Technology

Printers Market to Grow by USD 10.65 Billion (2024-2028), Driven by Rising SME Demand, with Market Insights Powered by AI – Technavio

Published

1 year ago

November 18, 2024

NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation – 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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Printers Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.46%

Market growth 2024-2028

USD 10.65 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.32

Regional analysis

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

Performing market contribution

APAC at 52%

Key countries

US, China, Japan, Germany, and UK

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.

Market Driver

The printing market is thriving with trends like mobile printing, color printing, and packaging printing leading the way. Printers, whether inkjet or laser, are essential electronic tools for producing text and images on paper from computers. Inkjet printing uses solvent, water-based, UV-based, or LED inks, while toner is used in laser printers. The cost of ink is a significant factor, with inkjet printer cartridges and ink tank printers offering cost-effective solutions. Analog printing, such as dot matrix and impact printers, are being replaced by digital printing, including line printers and multifunction printers (MFPs). MFPs offer digital features and security, making them popular in residential, commercial, educational, and enterprise settings. Managed print services help businesses optimize their printing needs. Cloud-based computing and software ecosystems facilitate digital integration, enabling users to print from Dropbox, Google Drive, and other platforms. The home printer market includes wired and wireless printers, with MFPs offering various connectivity options like USB, data cable, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, and WiFi. The global printer market is vast, with various types of printers catering to diverse industries, from e-commerce businesses and online grocery shopping to food ordering and Point of Sale (POS) terminals, cash registers, and ATMs. Environmental concerns are increasingly important, with some companies using ocean-bound plastic in their printers and focusing on reducing their carbon footprint and energy use. Advancements in technology include artificial intelligence (AI), machine learning (ML), and data analytics, enabling automation and security features. Security experts are addressing vulnerabilities, ensuring data privacy and confidentiality. The future of printing is sustainable, with a focus on environmental impact, reducing heavy metals and pollution, and minimizing carbon emissions.

The printer market is experiencing a notable shift with the increasing adoption of 3D printing technology. Initially used for prototyping, this technology has expanded into mainstream manufacturing. In healthcare, it produces patient-specific medical implants, prosthetics, and surgical models, enhancing patient care. In aerospace and automotive sectors, 3D printing creates lightweight, complex parts with reduced lead times and costs, improving aircraft and automobile performance and fuel efficiency.

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Market Challenges

The printing market faces several challenges in the current business landscape. Printers, including A4 printers and multifunction printing devices, must keep up with advancements such as mobile printing and cloud-based computing. Color printing and packaging printing remain in demand, but ink cost and the ecosystem of inks, including inkjet, solvent, water-based, UV-based, and LED inks, continue to be a concern. Analog printing technologies like dot matrix and impact printers are being replaced by digital printing, which offers digital features and security. Environmental impact is a growing concern, with companies exploring ocean-bound plastic and other sustainable solutions. Printers serve various industries, from residential and commercial to educational institutions and enterprises. Ink tank printers, toner, and ink cartridges are essential components, with cost per page and ink subscriptions being key considerations. Printers are essential electronic tools for producing text and images on paper from computers and other devices. They use various output technologies like thermal, inkjet, and laser, and connect via data cables, USB, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, WiFi, and memory cards. Printing markets are expanding with the digital integration of e-commerce businesses, online grocery shopping, food ordering, and other applications. Product enhancements, such as managed print services, security features, and environmental sustainability, are crucial. Printing processes contribute to carbon emissions and have a carbon footprint, impacting climate change and energy use. Companies are exploring artificial intelligence (AI), machine learning (ML), and data analytics to improve automation and reduce vulnerabilities. Security experts focus on addressing potential vulnerabilities and ensuring data privacy.The global printer market may experience hindrance in growth due to the increasing digitization trend in various industries. With the rise of digital channels, enterprises are shifting towards electronic versions of documents, such as e-brochures, e-catalogs, and e-manuals, instead of printed materials. For instance, digital bills and statements have replaced their hard copy counterparts. The growing number of internet users, the increasing penetration of smartphones, and advancements in communication network infrastructure are driving the adoption of digital channels by businesses for promoting their products and services and sharing essential information. Digitization’s impact on the printer market is significant, making it essential for printer manufacturers to adapt and innovate to cater to evolving business needs.

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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 widely used non-impact printing technology that applies electrophotography or electrostatic charges for image production. In this process, a laser beam is utilized to induce charges, enabling precise printing. Laser printing caters to various applications, including variable data printing and wide-format printing. Compared to inkjet and LED printing, laser printing boasts advantages such as faster speed, consistent precision, and lower running costs due to the use of dry ink. Primarily employed in offices for their accuracy and efficiency, laser printers have seen increased demand from enterprises. In response, printer manufacturers like Ninestar Co. Ltd. Have expanded their laser printer offerings, such as the Elite Series launched in January 2021. Key factors driving the adoption of laser printing technology include the emergence of compact laser printers, the growing demand for A4 and A3 laser multifunction printers from businesses, and the declining average selling price of laser printers. However, the emergence of ink tank printers may hinder growth during the forecast period. Despite this, the demand for laser printing technology is expected to remain steady due to the continuous enterprise demand for laser multifunction printers.

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Research Analysis

The printing market encompasses various types of printers, including mobile, color, and packaging printing solutions. These printers cater to diverse needs, from entry-level A4 models to advanced industrial machines. The advent of cloud-based computing and software ecosystems has revolutionized the industry, enabling seamless integration with computers, mobile devices, and other digital tools. Printers now support multiple output technologies, such as inkjet and solvent inks, to produce high-quality text and images on various printing media. Hardware components like data cables, USB, and short-range radio technologies (Bluetooth) facilitate easy connectivity. Printers have evolved into electronic tools that transform digital documents, photos, and computer data into tangible outputs. Inkjet printing, with its ecosystem of inks, has gained significant popularity due to its versatility and affordability. Solvent inks, on the other hand, are preferred for packaging printing applications due to their durability and ability to adhere to different materials. Overall, the printing market continues to innovate, offering an extensive range of products to cater to the diverse needs of businesses and consumers alike.

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 solutions. Printers come in various forms, from A4 printers for home use to industrial-grade machines for commercial and enterprise applications. The market also includes inkjet, solvent, water-based, UV-based, and LED ink systems, each with its unique advantages and cost structures. Cloud-based computing and software ecosystems play a crucial role in the printing industry, enabling remote printing and managing print jobs. Digital features and security are essential considerations, with environmental sustainability becoming increasingly important. Ocean-bound plastic and other eco-friendly initiatives are gaining traction. Printers serve various industries, from residential and educational institutions to commercial enterprises and e-commerce businesses. They are used to print text and images on paper, computers, and other printing media, with various connectivity options such as data cables, USB, short-range radio, Bluetooth, Local Area Network (LAN), Ethernet, and WiFi. Printers are essential office equipment and computer peripherals, with various types, including line printers, copiers, multifunctional systems, and managed print services. The global printer market is diverse and constantly evolving, with new technologies like AI, ML, and data analytics driving product enhancements and automation. However, printers also have environmental impacts, including carbon emissions, energy use, and the use of heavy metals. Security is another critical concern, with vulnerabilities and the need for security experts to address potential threats. Overall, the printing market is a dynamic and complex ecosystem that continues to adapt to the changing needs of businesses and consumers.

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

Technology

Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

Published

2 hours ago

April 30, 2026

New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

Technology

Socomec, Daitron team up to meet Japan’s growing power demands

Published

2 hours ago

April 30, 2026

TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

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SOURCE Socomec

Technology

Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

Published

2 hours ago

April 30, 2026

Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.