The global mobile printing market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the migration towards cloud-based mobile printing across the globe.
Mobile printers are devices that print papers such as labels, tags, tickets, receipts, and other important documents used in various business verticals. Medical sectors, organizations, IT sectors, and other commercial places now use traditional printers. Mobile printers, on the other hand, are small and could eventually replace traditional printers in important end-user applications. The overall expansion of the Mobile printer market has been influenced by its compact size and increased flexibility, as well as modern technology such as security protocols and cloud-based technologies.
The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, the supply chain was disrupted and trade business was significantly affected, which resulted in temporary halt for manufacturing of mobile printing device. The market is expected to recover soon as emergency lockdown is lifted by the government gradually and sales of mobile printing is increased.
Market Trends, Drivers, Restraints, and Opportunities
- Growing proliferation of smartphones and associated mobile devices is one of the key factors driving the market growth.
- Increasing number of online businesses and e-commerce is expected to boost the market growth in the coming years.
- Lack of standardization for mobile printing devices present a major challenge. This is anticipated to hamper the market growth in the projected period.
- Emerging digitalization for sharing data in the businesses is projected to hinder the market expansion during the forecast period.
- Advancement in technology and innovations, which include security features is projected to create significant growth opportunities for the market in the near future.
Scope of the Report
The report on the global mobile printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Mobile Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Connectivity (Wireless, USB, Bluetooth, and Others) and End-users (Residential, Healthcare, Retail, Corporate Office, Transportation & Logistic, Telecom, Manufacturing, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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HP Corp.; Canon Inc.; Xerox Corp.; Lexmark International, Inc.; PrinterOn Corp.; Pcounter; Electronics for Imaging, Inc.; Brother Industries, Ltd.; and Seiko Epson Corp.
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Market Segment Insights
Wireless segment to grow at a rapid pace
Based on connectivity, the global mobile printing market is divided into wireless, USB, Bluetooth, and others. The wireless segment is expected to grow at a rapid pace during the forecast period owing to its accessibility, convenience, and multifunctionality. However, the USB segment is anticipated to hold a key share of the market in the coming years due to its ability to print quickly and efficiently without any interference and error.
Vast adoption to drive corporate office segment
On the basis of end-users, the market is segregated into residential, healthcare, retail, corporate office, transportation & logistic, telecom, manufacturing, and others. The corporate office segment is projected to expand at a considerable CAGR during the forecast period attributed to vast adoption of the mobile printer globally. On the other hand, the healthcare segment is anticipated to account for a major market share during the forecast period due to its multifunctionality and accessibility, which helps in use of the technology efficiently.
North America to constitute a key market share
In terms of regions, the global mobile printing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to the presence of leading market players along with increasing adoption of mobile printers in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rapid development in the retail market, logistics, e-commerce sector, and expansion of the IT landscape across the region.
Segments
Segments Covered in the Report
The global mobile printing market has been segmented on the basis of
Connectivity
- Wireless
- USB
- Bluetooth
- Others
End-users
- Residential
- Healthcare
- Retail
- Corporate Office
- Transportation & Logistic
- Telecom
- Manufacturing
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- HP Corp.
- Canon Inc.
- Xerox Corp.
- Lexmark International, Inc.
- PrinterOn Corp.
- Pcounter
- Electronics for Imaging, Inc.
- Brother Industries, Ltd.
- Seiko Epson Corp.
Competitive Landscape
Key players competing in the global mobile printing market are HP Corp.; Canon Inc.; Xerox Corp.; Lexmark International, Inc.; PrinterOn Corp.; Pcounter; Electronics for Imaging, Inc.; Brother Industries, Ltd.; and Seiko Epson Corp.
As part of their efforts to expand their client base and acquire a competitive advantage over competitors, manufacturers operating in the market have adopted various strategic initiatives, such as partnerships, collaborations, and mergers & acquisitions. Moreover, companies are focusing on investment in R&D for development and launching of new products to maintain their competitive positions in the market.
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