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Printers Market size is set to grow by USD 10.65 billion from 2024-2028, Rising demand for printers from smes to boost the market growth, Technavio

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NEW YORK, July 22, 2024 /PRNewswire/ — The global printers market size is estimated to grow by USD 10.65 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  3.46%  during the forecast period.  Rising demand for printers from smes is driving market growth, with a trend towards increasing adoption of 3d technology in printers. However, increased digitization in enterprises  poses a challenge. Key market players include Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Laser, Inkjet, and Others), Type (Multifunction printers and Single function printers), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp.

Key Market Trends Fueling Growth

The global printer market is experiencing a notable trend with the increasing adoption of 3D printing technology. Initially used for prototyping, 3D printing has evolved into a mainstream manufacturing tool, providing unmatched versatility and customization capabilities. Industries like healthcare, aerospace, automotive, and architecture are embracing this technology for producing patient-specific medical implants, lightweight aircraft parts, complex automobile components, and intricate architectural models. The consumer market is also witnessing the emergence of low-cost desktop 3D printers, enabling individuals and small businesses to create custom products. Advancements in material sciences and 3D printing technology are driving further expansion across various application segments, fostering innovation, efficiency, and customization. This trend is anticipated to significantly boost the growth of the global printer market during the forecast period. 

The global printers market is witnessing notable trends in ink cost, technology advancements, and functional versatility. Traditional technologies like dot matrix printers using ink-soaked cloth ribbons are giving way to digital printing methods such as inkjet, laser, and LED. Multi-functional printers catering to home and business needs are increasingly popular. Companies like TVS Electronics offer a range of multifunction printing devices with digital features and security enhancements. Impact printers continue to serve industries requiring hardcopy records, including POS terminals, cash registers, and ATMs. Line printers with control characters and special character sequences remain essential for large-scale data processing. The market growth is driven by the increasing demand for hardcopy peripheral units for text and image output from computers. Connectivity options like data cable, USB, short-range radio (Bluetooth), local area network (LAN), Ethernet, WiFi, and memory card readers expand the printers’ reach. Environmental concerns are influencing the market, with some manufacturers focusing on reducing their carbon footprint by using ocean-bound plastic in their products. The residential printer segment is growing, driven by the need for affordable and convenient printing solutions. 

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Market Challenges

The global printer market is expected to experience hindrance in growth due to the increasing digitization trend across various industries. With the rise of digital channels for advertising and sharing information, the demand for printed materials is decreasing. Enterprises are opting for electronic versions of documents such as e-brochures, e-catalogs, and e-annual reports instead of hard copies. Digitization has led to the emergence of cloud-based storage solutions, reducing the need for carrying and printing documents. Furthermore, mobile-based document scanners have also reduced the demand for scanner devices and multipurpose printers. Companies like Family Service Toronto and leading life insurance companies in India have digitized their paper documents to improve efficiency and productivity, reducing the dependency on printed documents. The pace of digitization is expected to accelerate in the forecast period, with enterprises adopting enterprise content management solutions and converting hard copies to digital format. This shift towards digitization will negatively impact the growth of the global printer market.The printers market faces several challenges in today’s business environment. Automation is a key trend, with security being a top concern. Security experts warn of vulnerabilities in printer interfaces, making it essential for manufacturers to prioritize security. Environmental sustainability is another challenge, with UV-cured inks and thermal printing gaining popularity due to their eco-friendliness. Technology type is another consideration, with thermal printing offering wired and wireless options, while MFPs offer more features like network control. Monochrome and color printers cater to different needs, with enterprise printers and residential printers serving distinct markets. Mobile printing and cloud-based computing are transforming the industry, requiring software compatibility and ecosystems of inks. Inkjet printing offers various ink types, including solvent, water-based, and UV-based inks, while LED inks are gaining traction. Standalone printers and single-use devices have their place, but the market is shifting towards more advanced technology. Staying updated on these trends and addressing these challenges is crucial for success in the printers market.

