Technology
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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2 years agoon
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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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Malaysia-China (Chengdu) Collaboration Opens New Doors for Local Businesses and Talent
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Technology partnerships explored in Kuala Lumpur could support Malaysia’s digital transformation, strengthen local capabilities and create new commercial opportunities.
KUALA LUMPUR, Malaysia, Nov. 6, 2026 /PRNewswire/ — Malaysian businesses and innovation organisations explored opportunities to strengthen their technology capabilities and develop new partnerships at a Malaysia–China (Chengdu) technology matchmaking event held in Kuala Lumpur, organised by Intrinsic SEA Sdn Bhd as part of the organising team.
Bringing together nearly 100 representatives from local businesses and innovation organisations alongside 10 Chengdu technology companies, the event focused on artificial intelligence, new energy, the digital economy and technology commercialisation.
For Malaysian participants, the central opportunity was to identify technologies suited to local needs, connect with potential implementation partners and explore collaborations that could benefit businesses, entrepreneurs and the wider workforce.
Hosted by the Chengdu Municipal Science and Technology Bureau and organised by the Tianfu International Technology Transfer Centre, with support from the Southeast Asia Advanced Manufacturing Science and Technology Council, the programme featured industry presentations, technology showcases, partnership signings and targeted business discussions.
Putting Malaysian Industry Needs First
Technology cooperation delivers value when it responds to the needs of the market in which it will be used. Discussions at the event therefore provided an opportunity for Malaysian participants to share their priorities and assess how proposed solutions might work locally.
Mohd Safuan Mohd Zairi, Chief Ecosystem Officer of the Malaysian Research Accelerator for Technology and Innovation (MRANTI), outlined Malaysia’s industry landscape and cooperation opportunities. He highlighted the potential to connect technology with practical applications through local innovation platforms and advance commercialisation.
Chengdu representatives introduced their city’s innovation ecosystem, while a presentation on Shuangliu district covered its aviation hub, research resources and strengths in electronic information and energy equipment.
These exchanges helped Malaysian participants better understand the expertise available and identify potential partners for projects requiring complementary capabilities.
Exploring AI, Training and Digital Business Solutions
The company showcases introduced technologies with potential applications across Malaysian industries, from business services and recruitment to tourism, property and workforce training.
Chengdu Minto Technology presented its WorkBrain AI agent model and supporting platforms, development tools and interactive terminals. Its presentation covered applications in tourism, education and enterprise services, providing a basis for discussions on AI-enabled business solutions.
Chengdu Haotuo Technology showcased solutions combining extended reality (XR) and AI, including immersive experiences, disaster and safety training, industrial training and digital exhibition spaces. These technologies opened discussions on potential applications in employee learning, visitor experiences and interactive business environments.
Malaysian companies also brought their own solutions and partnership priorities to the table.
Carijob Holdings presented AI-enabled recruitment and human resource services, including talent matching, résumé analysis, recruitment communication and application tracking. The company expressed interest in connecting Chengdu’s technical expertise with Malaysian businesses, educational institutions and talent networks through recruitment technology pilots and talent development.
Defendian Global introduced an integrated AI governance and cybersecurity platform, highlighting needs relating to data protection, impersonation and fraud risks, and security awareness and skills training.
The exchanges placed Malaysian companies in an active role as technology partners, local solution providers and contributors to future project development.
Partnerships with a Local Application Focus
Two agreements signed during the event established specific directions for collaboration in Malaysia.
Chengdu Minto Technology and Malaysia’s Pro Tech Info Sdn Bhd signed a strategic cooperation agreement covering an OPC technology foundation. Planned activities include AI entrepreneur recruitment, training and certification, and AI agent project delivery within an OPC community.
For Malaysia, these proposed activities could create pathways for local entrepreneurs and practitioners to develop practical AI skills and explore opportunities in technology services.
Sichuan Jianshan Technology and Malaysia’s Omnico Solutions Sdn Bhd signed an agreement covering digital property sales software services and channel cooperation. The partnership aims to support the localisation and application of digital sales gallery solutions in Malaysia.
Its progress will depend on further technical planning and implementation arrangements, including adapting the solution to local business requirements.
Both agreements provide a starting point for collaboration, with the next stage focused on translating commitments into workable projects.
Building Connections Beyond the Event
More than 40 targeted business discussions took place, resulting in 11 preliminary expressions of cooperation interest. Participants explored product applications, technical partnerships, distribution channels and project implementation.
These conversations allowed Malaysian businesses to communicate their requirements directly, assess potential partners and identify areas for further technical engagement.
The ASEAN AI Centre of Excellence also expressed interest in Chengdu’s AI industry and indicated plans to organise a business delegation to China (Chengdu) in 2027 to explore technologies with potential relevance to Malaysia.
The longer-term value of these exchanges will be measured by their local outcomes: useful solutions, stronger skills, successful implementation and sustainable business relationships.
By combining Malaysian market knowledge and industry networks with complementary technology expertise, the partnerships explored in Kuala Lumpur could help local businesses develop new capabilities and commercial opportunities. Continued engagement will be essential to ensuring that cooperation delivers practical benefits for Malaysia’s businesses and talent.
