The multi-functional printer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Multi-Functional Printer Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The multi-functional printer market size has grown strongly in recent years. It
will grow from $30.69 billion in 2023 to $32.66 billion in 2024 at a compound
annual growth rate (CAGR) of 6.4%. The growth in the historic period can be
attributed to cost efficiency, office space optimization, environmental
concerns, and integration with digital workflows.
The multi-functional printer market size is expected to see strong growth in
the next few years. It will grow to $42.61 billion in 2028 at a compound annual
growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed
to remote work and collaboration tools, security features, IoT integration,
personalization and customization, AI, and automation. Major trends in the
forecast period include subscription-based models, cloud printing and storage
integration, eco-friendly innovations, augmented reality (AR) support, and edge
computing.
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Scope Of Multi-Functional Printer Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Multi-Functional Printer Market Overview
Market Drivers -
The increasing number of small and medium-scale businesses is expected to
propel the growth of the multi-functional printer market going forward. Small
and medium-sized enterprises (SMEs) are businesses that meet specific size
criteria, usually with at least 50 employees. The demand for small and
medium-scale businesses is growing due to the increasing trend for personalized
services tailored to consumers seeking distinctive products and customized
services. Multi-functional printers are used in small and medium-sized
enterprises (SMEs) to customize printing preferences based on specific
requirements, such as printing marketing materials, reports, or presentations.
For instance, in January 2021, according to Statistics Canada, a Canada-based
Government agency, more than 315,000 small businesses were operating in rural
and small town (RST) areas in 2021, constituting 15.3% of all small businesses
in Canada. There was a 5.2% rise in the total number of small RST businesses,
with significant expansion observed in the educational services sector (+17.4%)
and the health care and social assistance industry (+10.4%) between 2020 and
2021. Therefore, the increasing number of small and medium-scale businesses is
driving the growth of the multi-functional printer market.
Market Trends -
Major companies operating in the network telemetry market focus on the
development of technologically advanced solutions such as cloud solutions
designed to accelerate autonomous operations. This platform enables real-time
monitoring and analysis of network traffic, which is essential for
organizations to ensure network security, detect threats, and optimize
performance. For instance, in March 2023, Altice Labs SA, a Portugal-based
telecommunication equipment company, launched the NOSSIS one network telemetry
platform, a cloud solution designed to accelerate autonomous operations for
digital service providers (DSPs). This platform aims to enable networks to run
autonomously with minimal human intervention by leveraging autonomic processes.
The NOSSIS one platform integrates the Altaia network mediation framework and
supports advanced network data collection, emphasizing the importance of
virtual, programmable networks and self-orchestrated OSS systems.
The multi-functional printer market covered in this report is segmented –
1) By Product: Color Multi-functional Printer, Monochrome Multi-functional
Printer
2) By Technology: LED Multi-function Printer, Laser Multi- function Printer,
Inkjet Multi-function Printer
3) By Application: Corporate, SMB, SOHO, Other Applications
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Regional Insights -
North America was the largest region in the multi-functional printer market in
2023. The regions covered in the multi-functional printer market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
Key Companies -
Major companies operating in the multi-functional printer market are Samsung
Electronics Co Ltd, Panasonic Corporation, Lenovo Group Limited, Canon Inc,
Hewlett Packard Enterprise Development LP, Toshiba Corporation, Sharp
Corporation, Ricoh Company Ltd, KYOCERA Corporation, Konica Minolta Business
Solutions, Xerox Corporation, Seiko Epson Corporation, Lexmark International
Inc, BOBST Group SA, Star Flex International, Eastman Kodak Company, Shanghai
Printyoung International Industry Co Ltd, PANTUM Electronics Co Ltd, Wenzhou
Daba Machinery Co Ltd, BFM Srl, KBA-Flexotecnica SpA, UTECO Converting SpA,
Comexi Group Industries SAU, Mark Andy Inc, Brother Industries Ltd, Nilpeter
A/S
Table of Contents
1. Executive Summary
2. Multi-Functional Printer Market Report Structure
3. Multi-Functional Printer Market Trends And Strategies
4. Multi-Functional Printer Market – Macro Economic Scenario
5. Multi-Functional Printer Market Size And Growth
…..
27. Multi-Functional Printer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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