As in other fields, the printing industry has undergone constant change and development. Digital disruption is on the increase, ushering in the emergence of digital technologies like the Internet of Things (IoT), artificial intelligence (AI), and more, changing the face of commerce worldwide and touching every sector in its path. The COVID-19 pandemic has also accelerated a wave of digital disruption, requiring many sectors, including the printing industry, to adopt new practices and technologies.
It is projected that by 2022, the worldwide printing market would have increased in value from $311.53 billion in 2021 to $322.43 billion, representing a CAGR (compound annual growth rate) of 3.5%. At a CAGR of 2.1 percent from 2016 to 2026, the printing market is projected to reach $350.2 billion. Alternatively, by 2031’s conclusion, the value of the Printers Market is projected to reach $235.30 million. These robust numbers indicate that the printing industry, like its counterparts around the world, is beginning to welcome new developments and innovations.
1. The Digital Printing Boom
The world has experienced an upswing in the adoption of digital inkjet printers given their quicker printing rate as compared to the older printers and you get more advanced printers from Konica Minolta New Zealand.
The lack of a time-consuming and error-prone setup is what makes digital printing such an attractive option for high-volume production runs. This is especially useful for low-volume projects as opposed to offset printing, which is why we expect a high demand for these printers in the market.
There is also a lot of flexibility to provide personalization without any significant turnaround time, making digital printing a popular option given the fast-paced environment we live in
According to Smithers’ most recent research, the value of the inkjet print industry will increase from its current $80.4 billion to $118.2 billion by 2025. Canon has presented its exceptional line-up of digital inkjet printers at Gulf Print and Pack 2022 GPP.
2. The Color Printing Revolution
The need for color printing throughout the world has skyrocketed in recent years, leading to an increase in demand for laser and inkjet printers.
In the world, the growth of the printer market can be directly attributed to the widespread adoption of color printing, which has led to a rise in demand for laser and inkjet printers.
Due to this rising demand, the printing industry in the world is expanding rapidly. There are currently around 2,000 commercial printing companies in operation across the continent, most of which are SMMEs.
The newly released imagePRESS V1000 from Canon places a premium on automation, making it easier for print shops to produce everything from direct mail and business cards to booklets, posters, and other inventive forms of marketing collateral.
3. The Significance of Security
The need for color printing across the world has increased in recent years, leading to an increase in demand for laser and inkjet printers.
In the world, the growth of the printer market may be directly attributed to the widespread use of color printing, which has led to a rise in demand for laser and inkjet printers.
This increased need has sparked a printing boom throughout the world. Over 2,000 commercial printing companies, the vast majority of which are SMEs, are already active throughout the continent.
The newly announced imagePRESS V1000 from Canon places a premium on automation, making it simpler for print businesses to manufacture everything from direct mail and business cards to booklets, posters, and other imaginative kinds of marketing material.
4. Going Green
The tsunami of sustainability has swept most if not all sectors by storm and for the right reasons. Businesses are focusing emphasis on lowering their environmental effect as well as boosting their ratings on the sustainability index.
According to the trends, there will be a greater need for items that are both highly practical and environmentally friendly. Canon’s Managed Print Services integrate industry-leading technology and services seamlessly that have aided clients in decreasing their environmental effects by up to 60 percent. Recycling printing materials such as ink cartridges will play a key part in decreasing the effect on the environment and local communities in the future.
5. Cloud and Connectivity
The rise of cloud computing, in which users have direct access to services without needing to install them on their local machines (desktops or laptops), is one indicator of the pervasiveness and severity of digital disruption in today’s world. Therefore, cloud printing is becoming one of the most talked-about developments in the market, with 67% of businesses planning to increase their use of cloud print management and 5% considering a complete transition to cloud printing.
As a result of the global impact of the COVID-19 pandemic, many businesses and employees have shifted their focus to cloud-based solutions, which offer a number of advantages over traditional methods of operation, including greater mobility, adaptability, and the opportunity to boost productivity and efficiency while reducing expenses. Offering print services that are managed in the cloud is no longer a nice-to-have but rather a necessity.
Follow Techdee for more!