LONDON--(BUSINESS WIRE)--The global multi-functional printer (MFP) market is expected to register a CAGR of more than 3% during the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
One of the key factors driving the growth of the market is the increasing demand for MFPs from the healthcare sector. As service providers in the healthcare sector are trying to adopt digital best practices to improve their service delivery, this sector has been witnessing significant changes. Therefore, MFP vendors are offering customized printing and communication solutions for the service providers due to the increasing demand from the healthcare sector.
This market research report on the global multi-functional printer market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing popularity of smart MFPs and LED technology MFPs as one of the key emerging trends in the global multi-functional printer market:
Global multi-functional printer market: Increasing popularity of smart MFPs and LED technology MFPs
A smart MFP provides an interactive user interface and touch functionality. Furthermore, it easily integrates with the office or home network and can be cloud-optimized. Smart MFPs are taking over the market share of regular MFPs. This includes both monochrome and color MFP segments, with the trend being evident for inkjet, laser, and LED MFP technologies prevailing in the market.
“Smart printers offer the tap, print, and go feature that allows users to integrate smartphones or tablets with the MFPs by using the Internet network or wireless connectivity feature. This permits greater access to cloud-based document solutions. In 2012, the LED-based MFPs were introduced to provide better resolution images, text, and content,” says a senior analyst at Technavio for research on computing devices.
Global multi-functional printer market: Segmentation analysis
This market research report segments the global multi-functional printer market by technology (laser MFP, inkjet MFP, and LED MFP) and geography (the Americas, APAC, and EMEA).
The laser MFP segment held the largest market share in 2017, accounting for over 79% of the market. This technology segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with close to 42% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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