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Segment Overview 

This printers market report extensively covers market segmentation by

Technology 1.1 Laser1.2 Inkjet1.3 OthersType 2.1 Multifunction printers2.2 Single function printersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Laser-  Laser printing is a popular non-impact printing technology that utilizes electrophotography or electrostatic charges for image production. In this process, a laser beam is used to induce charges on a drum or belt, which then attracts toner particles and transfers them onto paper. Laser printing offers several advantages over other technologies, such as faster printing speeds, higher precision, and lower running costs due to the use of dry toner. Laser printers are commonly used in offices for their accuracy, speed, and ability to handle a wide range of applications, including variable data and wide-format printing. Manufacturers like Ninestar Co. Ltd. Have expanded their laser printer offerings in response to growing enterprise demand. For instance, in January 2021, Ninestar launched its Elite Series, featuring six models. Key factors driving the adoption of laser printing technology include the emergence of compact laser printers, increasing demand for A4 and A3 laser multifunction printers from enterprises, and the declining average selling price of laser printers. However, the growth of this segment may be hindered by the emergence of ink tank printers. Despite this, the demand for laser printing technology is expected to remain steady during the forecast period due to its benefits for businesses.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global 3D printer market is experiencing significant growth, driven by advancements in technology and increasing adoption across various industries. In parallel, the global commercial printing market continues to expand, with digital printing leading the charge. Additionally, the global metal material-based 3D printing market is booming, fueled by demand from aerospace, automotive, and healthcare sectors. These markets are collectively transforming manufacturing processes, enhancing efficiency, and enabling complex designs that were previously unattainable. As innovation progresses, the future of these printing markets looks increasingly promising.

Research Analysis

The printing market encompasses a wide range of technologies and products, from printers for text and images on paper to mobile printing solutions. Color printing has become the norm, with advancements in inkjet technology leading the way. Packaging printing is another significant segment, utilizing various output technologies like solvent inks for large-format applications. Entry-level printers, such as A4 models, cater to individual and small business needs. Cloud-based computing and software play essential roles in the ecosystem, enabling seamless printing from computers, devices, and even mobile phones. Hardware components include printers, paper, and various connectivity options like data cables, USB, and short-range radio technologies such as Bluetooth. The printer functions as an electronic tool, converting electronic data into tangible outputs like text, images, and documents on paper.

Market Research Overview

The printing market encompasses various types of printers, including mobile, color, packaging, and entry-level printers. Printers utilize different output technologies such as inkjet, solvent, water-based, UV-based, and LED inks. Ink cost is a significant factor in the market, with digital printing and cloud-based computing offering cost-effective solutions. The ecosystem of inks includes a range of colors like cyan, magenta, yellow, and black. Analog printing technologies like dot matrix and impact printers are being replaced by digital printing, which offers faster turnaround times and greater versatility. Multi-functional printers and managed print services are becoming increasingly popular in both residential and commercial settings. Printers can be connected to computers and other devices via data cables, USB, short-range radio, Bluetooth, local area network, Ethernet, WiFi, and memory cards. Line printers and copiers are used in commercial and enterprise environments, while home printers cater to individual consumers. The global printer market is segmented into inkjet, laser, and LED printers, with applications in residential, commercial, educational institutions, and enterprises. Environmental impact is a growing concern, with some companies exploring the use of ocean-bound plastic in their products. Printers are essential electronic tools used to convert electronic data into hardcopy outputs, enabling the production of text, images, and other documents on paper or other printing media. They are an essential computer peripheral and office equipment, with digital features and security features becoming increasingly important.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyLaserInkjetOthersTypeMultifunction PrintersSingle Function PrintersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Viettel Group and Vietnam’s Government Cipher Committee Unveil Security Chip Embedding Vietnamese Cryptography in Silicon

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HANOI, Vietnam, Nov. 3, 2026 /PRNewswire/ — Vietnam’s Government Cipher Committee and Viettel Group have unveiled VGC v1.0, a security chip integrating a domestically developed cryptographic algorithm directly into silicon, alongside the country’s first domestically designed secure semiconductor platform.

