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Printers Market to grow by USD 11.25 Billion from 2025-2029, driven by rising demand from SMEs, Report on market evolution powered by AI – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global printers market size is estimated to grow by USD 11.25 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  3.5%  during the forecast period. Rising demand for printers from SMES is driving market growth, with a trend towards increasing adoption of 3d technology in printer. 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., KYOCERA Corp., Lenovo Group Ltd., Lexmark International Inc., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., and Zebra Technologies Corp..

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Printers Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 3.5%

Market growth 2025-2029

USD 11246.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.4

Regional analysis

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

Performing market contribution

APAC at 52%

Key countries

US, China, Germany, Japan, UK, India, South Korea, France, Brazil, and Italy

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., KYOCERA Corp., Lenovo Group Ltd., Lexmark International Inc., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., and Zebra Technologies Corp.

Market Driver

The printing market is experiencing significant trends with the rise of mobile printing, color printing, and packaging printing. Entry-level printers like A4 printers are popular, while cloud-based computing and software solutions are essential for businesses. The ecosystem of inks includes inkjet printing with solvent, water-based, UV-based, and LED inks, impact printers using ink-soaked cloth ribbons, and toner-based printers. Digital printing dominates, with multi-functional printers offering managed print services, digital features, and security features. The home printer market includes printers for text and images on computers, paper, and various printing media. Printers are electronic tools used for producing hardcopies of documents, photos, and computer peripherals. Ink cost, printing interruptions, and ink cartridges are crucial factors. Environmental concerns include the use of heavy metals, pollution, and carbon emissions, with efforts towards ocean-bound plastic and environmental sustainability. Security and automation are essential, with AI, ML, and data analytics playing a role. UV-cured inks, thermal printers, and printer interfaces are also trends. 

The global printers market is witnessing a notable shift towards 3D printing technology. Initially, it was primarily used for prototyping. However, it has now evolved into a mainstream manufacturing tool, providing unmatched versatility and customization. Industries like healthcare, aerospace, automotive, and architecture are embracing this technology. In healthcare, 3D printing is used to create patient-specific medical implants, prosthetics, and surgical models, enhancing patient care. In aerospace and automotive sectors, it enables production of lightweight, complex parts with reduced lead times and costs, improving performance and fuel efficiency. In architecture and construction, 3D printing streamlines design and building processes through rapid prototyping and intricate structure creation. 

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Market Challenges

The printing market faces several challenges in today’s business landscape. With the rise of mobile devices, mobile printing solutions are in high demand. Color printing, packaging printing, and digital printing are key areas of growth, while traditional analog printing technologies are declining. Entry-level products like A4 printers and multifunction printing devices are popular in the home printer market. Cloud-based computing and software ecosystems are transforming the industry, with ink cost and ink tank printers being major considerations. Inkjet printing uses solvent, water-based, UV-based, and LED inks, while toner is common in laser printers. Ink cost, ink subscriptions, and ink guarantees are crucial factors for businesses. Environmental concerns include the use of heavy metals and pollution from printing processes, carbon emissions, and energy use. Companies like TVS Electronics are addressing these challenges with product enhancements, digital integration, and environmental sustainability initiatives using ocean-bound plastic. Security features, including AI, ML, data analytics, and automation, are essential for managing print jobs and securing sensitive documents. Security experts warn of vulnerabilities and recommend managed print services for businesses. The global printer market includes various types of printers, from standalone printers to multifunctional systems, wired and wireless, monochrome and color, and enterprise and residential models.The global printers market may experience hindrance in growth due to the increasing digitization trend across industries. With the rise of internet users, smartphone penetration, and improved communication network infrastructure, enterprises are shifting towards digital channels for advertising and sharing information. Instead of printed materials like brochures, catalogs, annual reports, and manuals, businesses are opting for their electronic versions. For instance, digital copies of telephone bills have replaced their hard copies. This shift towards digitization is transforming business practices and may impact the printers market negatively.

