The printers' market is expected to reach USD 6.01 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the printers' market in optimistic, probable, and pessimistic forecast scenarios.
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.
Type o Multifunction Printers o Single Function Printers
Geography o APAC o Europe o North America o South America o MEA
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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Market positioning of vendors
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