Press Release

Global Mobile and Portable Printers Market to Cross $ 10 Billion by 2023

Growing BYOD trend and expanding online and offline retail market coupled with increasing demand for eco-friendly and cloud printing solutions to drive global mobile/portable printers market through 2023 

According to TechSci Research report, Global Mobile/Portable Printers Market By Technology, By Output, By End User, By Region, Competition Forecast & Opportunities, 2013 – 2023, the mobile/portable printers market, globally, is forecast to surpass $ 10 billion by 2023. The key factors that are anticipated to drive the market include rising demand for advanced, easy-to-use and portable printing solutions, growing e-commerce and third-party logistics sectors, expanding mobile workforce population and increasing demand for improved mobility solutions. Moreover, surging internet and smartphone penetration, demand for cloud printing solutions to ease the process of printing coupled with increasing trend of Bring Your Own Device would propel demand for mobile/portable printers, which are compact in size and capable of performing various tasks, simultaneously.

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By technology, thermal printers dominated the global mobile/portable printers market in 2017 and the trend is expected to continue during the forecast period, owing to their affordable prices, ease of usage and high efficiency. Backed by a huge population base, robust retail and logistics sectors, and increasing government efforts, especially across major developing economies, towards encouraging domestic manufacturing and exports, Asia-Pacific is anticipated to generate huge demand for mobile/portable printing solutions in the coming years. Moreover, the region’s mobile/portable printers market is anticipated to be supported by government initiatives towards traffic management and digitalization. Retail sector is the largest end user of mobile/portable printers across the globe, owing to increasing penetration of e-commerce along with growth of brick and mortar retail outlets.

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“With increasing demand for smart mobile printers across various sectors due to their high-speed processor and large memory, the global mobile/portable printers market is growing at a robust pace. Furthermore, strong demand for the installation of automated tolling systems by various governments to increase operational efficiencies at national highways and expanding transportation systems would also positively influence the market over the course of next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Mobile/Portable Printers Market By Technology, By Output, By End User, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the mobile/portable printers market and has also provided the statistics and information on the market structure, size, share and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities existing in the market.

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