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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 laser printing, a laser beam is used to induce charges, enabling precise printing. This technology caters to various applications, including variable data and wide-format printing. Laser printing boasts advantages over inkjet and LED printing, such as faster speeds, consistent line width, and lower running costs due to the use of dry ink. Primarily used in offices for accuracy and precision, laser printers have gained popularity in enterprises due to their efficiency. Key growth factors include the emergence of compact laser printers, enterprise demand for A4 and A3 multifunction printers, and declining laser printer prices. Manufacturers aim to penetrate the consumer market, traditionally dominated by inkjet printers. Despite steady enterprise demand, ink tank printers pose a challenge to the laser printing segment’s growth during the forecast period.

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Research Analysis

The printing market encompasses a wide range of technologies and products, including printers for text and image production. Mobile printing is a growing segment, enabling users to print from their smartphones and tablets. Color printing dominates the market, with advanced color management software and an ecosystem of inks ensuring vibrant and accurate results. Packaging printing is another significant area, utilizing various output technologies such as inkjet, solvent inks, and gravure. Entry-level products like A4 printers cater to individual and home office needs, while cloud-based computing and software solutions streamline the printing process. Printers connect to computers and other devices via data cables, USB, short-range radio, or Bluetooth. The hardware and electronic data interface facilitate the transfer of documents, photos, and other digital content for printing on various paper and printing media.

Market Research Overview

The printing market encompasses a wide range of printers and printing technologies, including mobile printing, color printing, packaging printing, and analog and digital printing. Entry-level products include A4 printers, while cloud-based computing, software, and an ecosystem of inks support advanced features. Inkjet printing uses solvent, water-based, UV-based, LED, and UV-cured inks, while toner is used in laser printers. Ink cost is a significant factor, with inkjet printer cartridges available in cyan, yellow, black, and magenta. Digital features and security are important considerations, with managed print services offering cost savings and environmental sustainability. Environmental impact includes the use of ocean-bound plastic and the reduction of heavy metals and carbon emissions. Printers serve various sectors, from residential and commercial to educational institutions and enterprises, with ink tank printers and multifunctional devices catering to diverse needs. Printers are essential electronic tools for producing text and images on paper, with computers and various peripherals, such as data cables, USB, short-range radio, Bluetooth, local area network, Ethernet, WiFi, memory cards, line printers, and control characters, facilitating their use. Printers are used in various industries, including e-commerce businesses, online grocery shopping, food ordering, and digital integration, with product enhancements and printing interruptions impacting their efficiency. Security experts address vulnerabilities, while automation, artificial intelligence (AI), and machine learning (ML) enable data analytics and improve efficiency. Environmental sustainability is a growing concern, with energy use and climate change impacting the industry. Printer interfaces support wired and wireless connections, and standalone printers and multifunction printers (MFPs) cater to different user needs. Single-use devices and network control are also essential considerations.

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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Solestial to be Featured in Google Workspace Big Game Commercial

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Space startup to represent Arizona in Google’s “50 States, 50 Stories” campaign

TEMPE, Ariz., Feb. 6, 2025 /PRNewswire/ — Tempe space startup Solestial, Inc. (“Solestial”), will be featured in a Google Workspace commercial scheduled to air Sunday February 9, on Fox networks in the Arizona market during America’s most-watched football game. The ad, which features Solestial CEO Stan Herasimenka and other employees, showcases the cutting-edge solar technology for space being developed by Solestial and how the company is using Google’s AI tool, Gemini.

The company was handpicked by Google to represent Arizona as part of its “50 States, 50 Stories” campaign, which features 50 small businesses from across the United States. Google’s goal for the 30-second ad was to select a wide array of businesses from different locations and industries and highlight the many ways customers, like Solestial, are using AI.