The project addresses concerns over potential data exposure associated with reliance on imported chips. By embedding cryptographic functions directly into hardware, Vietnam’s Government Cipher Committee and Viettel Group aim to strengthen Vietnam’s control over the design and verification of technologies used to protect sensitive information.

VGC v1.0 contains 300 million transistors in a 10 × 10 mm package and is fabricated using a 28-nanometre CMOS process. In performance tests, it performed encryption and decryption approximately 15 times faster than a software-only solution carrying out the same tasks. The first batch passed technical tests and received certification for socio-economic applications in the first quarter of 2026. Technical safeguards were also applied to protect the design before fabrication, reducing risks of information leakage and reverse engineering.

The Government Cipher Committee’s M2 unit established security requirements, developed the cryptographic algorithm and defined evaluation criteria, while Viettel Semiconductor Center designed and implemented the chip. Based on the open RISC-V instruction set architecture, the underlying platform enables Vietnamese engineers to modify processor designs and reuse established verification processes for future chip generations.

VGC v1.0 has already seen initial deployment in secure USB storage devices for Party, government and defence agencies. Planned applications include supporting Vietnam’s national digital signature certification system, which has more than two million digital certificates in circulation. Other potential uses span financial data protection, connected cameras and sensors, and critical infrastructure systems in electricity, water, oil and gas, and telecommunications. Products intended to protect state secrets would require further testing and certification under applicable standards.

“Researching, designing and developing secure semiconductor chips is a formidable challenge, requiring years of accumulated expertise, technological capabilities and highly skilled talent. Yet we believe that starting later does not mean accepting dependence on others. With the right strategy, focused resources and sustained commitment, we can steadily close the gap and move towards mastering technologies of strategic importance to our country,” said Lieutenant General Tao Duc Thang, Chairman and CEO of Viettel Group.

At the launch, the Vietnam’s Government Cipher Committee and Viettel Group signed an agreement covering plans for volume production, multicore security chips, specialist workforce development and testing on real devices. Viettel is also building a semiconductor fabrication plant in Hoa Lac as part of broader efforts to develop domestic capabilities across chip design, manufacturing and packaging.

Beyond the initial chip, the initiative establishes a foundation for future generations of security hardware, supporting Vietnam’s long-term efforts to reduce technological dependence and strengthen control over critical digital technologies.

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SOURCE Viettel Group

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USDGO Plus SP Among First Products on OSL’s Instant Redemption

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Eligible professional investors redeeming units of USDGO Plus SP through OSL may receive redemption proceeds on the same day, subject to OSL’s eligibility criteria and applicable terms and conditions

HONG KONG, Nov. 3, 2026 /PRNewswire/ — Units of PrimePlus SPC – USDGO Plus SP held via OSL are included in the initial batch of products covered by Instant Redemption, a feature OSL Group announced on 2 November 2026 for tokenised real-world asset (RWA) products on its licensed platform.

Eligible professional investors redeeming designated products through OSL may receive their redemption proceeds on the same day, subject to OSL’s eligibility criteria, product coverage and applicable terms and conditions. Designated products may also be subscribed for and redeemed in USDGO.

USDGO Plus SP is a segregated portfolio of PrimePlus SPC, a Cayman Islands segregated portfolio company registered with CIMA as a mutual fund. Under the co-operation framework of 2WA and OSL, fund units stay in custody via OSL, 2WA does not custody client fund units, and Instant Redemption is an OSL platform feature*.

OSL continues to provide custody and distribution for USDGO Plus SP. Instant Redemption does not change the fund’s redemption terms, registration status, offering documents, risk disclosures or investor eligibility requirements.

*Instant Redemption is only available to investors on the OSL platform who qualify as professional investors.

