Mobile printer market booming
New research has indicated that the mobile printer market is growing.
According to figures from TechSci Research, the global portable printer market will be worth nearly $12 billion (£7.1 billion) in 2018.
In the past, traditional printers have been the driving force of the global IT infrastructure market. However, over recent years there has been a shift - powered by the rising consumer and business demand for greater flexibility - which has seen more portable machines grow in prominence. Other factors, such as the adoption of wireless technologies and cloud computing in printers, have further pushed demand for more mobile printers across the globe.
The retail sector is the driving force behind the growth of mobile and portable printers in the market, followed by the transportation and transit, and hospitality sectors. Recent growth has also been pushed by a rise in the number of companies doing business online retailing, allowing companies of all sizes to track sales, cash flow and information on stock keeping.
Karan Chechi, research director with TechSci Research, said: "Amongst all the printing technologies, the thermal based mobile/portable printers segment accounts for a major pie of the global market share in revenue terms, with the segment expected to maintain its dominance in the coming years." According to the report, the global mobile/portable printers market is going to be led by the Asia-Pacific markets in terms of revenue generated in the area, with Japan, China and Korea being the key contributors.
Although, other markets such as North America and Europe have seen stalled growth over the past few years - largely attributed to the weak economic climate, it is thought that this will change. In the Middle East and Africa, Turkey, Saudi Arabia, UAE, South Africa and Morocco offer the highest growth potential. Some of the biggest printing experts to tap into the growing trend are Brother and Toshiba, while Ricoh and Canon are among the names planning to expand their printing strategy.
Posted by Jamie Foster