“We were honored to be selected from among many innovative Arizona technology companies for Google’s campaign. It’s every business’s dream to be featured in a commercial during football’s premier event,” said Solestial CEO, Stan Herasimenka. “We are hopeful that the media attention will increase awareness of our next-generation silicon solar technology within the space industry, federal agencies, and the military. Beyond that, our team is really looking forward to seeing the commercial air on game day. It’s a company milestone none of us will ever forget.”

Solestial’s Google Workspace commercial, and all “50 states, 50 stories” commercials, are available on the Google Workspace website and on YouTube.

About Solestial

Solestial exists to deliver abundant energy in space. The company’s breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at operating temperatures as low as 65°C. Solestial solar cells are packaged in an ultrathin, low-mass, flexible solar power module designed to withstand up to 10 years in a variety of destinations in space. The flexible solar power modules can be produced on automated machines resulting in lower production costs than traditional III-V multijunction solar products.

From today’s satellite constellations and research projects to tomorrow’s lunar settlements and services in space, Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, scalable solution to power sustained development. Solestial is a US company manufacturing solar cells and flexible solar power modules in Tempe, Arizona. Investors include space industry leaders including AE Ventures and Airbus Ventures. To learn more, visit the Solestial website or follow Solestial on social media.

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SOURCE Solestial, Inc.

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Lumen Technologies to Attend Investor Conferences

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DENVER, Feb. 6, 2025 /PRNewswire/ — Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will attend the following investor conferences:

JP Morgan Global High Yield & Leveraged Finance Conference on February 25.Raymond James Annual Institutional Investors Conference on March 3.Morgan Stanley Technology, Media & Telecom Conference on March 4.Deutsche Bank Annual Media, Internet & Telecom Conference on March 11.New Street BCG Connectivity Conference on March 26.

Live webcast links to each of the investor presentations will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.

About Lumen Technologies 
Lumen is unleashing the world’s digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.  

For additional news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.  

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SOURCE Lumen Technologies

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ASAP Utilities wins ‘Best Microsoft Excel Add-in’ Award at the Global Excel Summit 2025

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LONDON, Feb. 6, 2025 /PRNewswire/ — ASAP Utilities has won the ‘Best Microsoft Excel Add-in’ award at the Global Excel Summit 2025. The winners were chosen through a comprehensive process that included public nominations, expert evaluations by a panel of leading Excel experts, and final voting by the global Excel community.

The Global Excel Summit, the world’s largest event for Excel users and experts, brings together thousands from around the world to share ideas, improve skills, and learn about the latest trends in Excel.

The Global Excel Awards, organized by the Global Excel Summit, celebrate excellence within the Excel community across five categories. ASAP Utilities won in the ‘Best Microsoft Excel Add-in’ category for its many tools that extend Excel’s capabilities, enhancing productivity and efficiency. Other awards categories include Rising Star in the Excel Industry, Most Innovative Use of Excel, Best LAMBDA, and Best Global Excel Summit 2025 In-Person Session.

“Winning this award is a tremendous honor and a significant compliment from the Excel community. Since 1999, we have been committed to helping Excel users by continuously developing tools that save time and perform tasks that Excel alone cannot,” said Bastien Mensink, the founder of ASAP Utilities.

Helping Excel users worldwide

Nearly a million users rely on ASAP Utilities, an essential tool for Excel users worldwide. It is also one of the few Excel add-ins available in ten languages, making it accessible to users everywhere.

ASAP Utilities is available in two editions, so everyone can benefit from working faster and accomplishing more in Excel. The Home & Student Edition is free for personal use, for students, and for charitable organizations like UNICEF and the Red Cross. The Business Edition is a one-time purchase for companies and government organizations, with a fully functional 90-day free trial to try all the features.

For more information about the Global Excel Awards, visit:  https://globalexcelsummit.com/global-excel-awards

For more information about ASAP Utilities, visit:  https://www.asap-utilities.com

Website:  https://www.asap-utilities.com

Photos which are free to use for editorial purposes can be downloaded via:  https://www.asap-utilities.com/media

Trustpilot reviews:  https://www.trustpilot.com/review/www.asap-utilities.com

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