About the Event
The event was hosted by the Chengdu Municipal Science and Technology Bureau and organised by Intrinsic SEA, in collaboration with the Tianfu International Technology Transfer Centre, with support from the Southeast Asia Advanced Manufacturing Science and Technology Council. The programme featured industry presentations, technology showcases, partnership signings and targeted business discussions.
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Latest data center combines liquid cooling, renewable energy and global connectivity to support next-generation computing demands
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Since entering Singapore in 2002, Equinix has expanded from a single data center to six facilities, creating one of Asia-Pacific’s most densely interconnected digital infrastructure hubs. Equinix’s Singapore operations connect enterprises to a rich ecosystem of cloud, IT, financial services, communications, media and technology providers, while supporting connectivity to global markets through more than 17 subsea cable systems.
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About Equinix
Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI—quickly, efficiently and everywhere.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, risks to our business and operating results related to the current inflationary environment; foreign currency exchange rate fluctuations; stock price fluctuations; increased costs to procure power and the general volatility in the global energy market; the challenges of building and operating IBX® and xScale® data centers, including those related to sourcing suitable power and land, and any supply chain constraints or increased costs of supplies; the challenges of developing, deploying and delivering Equinix products and solutions; unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; risks related to regulatory inquiries or litigation; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent and upcoming Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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HONG KONG, Nov. 6, 2026 /PRNewswire/ — Longbridge Group, an AI-native financial technology company, today announced the appointment of Henry Zhong as Chief Executive Officer of Long Bridge HK Limited (“Longbridge Hong Kong”), effective immediately. Zhong will lead the Group’s securities business in Hong Kong and drive its strategic development.
Zhong joins from SPDB International, where he most recently served as Deputy Chief Executive Officer. His appointment follows that of Gavin Chia as Singapore and Regional CEO, Southeast Asia, in May 2026. Together they form a leadership team covering Longbridge’s two core growth corridors in Asia.
A Regional Platform Built for Scale
Asia is home to some of the world’s deepest pools of investable wealth and most active investor communities. Hong Kong sits at its centre: an international financial hub, a gateway for cross border capital and one of Asia’s most mature regulatory environments.
Investor behaviour across the region is changing quickly. Portfolios now span markets, asset classes and trading sessions, and investors have more information to process than ever before. They want platforms that offer market access together with institutional quality research, strong technology and tools that support well informed decisions.
Zhong’s appointment reflects Longbridge’s ambition to build the trusted infrastructure that connects investors, financial institutions, AI and global financial markets with Hong Kong at its core. It also marks the Group’s move into a new stage of growth, in which its technology and product innovation are matched by the governance, risk discipline and regulatory standards expected of a long established financial institution.
“As Longbridge enters its next phase, we are bringing in leaders who have built and run licensed businesses inside major financial institutions,” said Nowa Zhu, Group CEO & Co-Founder of Longbridge Group. “Henry has a strong track record in leading and scaling investment banking and securities businesses, as well as taking businesses from licence application to scale. He understands the needs of sophisticated investors, and he has operated at the highest regulatory standards throughout his career. That combination is exactly what we need to grow at scale, responsibly and sustainably.”
“Henry’s institutional experience, combined with Longbridge’s technology and AI capabilities, strengthens our foundation for long term growth in Hong Kong.”
A Banking Veteran Bets on AI-Native Investing
Zhong brings nearly two decades of experience spanning commercial banking, investment banking and securities, overseeing regulated activities across investment banking, securities brokerage, private wealth, research and FICC businesses.
That experience gave him a front-row view of how quickly financial services are changing. AI is reshaping how research is produced, how trading and advisory workflows operate, and how investors find, assess and act on opportunities. In his view, the next generation of financial leaders will be those that can combine institutional discipline and regulatory rigour with technology at scale.
“I have spent my career building licensed financial businesses and have seen firsthand where the traditional model is being redefined,” said Henry Zhong, CEO of Longbridge Hong Kong. “Investors today expect intelligence, speed and transparency that conventional platforms were not designed to deliver. Longbridge was built for this moment, with AI at its core and a clear commitment to operating to the highest regulatory standards. I chose Longbridge because it is where institutional experience and technology can create the most value for investors, and that is where I want to build the next chapter of my career.”
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Bringing Longbridge’s AI Capabilities to the Region
Longbridge builds AI into its investment platform across research, market analysis and trading workflows, rather than treating it as a standalone feature. In 2025, the company became the world-first to introduce pre-market trading for selected U.S. stock options. In July 2026, it unveiled a broader suite of AI powered investment products and open technology platforms for investors and developers.
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Longbridge Group is an AI-native financial technology group building trusted infrastructure that connects investors, financial institutions, AI and global financial markets.
Its integrated ecosystem comprises Longbridge Securities, an AI-powered online brokerage; LongPort, an institutional-grade trading technology and infrastructure provider offering multi-market and multi-asset solutions; and Longbridge AI, a next-generation AI-native financial data and investing platform. Together, they are redefining how individuals and institutions access, understand and interact with financial markets.
Founded in 2019, Longbridge operates licensed financial businesses across multiple jurisdictions. It holds 22 financial regulatory licences or qualifications across the US, Hong Kong, Singapore and other markets, and has secured strategic investment from leading global financial institutions and investment firms.
Longbridge’s vision is to make investing a seamless part of how people use AI every day by building trusted infrastructure for the future of intelligent investing.
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