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Laser Printer Market to Grow by USD 4.02 Billion by 2027, Rising MFP Popularity and AI Impact on Market Trends to Drive Revenue Growth – Technavio

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global laser printer market  size is estimated to grow by USD 4.01 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  5.67%  during the forecast period. Increasing popularity of mfps is driving market growth, with a trend towards increasing demand for compact laser printers. However, adoption of cloud data storage  poses a challenge. Key market players include Brother Enterprises Holding Co. Ltd. , Canon Inc., CONTROL PRINT Ltd., Dell Technologies Inc., Eastman Kodak Co., Fujitsu Ltd., Guangzhou Labsim Biotech Co. Ltd., HP Development Co. LP, Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., Monotech Systems Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., Xerox Holdings Corp., and Zhuhai Pantum Electronics Co. Ltd..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Product (Laser MFPs and Laser SFPs), Type (Helium-neon lasers and Semi-conductor laser), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

Brother Enterprises Holding Co. Ltd. , Canon Inc., CONTROL PRINT Ltd., Dell Technologies Inc., Eastman Kodak Co., Fujitsu Ltd., Guangzhou Labsim Biotech Co. Ltd., HP Development Co. LP, Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., Monotech Systems Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Ricoh Co. Ltd., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sharp Corp., Xerox Holdings Corp., and Zhuhai Pantum Electronics Co. Ltd.

Key Market Trends Fueling Growth

The compact laser printer market is experiencing growth due to the rising demand from small work groups, homes, and offices. These customers prioritize printers that offer high print quality and performance while occupying minimal space. In response, vendors such as Brother International and HP Development Company have launched innovative products. Brother’s new range of laser printers, launched in August 2018, features touch-to-connect printing and NFC technology for small and home offices. HP’s LaserJet Pro M15 and M28, launched in March 2018, cater to micro and small businesses, offering the world’s smallest laser printer design. These compact printers enable professionals working from home to optimize their workspace while maintaining maximum print quality and efficiency. 

The laser printer market is experiencing a growth due to urbanization and the rising demand in emerging economies. Compact laser printers are becoming increasingly popular due to improved quality and high-speed printing, making them ideal for small office spaces and commercial activities. Budget-conscious enterprises and start-ups are investing in laser printers for documentation needs on business purposes. The market is witnessing trends like minimized costs, mobility features, cloud data storage, and cloud computing. Organizations are adopting software tools, digital formats, and cloud services for printing applications. Single-Function and Multi-Function laser printers are in high demand, with the multi-function segment leading in market revenue. Advancements in technology include Helium-neon Lasers and Semi-conductor Lasers, making laser printers more cost-efficient and small-sized, offering high-quality printouts for graphics, crisp text, and consistent black tones. Desktop publishing and the telecommunication industry are major sectors driving the demand for laser printers. 

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Market Challenges

With the rise of cloud computing, businesses are shifting towards cloud-based data storage solutions for managing their documents. Cloud storage enables online access to data on remote servers, allowing authorized parties to share and access information using smartphones, tablets, and other devices. This trend reduces the need for printing applications and hardcopies, potentially impacting the laser printer market. Companies are adopting cloud-based Electronic Document Management Systems (EDMS) like Zoho Docs and LogicalDOC, which offer features such as cloud storage, mobile access, and document encryption for data protection. These systems enable faster and easier document management, potentially diminishing the demand for laser printers.The Laser Printer Market faces various challenges in coherence due to micro-economic factors such as price competition and external factors like changing consumer preferences and technological advancements. Internal factors like printer type, financial position, and industry trends also impact the market. The use of recycled materials in Laser Printers is a growing trend, while Touchscreen and Cloud-based printers are gaining popularity. Security concerns and wireless connectivity through Wi-Fi are essential features. Printer industry sectors like IT/ITeS, Pharmaceutical, Entertainment, Law firms, Auto shops, and Healthcare practices rely on Laser Printers for invoices, contracts, warranties, accounting, and finance. Product expansions include color printing, monochrome laser printers, transparencies, adhesive labels, lightweight cards, touchscreen panels, mobile printing, and IoT integration. The Laser beam technology’s efficiency and networking capabilities through cloud technology make Laser Printers a preferred choice for businesses.

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Segment Overview 

This laser printer market report extensively covers market segmentation by

Product 1.1 Laser MFPs1.2 Laser SFPsType 2.1 Helium-neon lasers2.2 Semi-conductor laserGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Laser MFPs-  The Laser Multifunction Printer (MFP) segment is a significant contributor to the global laser printer market. These devices offer printing, scanning, copying, and sometimes faxing functionalities in one machine, addressing various user requirements efficiently. The demand for Laser MFPs is increasing due to their versatility, cost-effectiveness, and productivity benefits in various environments, from homes to large corporations. Key players in this market segment include Brother Industries, Canon, and Dell, providing innovative solutions to cater to the evolving needs of consumers and businesses. For instance, HP Inc. Introduced the new HP Laser SFP series and HP Laser MFP series in May 2023, featuring easy setup and enhanced user interfaces. The growth of the laser MFPs segment is projected to be substantial due to technological advancements, digitalization, and the demand for streamlined document management solutions. These factors will fuel the market’s growth during the forecast period.

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Research Analysis

The laser printer market is experiencing a growth in demand due to urbanization and the increasing need for high-quality printouts in various industries, particularly in emerging economies. Compact laser printers are gaining popularity in office spaces due to their minimized costs and improved quality. The use of Semiconductor laser, Semiconductor diode lasers, and other light sources in laser printers has led to high-speed printing and better print quality. The telecommunications industry is also a significant consumer of laser printers, with a preference for wireless laser printers and those compatible with IoT devices. Printing technology advancements include touchscreen printers, cloud-based printers, personalized printer methods, and security features. Recycled materials are increasingly being used to minimize environmental impact. The laser beam technology, Wi-Fi compatibility, and other innovations continue to drive the growth of the laser printer market.

Market Research Overview

The laser printer market is experiencing a growth in demand due to urbanization and the rising need for efficient printing solutions in emerging economies. Compact laser printers are gaining popularity in offices, commercial activities, and even homes, as they offer improved quality, high-speed printing, and minimized costs. The market is segmented into Single-Function and Multi-Function printers, with the latter holding the largest market revenue due to its versatility. Laser printers use various types of lasers, such as Helium-neon Lasers and Semi-conductor Lasers, which offer cost-efficient, small-sized lasers for high-quality printouts. The market is driven by factors like the increasing number of start-ups, investments in organizations, and the growing demand for documentation for business purposes. Micro-economic factors, such as operating costs and performance, and external factors, such as space constraints and mobility features, are also influencing the market. Cloud data storage, cloud computing, and software tools are becoming essential for laser printers, enabling personalized printer methods and security features. Wireless laser printers, IoT, and touchscreen printers are the latest trends in the market. The market is expected to grow further with the integration of Wi-Fi, color printing, monochrome laser printers, and touchscreen features. The future of the laser printer market looks promising, with continuous advancements in technology and the increasing need for efficient printing solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductLaser MFPsLaser SFPsTypeHelium-neon LasersSemi-conductor LaserGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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SOURCE Blue Owl Capital

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