Global Managed Print Service Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Publisher Name :
Date: 12-Feb-2020
No. of pages: 108

Market Overview

The global Managed Print Service market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.

The Managed Print Service market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

Market segmentation

Managed Print Service market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Managed Print Service market has been segmented into:

- Printer/Copier Manufacturers

- Independent Software Vendors (ISVS)

- System Integrators/Resellers

By Application, Managed Print Service has been segmented into:

- BFSI

- Education

- Government

- Healthcare

Regions and Countries Level Analysis

Regional analysis is another highly comprehensive part of the research and analysis study of the global Managed Print Service market presented in the report. This section sheds light on the sales growth of different regional and country-level Managed Print Service markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Managed Print Service market.

The report offers in-depth assessment of the growth and other aspects of the Managed Print Service market in important countries (regions), including:

- North America (United States, Canada and Mexico)

- Europe (Germany, France, UK, Russia and Italy)

- Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

- South America (Brazil, Argentina, Colombia)

- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Landscape and Managed Print Service Market Share Analysis

Managed Print Service competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Managed Print Service sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Managed Print Service sales, revenue and market share for each player covered in this report.

The major players covered in Managed Print Service are:

Xerox

Sharp

Ricoh

HP

Samsung

Canon

Kyocera

Lexmark

Konica Minolta

ARC Document Solutions

Global Managed Print Service Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Table of Contents

