Overview of the printer supplies market
The global printer supplies market is envisaged to witness slow growth and will reach a market value of more than USD 33 billion by 2020. The increasing demand for inkjet and wireless printers is one of the primary factors driving the growth of this market globally. The recent technological advances in the inkjet printing technology, including the invention of UV-curable inkjet printers, have resulted in greater speed, lower production costs, and a wider range of applications. Moreover, these technological innovations have made inkjet printers highly suitable for industrial scale production, particularly when buying criteria such as quality, cost, and durability is concerned. Also, the increasing demand for PCs and laptops in offices has a direct impact on the demand for printers. The introduction of cloud-based wireless printers allows sharing of printers on a network as well as integration with cloud systems, leading to its augmented adoption in the coming years.
In this industry research report, the analysts have deduced factors such as the growing demand for digital printing to impel this market’s growth prospects over the next four years. The rapid replacement of traditional printing methods with digital printing is anticipated to contribute to this market’s growth over the predicted period. In digital printing, there is no need to replace printing plates while plates have to be repeatedly replaced in traditional printing methods. Therefore, digital printing has several advantages such as quicker turnaround time and lower cost and provides customers with more flexibility, greater inventory turnover, and higher profitability.
Segmentation by type of sales and analysis of the printer supplies market
During 2015, the OEM segment dominated the market and accounted for more than 82% of
Overview of the global production printer market
Technavio’s market research analysts have estimated that the global production printer market will grow steadily at a CAGR of almost 2% by 2020. The rise in demand for high-speed inkjet production printing is considered to be one of the primary growth drivers for this market. High-speed inkjet printing is becoming a mainstream technology for printing transactional documents and due to the rise in POD (print on demand) services, book publishers are also shifting towards digital printing technology. Since high-speed ink jet printers use water-based inks, publishers can retain the same quality as that of the four color offset printed A4 page at a much reduced printing weight. Moreover, high-speed inkjet printers are faster and offer higher efficiency that increases the demand for this market among publishers.
Though offset printing is more economical, digital printing technology is more reliable and offer increased productivity that makes them cost-effective over higher print runs. Also, digital printers do not require a film and plate making process that aids in printing quickly, which reduces turnaround time. As a result, printing presses are using a combination of both the technologies to optimize output and minimize unit costs. This market study identifies this rise in demand for digital production printing as one of the primary trends that will gain traction in this market during the forecast period.
Segmentation by product type and analysis of the production printer market
- Offset printing
- Digital printing
During 2015, the offset printing segment dominated the production printer market and accounted for almost 82% of the total market share. This industry study report envisages that due to benefits such as shorter run lengths and faster turnaround time, the market share of digital printing
Global outlook of the laser distance meter market
Market research analysts at Technavio have predicted that, in terms of revenue, the global laser distance meter market will grow steadily at a CAGR of more than 1% by 2020. The increasing number of floor plan apps is considered to be one of the major factors that will contribute to the growth of this market. Vendors are constantly looking to integrate laser distance meters with office workstations on a real-time basis and as a result, few vendors have developed mobile applications that enable users to connect to the laser distance meters with their smartphones and tablet computers. Compared to manual measurements, these mobile apps assist users to record measurements of real world objects with better precision, ease, and speed and also helps save time and manpower while increasing work efficiency. Availability of such apps will induce more professionals to connect to the laser distance meters, which will, in turn, propel the adoption of such devices in the coming years.
The increasing customer demand and pricing pressure will lead to intense competition in the market and will compel organizations to start focusing more on their strategic competitiveness. This emphasis on strategic competitiveness helps enterprises to develop new competitive strategies and develop their unique selling proposition. The integration of laser digital meters with mobile apps allows vendors to analyze the consumer requirement. Additionally, It generates massive data to run consumer analytics to identify and retain consumers and also allows end-users to digitally record measurements in computing devices.
