IDC forecasts market to reach ¥73.6 billion in 2017, growing 16.2 percent CAGR between 2012 and 2017.
Results for Japan’s MPS market in 2012 and a forecast for 2013 to 2017 have been published by IDC, with findings showing that the market reached ¥34.69 billion ($352 million/€265.4 million) for a year-over-year growth rate of 17.5 percent in 2012, and the firm forecasting that it will continue to grow at a compound annual growth rate (CAGR) of 16.2 percent between 2012 and 2017, when it is expected to reach ¥73.6 billion ($747.2 million/€563.4 million).
IDC explains that MPS has been expanding worldwide, particularly in the US and Western Europe, and more recently in the Asia Pacific; while hardcopy peripherals (HCP) vendors have been “deploying MPS aggressively” in Japan due to the HCP market struggling, and MPS users who have been impacted by tough economic conditions expect it to reduce their print costs and enhance employee productivity.
During 2013, IDC expects the market to reach ¥40.03 billion ($406.7 million/€306.6 million) for a 15.4 percent year-over-year growth rate, with growth driven by intensified competition between vendors for companies with 1,000 to 4,999 employees which is expected to cause “greater vigour in the market and more activities to promote product understanding” among such companies.
Eiji Ishida, Group Manager, Imaging, Printing and Document Solutions at IDC Japan, said: “The Japan MPS market will continue to expand steadily in 2013, especially in the large-enterprise segment. Given that MPS has not penetrated the Japan market to a great extent, it still has a lot of room for growth. It will be necessary for MPS vendors to provide high value-added services, leveraging the strong relationships they have established with user companies through MPS delivery.”