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Home and Office Paper Shredders Market to Grow by USD 1.42 Billion (2024-2028), Driven by Rising Online Sales, Market Evolution Powered by AI – Technavio

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global home and office paper shredders market size is estimated to grow by USD 1.42 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.06% during the forecast period. Growing online sales of paper shredders is driving market growth, with a trend towards growing environmental regulations on paper manufacturing. However, increasing use of digital platforms across the world poses a challenge.Key market players include ACCO Brands Corp., Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Aurora Corp. Of America, AVANTI Business Machines Ltd., Bonsen Electronics Ltd., Dahle North America Inc., Elcoman Srl, Fellowes Inc., Fornnax Technology Pvt Ltd., HSM GmbH plus Co. KG, intimus International GmbH, Jiangsu Golden Hi-tech Digital Co. Ltd., Krug and Priester GmbH and Co. KG, Martin Yale Industries, Mitsui Matsushima Holdings Co., Ltd., Raj Electricals, Royal Consumer Information Products, SHREDDERS and SHREDDING CO., and Staples Inc..

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Home And Office Paper Shredders Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2024-2028

USD 1415.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.67

Regional analysis

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

Performing market contribution

APAC at 43%

Key countries

US, Japan, China, Germany, and France

Key companies profiled

ACCO Brands Corp., Aditya Systems, Arihant Maxsell Technologies Pvt. Ltd., Aurora Corp. Of America, AVANTI Business Machines Ltd., Bonsen Electronics Ltd., Dahle North America Inc., Elcoman Srl, Fellowes Inc., Fornnax Technology Pvt Ltd., HSM GmbH plus Co. KG, intimus International GmbH, Jiangsu Golden Hi-tech Digital Co. Ltd., Krug and Priester GmbH and Co. KG, Martin Yale Industries, Mitsui Matsushima Holdings Co., Ltd., Raj Electricals, Royal Consumer Information Products, SHREDDERS and SHREDDING CO., and Staples Inc.

Market Driver

The Home and Office Paper Shredders market is witnessing significant trends with the increasing emphasis on data security and environmental protection. With the rise in the consumption of electronic equipment, the demand for shredders to dispose of confidential documents, personnel records, and sensitive data is surging. Government agencies, small enterprises, private groups, and individuals are investing in shredding machines to reduce their carbon footprint and ensure data security. Industrial-grade shredders with smart and automation features, such as sensor systems and volume information, are popular in commercial usage sectors like banks, financial organizations, healthcare institutions, retailers, and the customer service industry. Portable shredders with strip cut, cross cut, and micro cut techniques cater to home use, while larger organizations prefer industrial-grade machines for handling high volumes of paper waste. The market also includes the shredding of CDs, DVDs, loyalty cards, credit cards, and magnetic tapes. With the growing preference for softcopy documents, the market for paper shredders is expected to experience a reduction in commerce as industries shift towards digital platforms. However, the working population’s need for secure waste disposal and data security will continue to drive the market. 

The Home and Office Paper Shredders market is witnessing a significant trend towards eco-friendly products. Both residential and commercial consumers prioritize sustainability and view paper shredding as a responsible method for disposing of waste. Major players in the office supplies industry are responding to this demand by manufacturing energy-efficient paper shredders. For instance, Intimus EcoLogic reduces energy consumption by 92%, and Kobra’s Energy Smart management system saves 65 kilograms of carbon dioxide per year. These innovations cater to environmentally conscious customers while minimizing the industry’s carbon footprint. 

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 Market Challenges

The Home and Office Paper Shredders market faces several challenges. With the increasing volume of confidential documents and sensitive data, there is a growing demand for paper shredders. Bin capacity is a key consideration for businesses, especially those handling large amounts of paperwork. As electronic equipment becomes more prevalent, the carbon footprint of paper shredders is under scrutiny, making environmental protection a priority. Government agencies, small enterprises, private groups, individuals, and various industries generate vast amounts of confidential papers, personnel records, and data. Data security is paramount, and paper shredders play a crucial role in reducing the risk of data breaches. However, the shutdown of offices and reduction of commerce due to the pandemic has impacted consumption volumes. Industrial-grade shredders with smart and automation features, sensor systems, and portable options cater to diverse needs. Techniques like Strip Cut, Cross Cut, and Micro Cut are used based on the level of security required. CDs, DVDs, loyalty cards, credit cards, magnetic tapes, and financial records are common items shredded in commercial usage sectors, including banks, financial organizations, healthcare institutions, educational institutions, retailers, and the customer service industry. The shift towards softcopy preferences and the working population’s increasing reliance on online platforms necessitates a balance between paper shredding and digital data security.The global home and office paper shredder market is currently facing a significant challenge due to the ongoing digitization trend. With the widespread adoption of digital communication devices such as computers, laptops, smartphones, and cloud services, the demand for traditional paper and printing supplies, including paper shredders, has decreased. The shift towards digital documents has adversely impacted the market, reducing the need for physical paper and the subsequent requirement for paper shredders. Despite this challenge, advancements in shredder technology continue to offer improved security features and efficiency, making them an essential office accessory for businesses handling sensitive documents. However, the market growth is expected to be moderate due to the ongoing digitization trend.