About 2WA

2WA is a real-world asset (RWA) and digital asset technology development company focused on expanding the utility of regulated assets. 2WA applies blockchain technology, including tokenization, to broaden how regulated assets such as fund units and listed equities are held, used and mobilized. Throughout, the underlying assets remain with licensed custodians. 2WA’s objective is to create new use cases for these assets and, in doing so, enhance their overall value for investors and institutions.

USDGO sits at the core of 2WA’s business. As an active contributor to the USDGO ecosystem, 2WA uses USDGO as the primary settlement and liquidity asset across its RWA products, and works alongside partners to broaden its adoption, deepen its liquidity and support the long-term growth of its ecosystem. For more information, visit https://2wa.io

About OSL

OSL Group (HKEX: 863) is a global stablecoin infrastructure company that strives to provide compliant and efficient digital financial infrastructure services globally, empowering enterprises, financial institutions and individuals to seamlessly exchange, pay, trade, and settle between fiat and digital currencies. Grounded in the core values of Open, Secure, and Liquid, it is committed to building a more efficient ecosystem that connects global markets and enables instant, seamless and compliant value movement worldwide. For media inquiries, please contact: media@osl.com

Media contacts

2WA: media@2wa.io
OSL: media@osl.com

Disclaimer

This press release is for information purposes only. It does not constitute an offer, solicitation, recommendation or inducement to buy, sell or otherwise deal in any digital asset, security or other financial product, and it is not financial, investment, legal, tax, accounting or other professional advice and should not be relied on as such. Views expressed do not necessarily reflect the official positions of OSL Group or its affiliates. Descriptions of products and services are for general reference only, and participation is subject to applicable terms, conditions and regulatory requirements. This press release may contain forward-looking or indicative information; actual outcomes may differ materially, and none of OSL Group, 2WA, PrimePlus SPC or their respective affiliates undertakes any obligation to update it.

USDGO Plus SP has not been authorised by the Securities and Futures Commission under section 104 of the Securities and Futures Ordinance (Cap. 571) (SFO), and its offering documents have not been reviewed by any regulatory authority in Hong Kong. Interests in USDGO Plus SP may be offered in Hong Kong only to professional investors, and only on the basis of the fund’s offering documents. Investing in digital asset funds involves significant risks, including the possible loss of the entire amount invested. Market-neutral strategies do not eliminate risk, and funding rates may turn negative. Past performance is not indicative of future results.

Instant Redemption is a feature of OSL’s platform. Its availability is subject to OSL’s eligibility criteria, limits and platform terms, and may be changed, suspended or withdrawn at any time. It does not amend the redemption terms of USDGO Plus SP and is not a guarantee of liquidity or of the return of any amount invested.

This press release is intended only for “professional investors” as defined in the SFO and its subsidiary legislation, must not be distributed or used in any jurisdiction where doing so would breach applicable laws, and does not constitute active marketing to the public in Hong Kong. Readers are responsible for complying with the laws of their own jurisdiction. The stablecoins referred to in this press release may be “specified stablecoins” under the Stablecoin Ordinance (Cap. 656); their issuers and OSL Digital Securities Limited (OSLDS) are not licensed under that Ordinance to conduct regulated stablecoin activities in Hong Kong. OSLDS is a permitted offeror under that Ordinance and offers such products in Hong Kong only to clients it has verified and accepted as professional investors.

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SOURCE 2WA

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THE KOREA INDUSTRY DAILY: ROBOTWORLD 2026 to Spotlight Physical AI and AI-Driven Manufacturing With 402 Exhibitors From 17 Countries

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Rainbow Robotics, Neuromeka and Samhyun to exhibit Nov. 4–7 near Seoul; NVIDIA and Qualcomm to participate in conference

GOYANG, South Korea, Nov. 3, 2026 /PRNewswire/ — ROBOTWORLD 2026 will bring together 402 companies from 17 countries at the Korea International Exhibition Center (KINTEX) Nov. 4–7. The 1,198-booth exhibition will explore how Physical AI and AI-driven manufacturing systems are being developed for industrial applications.

