Enterprises will go through the Response, Recovery, and Renew phases.
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The printers' market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Major Three Printers Market Participants:
Brother Industries Ltd.
Brother Industries Ltd. offers printers such as Inkjet, Lasser, Wifi, and other printers.
Canon Inc. offers PIXMA, MAXIFY, Laser, and other printers.
HP Inc. offers printers for several different setups such as home, micro, mini and other printers.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here to get a detailed market share analysis of market participants during the COVID-19 lockdown
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Printers Market 2021-2025: Segmentation
The printer's market is segmented as below:
o Multifunction Printers
o Single Function Printers
o North America
o South America
The printer market is driven by the growing demand for large-format printers from the textile and advertising industries. In addition, other factors such as the emergence of ink tank printers, improving capabilities of printers, focus on inorganic growth strategies are expected to trigger the printer's market toward witnessing a decelerating CAGR of over 2% during the forecast period.
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