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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