International exhibitors will include Taiwan’s Advantech, Japan’s FANUC and China’s Booster Robotics, PAXINI and Unitree. A Canadian delegation of 10 technology companies will participate in the exhibition and conference, while companies from India and Bangladesh will exhibit at ROBOTWORLD for the first time.

The International Robot Business Conference 2026 will extend the discussion of industrial applications through 36 sessions on Nov. 4–5. Its three tracks — Manufacturing AX (AI transformation), Humanoid with Physical AI and Mobility — will address AI adoption in production, robot intelligence and mobility across industrial and service environments. The Manufacturing AX track will feature presentations by representatives from Qualcomm and Advantech, while a speaker from NVIDIA will present in the Humanoid with Physical AI track. Qualcomm will also sponsor the exhibition.

According to the International Federation of Robotics’ World Robotics 2026 report, global industrial robot installations reached a record 603,307 units in 2025, marking an 11% increase from the previous year and surpassing 600,000 units for the first time. Asia accounted for 76% of all newly installed industrial robots, with 457,315 units installed, up 14% year-on-year. Global installations are forecast to reach 655,000 units in 2026, reflecting the continued expansion of industrial automation.

Against this industrial backdrop, the exhibition will explore Physical AI technologies that enable robots to perceive their surroundings, assess conditions and perform physical tasks. Korean exhibitors will address both task intelligence and the platforms and components that enable movement and manipulation.

Rainbow Robotics will exhibit its RBY mobile humanoid and RBQ quadruped series, while Neuromeka will present its Physical Skill Foundation (PSF) technology alongside the EIR humanoid and NAMI mobile humanoid platforms. Neuromeka describes PSF as supporting task execution involving unfamiliar objects and changing work environments. Samhyun will showcase its AXLON actuator series for robot joint actuation, torque control and linear motion, together with the BOLDUM autonomous transport robot for industrial material handling with payloads of up to 3 metric tons.

Beyond individual robots, the exhibition will examine AI-driven manufacturing through systems that combine collaborative robots, autonomous mobile robots (AMRs), machine vision and manufacturing software. Exhibitors will demonstrate how process data and material flows can inform robot and equipment operations across production processes.

Humanoid, food-tech and healthcare pavilions will provide focused views of these technologies and their applications. The newly established humanoid pavilion will cover complete robots, actuators, reducers, sensors, controllers and AI software. The food-tech pavilion will feature cooking, serving and kitchen automation. The returning healthcare pavilion will cover surgical, rehabilitation, wearable and care robots, as well as hospital logistics.

Business programs will connect the technology presentations with opportunities for procurement, exports and investment. Export and procurement matchmaking sessions will run Nov. 4–6, with suppliers and prospective buyers matched in advance for one-to-one meetings. A seminar on entering international markets will be held on Nov.5 providing practical information on certification requirements in different countries.

Global Scale-up Day on Nov. 6 will be open to small and medium-sized enterprises as well as startups in AI and robotics seeking investment and growth capital. Conducted entirely in English, the program will bring together venture capital firms, accelerators, strategic investors and M&A specialists.

“With increased participation by global companies and the addition of national and special pavilions, we hope this year’s exhibition will showcase the capabilities of Korean robotics companies and expand opportunities for practical cooperation between Korean and international businesses,” a ROBOTWORLD representative said.

ROBOTWORLD 2026 will take place at KINTEX Exhibition Center 1, Halls 3–5, in Goyang. Information on exhibitors, conference sessions and business programs are available at https://eng.robotworld.or.kr/.

About ROBOTWORLD

ROBOTWORLD is an international robotics exhibition covering industrial and service robots, core components, AI software and manufacturing automation solutions, alongside a conference and business programs. ROBOTWORLD 2026 is hosted by South Korea’s Ministry of Trade, Industry and Resources (MOTIR) and jointly organized by the Korea Association of AI Robot Industry (KAR), the Korea Institute for Robot Industry Advancement (KIRIA) and the Institute of Control, Robotics and Systems (ICROS).

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SOURCE THE KOREA INDUSTRY DAILY

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