1 Managed Print Service Market Overview
1.1 Product Overview and Scope of Managed Print Service
1.2 Classification of Managed Print Service by Type
1.2.1 Global Managed Print Service Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Global Managed Print Service Revenue Market Share by Type in 2019
1.2.3 Printer/Copier Manufacturers
1.2.4 Independent Software Vendors (ISVS)
1.2.5 System Integrators/Resellers
1.3 Global Managed Print Service Market by Application
1.3.1 Overview: Global Managed Print Service Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 BFSI
1.3.3 Education
1.3.4 Government
1.3.5 Healthcare
1.4 Global Managed Print Service Market by Regions
1.4.1 Global Managed Print Service Market Size by Regions: 2015 VS 2019 VS 2025
1.4.2 Global Market Size of Managed Print Service (2015-2025)
1.4.3 North America (USA, Canada and Mexico) Managed Print Service Status and Prospect (2015-2025)
1.4.4 Europe (Germany, France, UK, Russia and Italy) Managed Print Service Status and Prospect (2015-2025)
1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Managed Print Service Status and Prospect (2015-2025)
1.4.6 South America (Brazil, Argentina, Colombia) Managed Print Service Status and Prospect (2015-2025)
1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Managed Print Service Status and Prospect (2015-2025)
2 Company Profiles
2.1 Xerox
2.1.1 Xerox Details
2.1.2 Xerox Major Business and Total Revenue (Financial Highlights) Analysis
2.1.3 Xerox SWOT Analysis
2.1.4 Xerox Product and Services
2.1.5 Xerox Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.2 Sharp
2.2.1 Sharp Details
2.2.2 Sharp Major Business and Total Revenue (Financial Highlights) Analysis
2.2.3 Sharp SWOT Analysis
2.2.4 Sharp Product and Services
2.2.5 Sharp Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.3 Ricoh
2.3.1 Ricoh Details
2.3.2 Ricoh Major Business and Total Revenue (Financial Highlights) Analysis
2.3.3 Ricoh SWOT Analysis
2.3.4 Ricoh Product and Services
2.3.5 Ricoh Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.4 HP
2.4.1 HP Details
2.4.2 HP Major Business and Total Revenue (Financial Highlights) Analysis
2.4.3 HP SWOT Analysis
2.4.4 HP Product and Services
2.4.5 HP Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.5 Samsung
2.5.1 Samsung Details
2.5.2 Samsung Major Business and Total Revenue (Financial Highlights) Analysis
2.5.3 Samsung SWOT Analysis
2.5.4 Samsung Product and Services
2.5.5 Samsung Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.6 Canon
2.6.1 Canon Details
2.6.2 Canon Major Business and Total Revenue (Financial Highlights) Analysis
2.6.3 Canon SWOT Analysis
2.6.4 Canon Product and Services
2.6.5 Canon Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.7 Kyocera
2.7.1 Kyocera Details
2.7.2 Kyocera Major Business and Total Revenue (Financial Highlights) Analysis
2.7.3 Kyocera SWOT Analysis
2.7.4 Kyocera Product and Services
2.7.5 Kyocera Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.8 Lexmark
2.8.1 Lexmark Details
2.8.2 Lexmark Major Business and Total Revenue (Financial Highlights) Analysis
2.8.3 Lexmark SWOT Analysis
2.8.4 Lexmark Product and Services
2.8.5 Lexmark Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.9 Konica Minolta
2.9.1 Konica Minolta Details
2.9.2 Konica Minolta Major Business and Total Revenue (Financial Highlights) Analysis
2.9.3 Konica Minolta SWOT Analysis
2.9.4 Konica Minolta Product and Services
2.9.5 Konica Minolta Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
2.10 ARC Document Solutions
2.10.1 ARC Document Solutions Details
2.10.2 ARC Document Solutions Major Business and Total Revenue (Financial Highlights) Analysis
2.10.3 ARC Document Solutions SWOT Analysis
2.10.4 ARC Document Solutions Product and Services
2.10.5 ARC Document Solutions Managed Print Service Revenue, Gross Margin and Market Share (2018-2019)
3 Market Competition, by Players
3.1 Global Managed Print Service Revenue and Share by Players (2015-2020)
3.2 Market Concentration Rate
