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Technavio Announces Top Five Vendors in the Global Multifunction Printer Market from 2016 to 2020Technavio has announced the top five leading vendors in their recent global multifunction printer market (MFP) 2016-2020 report. This research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period. According to Technavio's report, the global MFP market is expected to post a CAGR of over 5% by 2020. MFPs are attracting huge demand worldwide, especially from the IT sector where a large portion of the work is related to sharing information and documents. The flexibility of MFPs helps firms to get documents on and off the network without increasing costs. These devices are reliable, user-friendly, efficient, and provide good-quality output. Competitive vendor landscape Though the global MFP market is led by only a few players, the competition in the market is expected to intensify due to the increasing presence of service providers along with SMBs and micro-businesses. Vendors are expected to increase their portfolios by offering products with unique features to emerging markets like APAC, where customers are price sensitive and prefer long life span. "Vendors such as HP, Canon (News - Alert), and Epson are gradually expanding their business in emerging nations such as India and China, thus increasing competition in the market. Market shares will vary based on region and printer type," says Navin Rajendra, a lead analyst from Technavio's computing devices research team. Top five global multifunction printer market vendors Canon Canon markets, develops, and manufactures printers, MFPs, laser printers, digital production printing systems, and document solutions. In FY2014, Canon spent USD 2.92 billion toward R&D and generated revenue of USD 35.31 billion. Canon develops its printing products by using full-photolithography inkjet nozzle engineering (FINE) technology. FINE technology enables the company to achieve improvements in gradation expression, image quality, and stability. It uses print head manufacturing technologies using nano-precision semiconductor exposure equipment. For MFPs, FINE technology adopts electric field control technology for simple architecture and improved image quality. This decreases the size of MFPs by arranging toner cartridges horizontally instead of vertically. HP HP offers PCs, imaging and printing-related products, networking products, enterprise IT infrastructure (enterprise servers and storage technology), and multi-vendor customer services. HP develops its printers with toner cartridges that are equipped with the JetIntelligence toner chemistry technology. It also offers a customized printing solution by using its HP thermal inkjet printing technology. HP offers HP LaserJet Pro MFPs, HP LaserJet Enterprise MFPs, and HP LaserJet Enterprise Flow MFPs products. Seiko Epson Seiko Epson develops, manufactures, and sells information-related equipment, electronic devices, MFPs, printers, and precision products. In FY2015, the company generated USD 9.83 billion in revenue. The company develops its printers by using next-generation print head technology, PrecisionCore, which offers superior output quality and durability. The company's main products in the market include WorkForce All-in-One Printers, WorkForce Pro 8000 Series Muntifunction Printers, Expression EcoTank Supertank All-in-one printers, and Expression Home All-in-One Printers. Brother International Brother International offers printers, all-in-one or multifunction solutions, fax machines, labeling solutions, scanners, home sewing and embroidery solutions, mobile printers, industrial garment printers, and industrial sewing machines. In FY2015, the company spent around USD 386.7 million on R&D activities and generated revenue of USD 6.43 billion. The company uses advanced capillary tube printing technology in its inkjet MFPs. The toner and drum system is used for its laser products. Samsung offers mono-laser printers, mono MFPs, color laser printers, color MFPs, and A3 MFPs. In FY2014, the company generated USD 185.8 billion in revenue. The company offers MFPs by using its improved NFC printing technology and empowers its Smart MultiXpress series MFPs with limitless printing app scalability on the Android (News - Alert) OS. The Smart MultiXpress series MFP constitutes the industry's first application of haptic technology. The 14 other prominent vendors listed in Technavio's report include Lexmark, Panasonic, Dell (News - Alert), Oki Data, Ricoh, Xerox, Kyocera, Kodak, Konica Minolta, Olivetti, Sharp, Toshiba, Sindoh, and UTAX. Browse Related Reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160121005044/en/ |