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Segment Overview 

This home and office paper shredders market report extensively covers market segmentation by

End-user 1.1 Commercial1.2 ResidentialProduct 2.1 Cross-cut2.2 Micro-cut2.3 Strip-cutGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Commercial- The commercial sector’s reliance on paper shredders for document security is significant. Factors such as high shredding volume and frequency, nature of confidential data, and regulatory compliance drive this demand. Paper shredders are essential equipment in offices, providing document security, workspace cleanliness, and waste disposal. Despite the increasing digitization trend, the paper shredder market is witnessing steady growth due to the importance of physical document security in the face of cyber threats. In regions like North America and Europe, where electronic products are prevalent, the paper shredder market continues to expand, ensuring the safe disposal of sensitive documents remains a priority.

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Research Analysis

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents into tiny pieces for secure disposal. With the increasing awareness of data security and environmental protection, the market for these shredding machines has seen significant growth. Bin capacity varies from small portable shredders to industrial-grade models. The shredding process helps protect sensitive data and confidential papers, including personnel records and financial information, from falling into the wrong hands. The carbon footprint of paper shredders is a concern, but advancements in technology are leading to more energy-efficient models. Consumption volumes are high among government agencies, small enterprises, private groups, and individuals. The shutdown of offices and reduction of commerce due to the pandemic have led to an increase in the demand for paper shredders. Smart features and automation, such as sensor systems and volume information, are becoming increasingly popular. The market offers a range of shredding techniques, including strip cut, which ensures thorough destruction of documents.

Market Research Overview

The Home and Office Paper Shredders market refers to the demand for electronic equipment designed to shred confidential documents, sensitive data, and other paper waste. With the increasing concern for data security and environmental protection, the market for paper shredders has seen significant growth. Bin capacity varies from small portable shredders for home use to industrial-grade machines for commercial usage sectors. Paper shredders use different techniques such as Strip Cut, Cross Cut, and Micro Cut to ensure thorough destruction of documents. Consumption volumes are driven by various sectors including government agencies, small enterprises, private groups, and individuals. The market caters to various industries such as banks, financial organizations, healthcare institutions, educational institutions, retailers, customer service industry, and more. The market also includes shredders for CDs, DVDs, loyalty cards, credit cards, and magnetic tapes. With advancements in technology, smart features and automation are becoming increasingly popular, including sensor systems and volume information. The reduction of commerce due to shutdowns and the shift towards soft copy preferences have also influenced the market. The working population and retail networks, as well as online platforms, are significant consumers of paper shredders.

Table of Contents:

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

End-userCommercialResidentialProductCross-cutMicro-cutStrip-cutGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

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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Who’s Working Remotely? Virtual Vocations Survey Highlights Evolving Jobseeker Demographics

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This survey underscores the diverse backgrounds and experiences of remote jobseekers, highlighting the growing demand for flexible work arrangements across various demographics.

TUCSON, Ariz., Dec. 27, 2024 /PRNewswire-PRWeb/ — With over 500 participants from the U.S. (69%) and international locations (31%), Virtual Vocations‘ 2024 demographics survey offers valuable insights into the evolving landscape of remote work. By comparing responses across these groups, the survey highlights shared experiences and unique challenges faced by jobseekers worldwide.

“Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Although Virtual Vocations is a U.S.-based company, it supports international jobseekers through its fully remote job board and career resources, addressing the global demand for remote work opportunities. The company frequently receives inquiries from international members seeking to access fully remote roles, punctuating the worldwide appeal of flexible work arrangements.

“The 2024 demographics survey results reinforce what we’ve known for years—professionals around the world are seeking flexibility, balance, and opportunities to work from home,” said Virtual Vocations CEO Laura Spawn. “Whether based in the U.S. or abroad, jobseekers are embracing remote roles to align their careers with their personal goals, and we’re proud to be a part of their journey.”