3.2.1 Top 5 Managed Print Service Players Market Share
3.2.2 Top 10 Managed Print Service Players Market Share
3.3 Market Competition Trend
4 Market Size by Regions
4.1 Global Managed Print Service Revenue and Market Share by Regions
4.2 North America Managed Print Service Revenue and Growth Rate (2015-2020)
4.3 Europe Managed Print Service Revenue and Growth Rate (2015-2020)
4.4 Asia-Pacific Managed Print Service Revenue and Growth Rate (2015-2020)
4.5 South America Managed Print Service Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Managed Print Service Revenue and Growth Rate (2015-2020)
5 North America Managed Print Service Revenue by Countries
5.1 North America Managed Print Service Revenue by Countries (2015-2020)
5.2 USA Managed Print Service Revenue and Growth Rate (2015-2020)
5.3 Canada Managed Print Service Revenue and Growth Rate (2015-2020)
5.4 Mexico Managed Print Service Revenue and Growth Rate (2015-2020)
6 Europe Managed Print Service Revenue by Countries
6.1 Europe Managed Print Service Revenue by Countries (2015-2020)
6.2 Germany Managed Print Service Revenue and Growth Rate (2015-2020)
6.3 UK Managed Print Service Revenue and Growth Rate (2015-2020)
6.4 France Managed Print Service Revenue and Growth Rate (2015-2020)
6.5 Russia Managed Print Service Revenue and Growth Rate (2015-2020)
6.6 Italy Managed Print Service Revenue and Growth Rate (2015-2020)
7 Asia-Pacific Managed Print Service Revenue by Countries
7.1 Asia-Pacific Managed Print Service Revenue by Countries (2015-2020)
7.2 China Managed Print Service Revenue and Growth Rate (2015-2020)
7.3 Japan Managed Print Service Revenue and Growth Rate (2015-2020)
7.4 Korea Managed Print Service Revenue and Growth Rate (2015-2020)
7.5 India Managed Print Service Revenue and Growth Rate (2015-2020)
7.6 Southeast Asia Managed Print Service Revenue and Growth Rate (2015-2020)
8 South America Managed Print Service Revenue by Countries
8.1 South America Managed Print Service Revenue by Countries (2015-2020)
8.2 Brazil Managed Print Service Revenue and Growth Rate (2015-2020)
8.3 Argentina Managed Print Service Revenue and Growth Rate (2015-2020)
9 Middle East & Africa Revenue Managed Print Service by Countries
9.1 Middle East & Africa Managed Print Service Revenue by Countries (2015-2020)
9.2 Saudi Arabia Managed Print Service Revenue and Growth Rate (2015-2020)
9.3 UAE Managed Print Service Revenue and Growth Rate (2015-2020)
9.4 Egypt Managed Print Service Revenue and Growth Rate (2015-2020)
9.5 South Africa Managed Print Service Revenue and Growth Rate (2015-2020)
10 Market Size Segment by Type
10.1 Global Managed Print Service Revenue and Market Share by Type (2015-2020)
10.2 Global Managed Print Service Market Forecast by Type (2019-2024)
10.3 Printer/Copier Manufacturers Revenue Growth Rate (2015-2025)
10.4 Independent Software Vendors (ISVS) Revenue Growth Rate (2015-2025)
10.5 System Integrators/Resellers Revenue Growth Rate (2015-2025)
11 Global Managed Print Service Market Segment by Application
11.1 Global Managed Print Service Revenue Market Share by Application (2015-2020)
11.2 Managed Print Service Market Forecast by Application (2019-2024)
11.3 BFSI Revenue Growth (2015-2020)
11.4 Education Revenue Growth (2015-2020)
11.5 Government Revenue Growth (2015-2020)
11.6 Healthcare Revenue Growth (2015-2020)
12 Global Managed Print Service Market Size Forecast (2021-2025)
12.1 Global Managed Print Service Market Size Forecast (2021-2025)
12.2 Global Managed Print Service Market Forecast by Regions (2021-2025)
12.3 North America Managed Print Service Revenue Market Forecast (2021-2025)
12.4 Europe Managed Print Service Revenue Market Forecast (2021-2025)
12.5 Asia-Pacific Managed Print Service Revenue Market Forecast (2021-2025)
12.6 South America Managed Print Service Revenue Market Forecast (2021-2025)
12.7 Middle East & Africa Managed Print Service Revenue Market Forecast (2021-2025)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
14.3 Disclaimer
14.4 About US

