Global Multi-function Printer Security Market 2016-2020

Global outlook of the multi-function printer security market

Technavio’s market research analysts predict the global multi-function printer security market to grow steadily during the forecast period and also estimate the market to post a CAGR of more than 9% by 2020. This industry research report identifies the changing business environment to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the evolution of communications technology and automation, companies across the globe experienced an increase in the number of business-related documents that needed printing. Since the use of the right hardware alone will not serve document-management purposes, organizations are constantly in the need of software-driven, multi-functional office devices. As multi-function printers can integrate document management, they play a major role in providing a complete document solution and will witness a rapid increase in their demand, which in turn, will augment the demand for printer security solutions.

End-users have started focusing on building centralized multi-function printers and printing services which will help companies reduce operational costs associated with buying printers, cartridges, and other related support services. Moreover, centralized printing setups also consume less power and provide easy access to high-speed printing, faxing, copying, and scanning capabilities, which will increase their adoption in the coming years.

Competitive landscape and key vendors

Characterized by the presence of several vendors, the global multi-function printer market appears to be highly fragmented. Competitive pricing is one of the major strategies used by vendors to increase their customer base, which results in price wars that greatly affect vendor performance. Additionally, national and local economic conditions and demographic trends also affect the performance of vendors. Due to the presence of several vendors, the competitive environment in the market is intense. Players mainly compete on the basis of several factors such as technology, distribution channel, and global brand presence and also focus on establishing relationships with their customers to sustain market competition.

The leading vendors in the market are -

• Brother International
• Canon
• HP
• Xerox
• Ricoh

The other prominent vendors in the market are ARC Document Solutions, Epson, Konica Minolta, KYOCERA Document Solution, Lexmark International, OKI Data corporation, Pitney Bowes, PrinterCorp, Sharp, and Toshiba.

Segmentation by deployment type and analysis of the multi-function printer security market

• Managed security services
• In-built security

Managed security services are third party services for managing and monitoring printer services such as document management, data encryption, and print access control. Due to their ease of deployment and management, the recent years witnessed an increase in the adoption of managed security services among enterprises. This trend is expected to continue during the next few years as well and this segment will dominate the market throughout the forecast period.

Geographical segmentation and analysis of the multi-function printer security market

• Americas
• APAC
• EMEA

In terms of geographical regions, the Americas was the major revenue contributor during 2015 and this mainly attributed to the high concentration of vendors and the large deployment of multi-function printers in enterprises that resulted in the deployment of multi-function printer security solutions. Rapid advances in technology and an increase in the number of tech-savvy consumers with an awareness of security features, will propel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global printer security market?
• What are the key market trends impacting the growth of the global printer security market?
• What are the challenges to market growth?
• Who are the key vendors in the global printer security market?
• What are the market opportunities and threats faced by the vendors in the global printer security market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global printer security market?

Technavio also offers customization on reports based on specific client requirement.

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