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Printer market rebounds

By Phumeza Tontsi
Johannesburg, 11 Mar 2011

Printer market rebounds

The printer and copier market has rebounded to a new high since its decline in the global recession, according to market research firm IDC, writes The Inquirer.

In the final quarter of 2010, the market grew by 7% compared to the prior year, the highest it has been since 2007.

Multifunction printers saw an increase in market share of four points to 67%, as more people opt to include multiple home or office devices in one box. Inkjet printers are still the dominant technology in the industry, shipping 24.5 million units in the fourth quarter, amounting to a 67% market share.

Meanwhile, IEWY News reports that the combined serial inkjet and page printer, copier and multifunction product market in India totalled 681 142 units in the fourth quarter of 2010, a 10% increase from the fourth quarter of 2009, according to Gartner.

“With the growth in IT sector and overall consumer confidence, there has been a spur in IT spending including the small and medium-sized enterprises and government sectors.”

According to Business Standard, HP, Canon, Epson and Samsung continued to be the top four vendors, accounting for 94% of the total printer market in the fourth quarter of 2010.

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