List of Tables

Table 1. Global Managed Print Service Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Managed Print Service by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Managed Print Service Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Global Market Managed Print Service Revenue (Million USD) Comparison by Regions 2015-2025
Table 5. Xerox Corporate Information, Location and Competitors
Table 6. Xerox Managed Print Service Major Business
Table 7. Xerox Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 8. Xerox SWOT Analysis
Table 9. Xerox Managed Print Service Product and Solutions
Table 10. Xerox Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 11. Sharp Corporate Information, Location and Competitors
Table 12. Sharp Managed Print Service Major Business
Table 13. Sharp Managed Print Service Total Revenue (USD Million) (2018-2019)
Table 14. Sharp SWOT Analysis
Table 15. Sharp Managed Print Service Product and Solutions
Table 16. Sharp Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 17. Ricoh Corporate Information, Location and Competitors
Table 18. Ricoh Managed Print Service Major Business
Table 19. Ricoh Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 20. Ricoh SWOT Analysis
Table 21. Ricoh Managed Print Service Product and Solutions
Table 22. Ricoh Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 23. HP Corporate Information, Location and Competitors
Table 24. HP Managed Print Service Major Business
Table 25. HP Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 26. HP SWOT Analysis
Table 27. HP Managed Print Service Product and Solutions
Table 28. HP Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 29. Samsung Corporate Information, Location and Competitors
Table 30. Samsung Managed Print Service Major Business
Table 31. Samsung Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 32. Samsung SWOT Analysis
Table 33. Samsung Managed Print Service Product and Solutions
Table 34. Samsung Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 35. Canon Corporate Information, Location and Competitors
Table 36. Canon Managed Print Service Major Business
Table 37. Canon Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 38. Canon SWOT Analysis
Table 39. Canon Managed Print Service Product and Solutions
Table 40. Canon Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 41. Kyocera Corporate Information, Location and Competitors
Table 42. Kyocera Managed Print Service Major Business
Table 43. Kyocera Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 44. Kyocera SWOT Analysis
Table 45. Kyocera Managed Print Service Product and Solutions
Table 46. Kyocera Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 47. Lexmark Corporate Information, Location and Competitors
Table 48. Lexmark Managed Print Service Major Business
Table 49. Lexmark Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 50. Lexmark SWOT Analysis
Table 51. Lexmark Managed Print Service Product and Solutions
Table 52. Lexmark Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 53. Konica Minolta Corporate Information, Location and Competitors
Table 54. Konica Minolta Managed Print Service Major Business
Table 55. Konica Minolta Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 56. Konica Minolta SWOT Analysis
Table 57. Konica Minolta Managed Print Service Product and Solutions
Table 58. Konica Minolta Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 59. ARC Document Solutions Corporate Information, Location and Competitors
Table 60. ARC Document Solutions Managed Print Service Major Business
Table 61. ARC Document Solutions Managed Print Service Total Revenue (USD Million) (2017-2018)
Table 62. ARC Document Solutions SWOT Analysis
Table 63. ARC Document Solutions Managed Print Service Product and Solutions
Table 64. ARC Document Solutions Managed Print Service Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 65. Global Managed Print Service Revenue (Million USD) by Players (2015-2020)
Table 66. Global Managed Print Service Revenue Share by Players (2015-2020)
Table 67. Global Managed Print Service Revenue (Million USD) by Regions (2015-2020)
Table 68. Global Managed Print Service Revenue Market Share by Regions (2015-2020)
Table 69. North America Managed Print Service Revenue by Countries (2015-2020)
Table 70. North America Managed Print Service Revenue Market Share by Countries (2015-2020)
Table 71. Europe Managed Print Service Revenue (Million USD) by Countries (2015-2020)
Table 72. Asia-Pacific Managed Print Service Revenue (Million USD) by Countries (2015-2020)
Table 73. South America Managed Print Service Revenue by Countries (2015-2020)
Table 74. South America Managed Print Service Revenue Market Share by Countries (2015-2020)
Table 75. Middle East and Africa Managed Print Service Revenue (Million USD) by Countries (2015-2020)
Table 76. Middle East and Africa Managed Print Service Revenue Market Share by Countries (2015-2020)
Table 77. Global Managed Print Service Revenue (Million USD) by Type (2015-2020)
Table 78. Global Managed Print Service Revenue Share by Type (2015-2020)
Table 79. Global Managed Print Service Revenue Forecast by Type (2021-2025)
Table 80. Global Managed Print Service Revenue by Application (2015-2020)
Table 81. Global Managed Print Service Revenue Share by Application (2015-2020)
Table 82. Global Managed Print Service Revenue Forecast by Application (2021-2025)
Table 83. Global Managed Print Service Revenue (Million USD) Forecast by Regions (2021-2025)