Fully Remote Jobs Remain Most Desired

A significant 43% of U.S.-based jobseekers and 42% of international respondents named fully remote, no-travel jobs as their top preference. These roles, which allow employees to work entirely from home, offer flexibility, aligning with both personal and professional goals. Although occasional in-person requirements may arise, fully remote roles are favored over hybrid, partially remote, and “work from anywhere” options. These positions provide businesses with access to a broader talent pool and enable employees to prioritize workplace values and culture.

Top Industries for Remote Jobseekers

The survey also highlights four key industries attracting remote jobseekers worldwide. Information Technology (IT) stands out as the leading industry for remote roles, with significantly more job postings than any other field. Healthcare follows closely, benefiting from the growth of telehealth and remote medical roles. Customer service offers engaging opportunities for professionals interested in client interaction, while education presents a wide array of roles in online teaching, tutoring, and instructional design, fueled by the expansion of virtual learning.

Jobseekers’ Common Frustrations

Both U.S. and international jobseekers shared frustrations, particularly with online job scams. Jobseekers expressed dissatisfaction with the prevalence of scams, especially when searching for work-at-home positions. Despite relying on online job boards, only a quarter (23% of U.S. respondents and 24% of international respondents) use dedicated remote job boards, like Virtual Vocations, where job postings are thoroughly vetted to ensure they are free of scams. Additionally, many jobseekers expressed frustration with excessive job requirements and employers failing to provide feedback or “ghosting” applicants during the hiring process, with one-third of respondents from both groups reporting these issues.

Income Insecurity: A Global Concern

Income insecurity remains a pressing issue for both U.S. and international jobseekers, with many reporting their earnings as insufficient for comfortable living. Sixty-five percent of U.S. respondents and 77% of international respondents reported inadequate household incomes. Nearly half (48%) of U.S. jobseekers earn less than $60,000 annually, while 68% of international jobseekers earn under $30,000. To improve financial stability, many jobseekers have set income targets, with 30% of U.S. jobseekers aiming for $60,000–$89,999 and another 30% targeting at least $120,000. In contrast, international respondents generally require lower salaries, with 38% seeking $30,000–$59,999 and 32% aiming for $60,000–$89,999.

For a comprehensive analysis and additional insights, read the full demographics survey report here: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/remote-work-demographics-survey-results-2024/

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/whos-working-remotely-virtual-vocations-survey-highlights-evolving-jobseeker-demographics-302339757.html

SOURCE Virtual Vocations, Inc.

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Judge Baker Children’s Center d/b/a The Baker Center for Children and Families Provides Notice of Data Security Incident

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BOSTON, Dec. 27, 2024 /PRNewswire/ — Judge Baker Children’s Center d/b/a The Baker Center for Children and Families (“The Baker Center”), a nationally recognized provider of services for children’s mental health, has learned of a data security incident that may have impacted certain personal and / or protected health information. On December 27, 2024, The Baker Center formally notified potentially affected individuals with available address information and provided resources to assist them.

On July 28, 2024, The Baker Center discovered unusual activity within its local digital storage environment. After taking immediate steps to ensure the environment was secure, The Baker Center enlisted independent cybersecurity experts to conduct an investigation to determine what happened and whether sensitive information may have been impacted. According to the investigation, an unauthorized actor gained access to The Baker Center’s systems between July 26 – 28, 2024 and may have downloaded certain files. Following a thorough review of the impacted files, on October 28, 2024, The Baker Center determined that certain individuals’ personal and/or protected health information was potentially impacted during the incident.

The information affected during this incident varies between individuals but may have involved the following: name, address, date of birth, Social Security number, driver’s license or other government identification number, financial account information, health insurance information, medical treatment or diagnosis information, and/or clinical information.

On December 27, 2024, The Baker Center mailed notification letters to potentially impacted individuals with verifiable address information. The letters include information about this incident and about steps that potentially impacted individuals can take to monitor and help protect their personal and protected health information. The Baker Center has established a toll-free call center to answer questions about the incident and to address related concerns. The call center can be reached at 844-920-8988, Monday through Friday from 9:00 AM to 9:00 PM Eastern time

The Baker Center takes the security and privacy of information in its possession very seriously and is taking steps to prevent a similar event from occurring in the future. The Baker Center deeply regrets any inconvenience or concern this incident may cause.

