Managed print services suggested as reason for decline in India printer market in Q1 2012.
Itvoir.com reports that the Indian printer market has suffered a decline of 13 percent in the page printer market and over 3.3 percent decline in the inkjet printer market in the first quarter of 2012, compared to that of 2011.
One of the reasons behind the market slump, according to an undisclosed research analyst, is the increase in MPS in the region, which has led to a reduction in the amount of printers used by businesses and individuals that is only expected to continue as the use of MPS spreads.
Developments in mobile devices such as smartphones and tablets is also mentioned as a significant factor in the market decline as people have less reason to print; along with slow consumer spending.
The article also states that there is “very little scope for new entrants” in the printer market, according to market watchers.
HP currently have the largest market share in India, with a 50 percent share, followed by Canon’s 21.8 percent share, Epson’s 9.8 percent share and Samsung’s 7.9 percent share.
Despite the decline in the page and inkjet printer markets, India’s MFP market was reported to have increased by 3.9 percent in the same quarter as price differences between MFPs and single-function printers narrowed.