List of Figures

Figure 1. Managed Print Service Picture
Figure 2. Global Managed Print Service Revenue Market Share by Type in 2019
Figure 3. Printer/Copier Manufacturers Picture
Figure 4. Independent Software Vendors (ISVS) Picture
Figure 5. System Integrators/Resellers Picture
Figure 6. Managed Print Service Revenue Market Share by Application in 2019
Figure 7. BFSI Picture
Figure 8. Education Picture
Figure 9. Government Picture
Figure 10. Healthcare Picture
Figure 11. Global Managed Print Service Revenue (USD Million) and Growth Rate (2015-2025)
Figure 12. North America Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 13. Europe Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 14. Asia-Pacific Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 15. South America Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 16. Middle East and Africa Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 17. Global Managed Print Service Revenue (Million USD) and Growth Rate (2015-2025)
Figure 18. Global Managed Print Service Revenue Share by Players in 2019
Figure 19. Global Top 5 Players Managed Print Service Revenue Market Share in 2019
Figure 20. Global Top 10 Players Managed Print Service Revenue Market Share in 2019
Figure 21. Key Players Market Share Trend
Figure 22. Global Managed Print Service Revenue (Million USD) and Growth Rate (%) (2015-2020)
Figure 23. Global Managed Print Service Revenue Market Share by Regions (2015-2020)
Figure 24. Global Managed Print Service Revenue Market Share by Regions in 2018
Figure 25. North America Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 26. Europe Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 27. Asia-Pacific Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 28. South America Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 29. Middle East and Africa Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 30. North America Managed Print Service Revenue Market Share by Countries (2015-2020)
Figure 31. North America Managed Print Service Revenue Market Share by Countries in 2019
Figure 32. USA Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 33. Canada Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 34. Mexico Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 35. Europe Managed Print Service Revenue Market Share by Countries (2015-2020)
Figure 36. Europe Managed Print Service Revenue Market Share by Countries in 2019
Figure 37. Germany Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 38. UK Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 39. France Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 40. Russia Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 41. Italy Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 42. Asia-Pacific Managed Print Service Revenue Market Share by Countries (2015-2020)
Figure 43. Asia-Pacific Managed Print Service Revenue Market Share by Countries in 2019
Figure 44. China Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 45. Japan Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 46. Korea Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 47. India Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 48. Southeast Asia Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 49. South America Managed Print Service Revenue Market Share by Countries (2015-2020)
Figure 50. South America Managed Print Service Revenue Market Share by Countries in 2019
Figure 51. Brazil Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 52. Argentina Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 53. Middle East and Africa Managed Print Service Revenue Market Share by Countries (2015-2020)
Figure 54. Middle East and Africa Managed Print Service Revenue Market Share by Countries in 2019
Figure 55. Saudi Arabia Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 56. UAE Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 57. Egypt Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 58. South Africa Managed Print Service Revenue and Growth Rate (2015-2020)
Figure 59. Global Managed Print Service Revenue Share by Type (2015-2020)
Figure 60. Global Managed Print Service Revenue Share by Type in 2019
Figure 61. Global Managed Print Service Market Share Forecast by Type (2021-2025)
Figure 62. Global Printer/Copier Manufacturers Revenue Growth Rate (2015-2020)
Figure 63. Global Independent Software Vendors (ISVS) Revenue Growth Rate (2015-2020)
Figure 64. Global System Integrators/Resellers Revenue Growth Rate (2015-2020)
Figure 65. Global Managed Print Service Revenue Share by Application (2015-2020)
Figure 66. Global Managed Print Service Revenue Share by Application in 2019
Figure 67. Global Managed Print Service Market Share Forecast by Application (2021-2025)
Figure 68. Global BFSI Revenue Growth Rate (2015-2020)
Figure 69. Global Education Revenue Growth Rate (2015-2020)
Figure 70. Global Government Revenue Growth Rate (2015-2020)
Figure 71. Global Healthcare Revenue Growth Rate (2015-2020)
Figure 72. Global Managed Print Service Revenue (Million USD) and Growth Rate Forecast (2021-2025)
Figure 73. Global Managed Print Service Revenue (Million USD) Forecast by Regions (2021-2025)
Figure 74. Global Managed Print Service Revenue Market Share Forecast by Regions (2021-2025)
Figure 75. North America Managed Print Service Revenue Market Forecast (2021-2025)
Figure 76. Europe Managed Print Service Revenue Market Forecast (2021-2025)
Figure 77. Asia-Pacific Managed Print Service Revenue Market Forecast (2021-2025)
Figure 78. South America Managed Print Service Revenue Market Forecast (2021-2025)
Figure 79. Middle East and Africa Managed Print Service Revenue Market Forecast (2021-2025)
Figure 80. Sales Channel: Direct Channel vs Indirect Channel
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