Vodafone, Cisco, StanChart Bank and Alstom sign Xerox to save document related costs

Infotech Lead India: Vodafone, Cisco, Standard Charted Bank and Alstom have signed up Xerox to save on document related costs, reduce energy consumption, and increase worker productivity.

Xerox -printer

Xerox claims its MPS helps meet the needs of workforce – with mobile print solutions for on the go workers and security features to protect confidential information.

E&Y recently said the Indian MPS market is estimated at USD 80-90 million and is slated to grow to about USD 250Mn by 2015.

“Xerox has been rapidly transforming into being a services led, technology driven company. We see a fundamental structural change happening in the enterprise landscape where more and more customers are shifting from a Cap-Ex driven captive print infrastructure to an Op-Ex led Managed Print Services, thereby reaping the benefits of lower costs, enhanced productivity, mobile/cloud printing, user-based accounting and security features, effective print governance via SLA assurance and single point of accountability,” said Vishal Awal, executive director – Services, Xerox South Asia.

“The market has lately seen enterprises in India using MPS to identify waste and reduce costs related to printing. This expertise is now available to businesses of all sizes ultimately reducing costs and maximizing efficiency in the print environment. Having witnessed the scope, more and more enterprises tend to partner with large solution providers to simplify, better manage and reduce the cost of their print infrastructure” said Milan Sheth, Partner, Business Advisory Services, E&Y India.

MPS segment has gained momentum in the last few years as enterprises have started to transition from Capex to Opex business mode of printing. An estimated USD 100-120 million remains untapped due to the supply and demand side barriers out of which PSEs remains largely untapped. The report highlights how business processes and IT systems integration will become increasingly important in the near future.

BFSI and Telecom, being early adopters, will continue to dominate MPS spend in years to come.

Contribution of Manufacturing (Automobile, FMCG & other manufacturing) is expected to increase slightly by 2014 from current 20-22 percent.

Contribution from Healthcare and Energy & Utilities sector is currently low due to low level of privatisation of these sectors.

Contribution from other verticals (Media & Entertainment, Travel, Transportation, Hospitality & Logistics, Construction & Real Estate and Government & Education) is currently less than 3-4 percent and is likely to remain low in coming years.

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