sustainability, and digital transformation initiatives. Organizations seek optimized print solutions that help reduce operational expenses and improve overall workflow efficiency. The market is growing as businesses focus on better document management and security, creating significant opportunities for managed print services adoption across a variety of sectors.

Furthermore, the integration of artificial intelligence (AI) in managed print services is transforming the market landscape. AI enables predictive maintenance of printers, informed resource allocation based on print usage patterns, and maximization of overall efficiency. AI-driven analytics offer deeper insights into print usage, allowing organizations to realize cost-saving opportunities and reduce environmental footprints, enhancing market growth further.

Cybersecurity and escalating regulatory compliance requirements are vital growth factors in this market. With increased cyber threats and data breaches, especially state-sponsored attacks in South Korea, networked printers are recognized as critical vulnerability points. Managed print service providers now incorporate robust security features, including secure print release, user authentication, encryption, comprehensive tracking, and auditing. Compliance with local and international data privacy regulations further establishes MPS as a crucial component of organizational cybersecurity, increasing market demand.

Market Segmentation

• Type Insights:
• Print Management: Solutions managing enterprise print workflows, optimizing output devices and costs.
• Device Management: Management and maintenance services for print devices ensuring operational continuity.
• Discovery and Design: Assessment and planning services for print environments to optimize resources.
• Document Imaging: Digital conversion and management of documents to support digital workflows.
• Deployment Mode Insights:
• On-premises: MPS hosted and managed within an organization's physical infrastructure.
• Cloud-based: MPS delivered via cloud platforms enabling remote access and scalability.
• Organization Size Insights:
• Large Enterprises: Extensive MPS solutions catering to complex and large-scale organizational needs.
• Medium Enterprises: MPS focused on mid-sized organizations balancing scale and cost.
• Small Enterprises: Tailored MPS solutions for small scale business operations with limited resources.
• Industry Vertical Insights:
• BFSI: Banking, financial services, and insurance sector applications of MPS.
• Government: Public sector adoption for document and print management efficiencies.
• Healthcare and Education: Enhanced document security and workflow optimization in these sectors.
• Manufacturing: MPS to support field operations, documentation, and compliance needs.
• Retail and Consumer Goods: Streamlined print environments enhancing customer and operational processes.
• IT and Telecom: High-tech industries leveraging MPS for optimized data handling and security.
• Others: Includes sectors not explicitly detailed but benefiting from MPS efficiencies.

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Regional Insights

The dominant region in the South Korea managed print services market is the Seoul Capital Area. Other significant regions include Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others. The report highlights comprehensive regional market analyses but does not provide explicit statistics or CAGR by region in the source.

In summary, the Seoul Capital Area leads demand for managed print services due to its concentration of businesses and administrative headquarters, driving the adoption of advanced print management and security solutions.

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