Multi-Function Printer Security Market Size, Share and Forecasts, 2016 to 2020

Technavio Announces the Publication of its Research Report Global Multi-function Printer Security Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Multi-function Printer Security Market: Brother International, Canon, HP, Xerox, and Ricoh.

Other Prominent Vendors in this market are: ARC Document Solutions, Epson, Konica Minolta, KYOCERA Document Solution, Lexmark International, OKI Data corporation, Pitney Bowes, PrinterCorp, Sharp, and Toshiba.

Browse full report with TOC@ https://marketreportscenter.com/reports/403901/global-multi-function-printer-security-market-2016-2020

Commenting on the report, an analyst from Technavios team said: One trend spurring growth is the preference for eco-friendly printing services. Organizations worldwide are developing printing solutions that use less paper and are more efficient. Currently, organizations are concerned about the increase in carbon footprints, energy bills, and other environmental concerns. Hence, these organizations are adopting green initiatives. There has been an increase in pressure on businesses by governments of various countries to reduce their carbon emissions and to meet carbon reduction targets. A recent development in solid ink technology, which utilizes solid ink sticks instead of fluid ink or toner powder, has attracted many SMEs as this technology has reduced the TCO and carbon footprints.”

According to the report, one driver that will lead to the growth of this market is the high demand from industry verticals. MFPs are in high demand in industries like education, healthcare, entertainment, and manufacturing, mainly for low volume printing and basic functions such as scanning and copying. As the printing volume is low in these segments, users find it more affordable to purchase MFPs than to depend on external vendors for their daily printing needs.

Further, the report states that a major challenge for this market is the shift toward...