Back in the 1970s, pundits were predicting that we’d be well into the sphere of the paperless office by the 21st century. Our offices are still stacked with papers and the print market – especially the production print market, appears to be buoyant.
Well, according to a survey from IDC, that’s far from the case. The worldwide production print market grew by 9.9 percent in the third quarter of this year.
Shipment value increased too by 5.9 percent, so the value was over $1.2 billion.
All categories in the production print market grew, with label and packaging up 15 percent and high speed inkjet shipments growing by 8.8 percent in the quarter, compared to the previous quarter. Canon, Ricoh and HP rule the roost in this sector.
The top five vendors in the quarter were Xerox, HP, Ricoh, Konica and Canon.
Amy Chado, research manager at IDC, said: “High speed inkjet experienced a tremendous rebound in the third quarter, with system shipments growing 110 percent from the previous quarter and nine percent annually.”