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SOURCE The Baker Center for Children and Families

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outboundIQ Achieves Certified Implementation Partner (CIP) Status with Five9

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Delivering Optimized, Outbound-Focused Contact Center Solutions for Modern Businesses

LAUDERDALE LAKES, Fla., Dec. 27, 2024 /PRNewswire/ — outboundIQ www.outboundiq.com proudly announces its accreditation as a Five9 Certified Implementation Partner (CIP), a distinction that reflects its deep expertise in optimizing and streamlining outbound-focused contact center operations. With a team of seasoned Five9 veterans, expert programmers, and industry thought leaders, outboundIQ is uniquely equipped to help businesses of all sizes unlock the full potential of Five9’s Virtual Contact Center platform.

Optimized Solutions for Complex Contact Center Needs
outboundIQ specializes in providing expedited, outbound-focused contact center implementations, integrating advanced features such as inbound and outbound Voice, SMS, Chat, Email, Salesforce Integration, and other third-party app integrations. Clients can also leverage ongoing optimization engagements and monthly retainers for strategic consulting designed to support long-term, outreach-focused success.

“Who better to handle your domain configuration than the experts that understand the outbound contact center world. To be an outbound expert, you must know 3 things; how to configure the domain front end, how the architecture interprets that design, and how carriers respond to your dialing behavior as a result of the build. outboundIQ has the advantage of deeply understanding all 3 things. Our experts are seasoned professionals that will guide toward the best build for your business. You tell us about your business, your needs and your processes, and we will build you a domain fit for purpose. outboundIQ offers best in class Domain Optimization, Implementation and Consulting for customers of all sizes and complexity. Due to our methodology and proprietary automations, we are able to bring our customers’ projects to life within accelerated timeframes.”

Jessica Clay, VP Support and Services

“We launched our business in June and were fortunate to connect with the incredible team at outboundIQ early on. Navigating the world of outbound calling and building efficient prospecting systems isn’t easy, but the entire team at outboundIQ brought our vision to life seamlessly. They implemented our ideas quickly and executed them flawlessly. Since partnering with them, our contact rates have significantly improved, our conversions have increased, and our overall business is thriving. We’re deeply grateful for this collaboration and look forward to continuing our work together on future endeavors!”

– Tim, Lit Financial

“I genuinely don’t know enough ways to thank the entire outboundIQ team. I inherited a domain riddled with mistakes, tangled beyond belief, and I had essentially planned to scrap the whole thing and start over. That’s when this team, led by Jessica Clay’s brilliance, took over to understand exactly what I wanted to create and completely revitalized my domain. We are all beyond thankful as they continue to consult for us to this day and I see no reason to stop. Thank you, Jessica, Jason, Rudy, Bruno, Sandy and everyone who gets the pleasure of working with these domain geniuses!”

– Michael, Lifetime Home Remodeling

A Holistic Approach to Outbound Excellence
Creating a competitive, consumer-focused outreach program requires more than just advanced technology. As outboundIQ explains, a thriving contact center functions like a high-performing racing team:

The Car: Five9 Virtual Contact Center provides a cutting-edge technology foundation.The Driver: Strong Dialer Administrators who skillfully manage operations.The Pit Crew: IT/Support teams ensuring seamless functionality.The Spotters: Data Analytics and Reporting experts optimizing performance.The Fuel: High-quality data driving better outcomes.

outboundIQ’s professional services team brings these critical elements together, ensuring clients achieve best-in-class outbound operations that prioritize consumer experience while maintaining a competitive edge.

A Call to Collaboration
With its new CIP certification, outboundIQ invites businesses to explore select partnership opportunities and projects to reimagine their contact center operations. Whether through expedited implementations or ongoing strategic consulting, outboundIQ is committed to driving measurable results for its clients.

About outboundIQ
outboundIQ delivers optimized, outbound-focused contact center implementations, combining years of Five9 expertise with cutting-edge strategies to help businesses achieve exceptional outreach outcomes. As a Five9 Certified Implementation Partner, outboundIQ provides tailored solutions to meet the unique needs of modern organizations.

About Five9
Five9 is a digital enterprise’s leading cloud contact center and software provider. The Five9 Intelligent CX Platform is reliable, secure, compliant, and scalable, designed to create exceptional personalized customer experiences.
www.five9.com

Media contact: 
Sandy Tafur
Phone: 404-660-5314
mail: sandy@outboundiq.com

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SOURCE outboundIQ

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