Competitive landscape and key vendors
The market is driven by the constant upgradation of both hardware and software and is consolidated with a few major players. One of the
Overview of the global Bluetooth beacon devices market
Technavio’s research analyst predicts the global Bluetooth beacon devices market to grow at a staggering CAGR of around 223% by 2020. Bluetooth beacons are mostly used in the retail sector like supermarkets and department stores to track inventory and also to offer discounts to consumers based on their buying patterns. Bluetooth beacons combined with mobile app technology has also helped many companies to increase sales. These devices are expected to revolutionize many sectors of industry with customizable features offered by BLE technology. Manufacturers are working on making these devices more compatible with all mobile platforms.
Bluetooth beacon devices are proving very useful to online retailers as more customers are using mobile apps to shop for every type of imaginable product. Retailers can provide a convenient and customized shopping experience to buyers by suggesting products and also with streamlining the payment process. Both of these work seamlessly and the need for beacon devices is expected to rise during the forecast period. These devices are very inexpensive to manufacture, and since they are compatible with most platforms, their adaptability and uses are endless.
End-user segmentation and analysis of the Bluetooth beacon devices market
Bluetooth beacon devices have been adapted quite well for use by the retail industry. These help retailers in every sector to keep track of customer preferences and send them information about discounted sales and loyalty points. Information is sent directly to a customer’s smartphone so that they can use the points or avail discounts the next time they are in the store. Surveys indicate that around 70% of shoppers use personalized messages generated by these beacons to make their purchasing decisions.
Overview of the global point of sale (POS) terminals market
Market research analysts at Technavio have predicted that the global point of sale (POS) terminals market will grow steadily at a CAGR of about 9% by 2020. Owing to the rising popularity of e-commerce, the recent years have witnessed an exponential increase in the number of online shoppers. The growing need to remain competitive, penetrate unfamiliar markets, meet increasing demands from customers, and respond to changing customer needs have compelled vendors to focus on having an online sales sector for their business. Few vendors are also focusing on completely replacing their physical stores with digital sales channels. This preference for e-commerce has led to the rapid increase in e-commerce transactions, which will, in turn, have a positive impact on the growth of the point of sales systems market.
This market research analysis identifies the wider adoption of contactless payment systems as one of the major trends that will gain traction in the POS system market in the coming years. Transactions using contactless payment systems take place with the help of near-field communication (NFC) technology. The issued cards carry a symbol that is unique to contactless payments and when placed near a contactless reader can accept payments within a second. They do not require a PIN to make payments to a certain limit and are considered to be the fastest mode of making payments.
Competitive landscape and key vendors
The market is witnessing a shift in vendor competition from mature markets in Europe to potential markets such as the US, India, China, and Brazil. End-users in developing economies demand low-
Overview of the global industrial radiography equipment market
Market research analysts at Technavio have predicted that the global industrial radiography equipment market will grow steadily at a CAGR of about 9% by 2020. This market research analysis identifies the increase in awareness to reduce radiation exposure as one of the primary growth factors for this market. Employees at oil and gas, aerospace and defense, and petroleum industries are constantly prone to radiation, and a safe working environment comes as the primary importance. This need to reduce radiation exposure has led governments to impose stringent regulations on radiation exposure. Countries normally use standards such as the American Society of Mechanical Engineers (ASME), American Petroleum Institute (API), and European Standards (EN) and conduct regular inspections to monitor industrial safety measures. Radiography equipment helps to exponentially reduce radiation exposure, which will increase the market demand.
End-users do not have radiographic testing equipment normally test their products at the vendor’s location. The introduction of fully automated, versatile, and easy to use portable radiography equipment reduces operational costs and is expected to generate interest among end-users. Since users have the facility to test their products at any location, the demand for portable radiography equipment is expected to increase gradually during the forecast period.
Segmentation by technology and analysis of the industrial radiography equipment market
- Film-based radiography
- Digital radiography
During 2015, the digital radiography segment accounted for about 68% of the total market share and dominated this market. The estimated increase in the need for faster imaging techniques will increase the demand for film-less digital X-ray
Since the desktop PC, there has been a slew of devices that have been introduced into the market, from smartphones to laptops to tablets. One by one, these devices have revolutionized the way individuals work. They have created a more mobile workforce, creating more global businesses.