Global Mobile/Portable Printers Market to Cross USD13 Billion by 2020
Booming retail sector, rapid growth in mobile workforce and increasing IT spending to drive global mobile/portable printers through 2020
According to TechSci Research report, “Global Mobile/Portable Printers Market Opportunities and Forecast, 2020”, the mobile/portable printersmarket is projected to exceed USD13 billion through 2020, globally. Asia-Pacific is the largest regional market in global mobile/portable printers market, with demand mainly emanating from China, India, Japan, Indonesia and Korea. Booming retail & logistics sectors, growing e-commerce sales, shifting focus towards intelligent transportation systems (ITS),booming hospitality sector, coupled with improvement in overall economic conditions are factors fueling growth in global mobile/portable printers market.
Advancements in wireless technology & cloud computing, and integration of these technologies in mobile printing solutions coupled with growth in mobile workforce and rising demand for compact and portable printers are the key factors propelling growth in global mobile/portable printers market. In 2014, retail was the leading end user segment in global mobile/portable printers market, followed by transportation & transit and hospitality sectors. Growing air travel and railway equipment & supply industries has also generated a huge demand for handheld ticketing mechanisms that use mobile/portable printers. Seiko Epson, Toshiba TEC, Zebra Technologies, Brother Industries and Citizen Systems are few of the leading players operating currently in the global mobile/ portable printers market.
“The global mobile/portable printers market is dominated by the thermal printing technology.Thermal mobile/portable printers are being preferred over ink jet and impact mobile/portable printers, as they eliminate the need for ribbon or cartridges to print and employ thermal paper for printing. As a result, they reduce replacement or refilling cost associated with traditional printers. Additionally, increasing online retail sales, growing logistics sector and packaged food industryare driving demand for bar code label printers.”,said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Mobile/Portable Printers Market Forecast and Opportunities, 2020” has evaluated the future growth potential of global mobile / portable printers market and provides statistics and information on market structure, size, share and future growth of global mobile/portable printers market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the mobile/portable printers market across globe.