Pune, India, September 08, 2020 (GLOBE NEWSWIRE) – The growing propensity for cloud-based solutions is set to fuel the healthy growth of the market, according to Fortune Business Insights in a report titled “Cloud Print Market Size, Stock and Industry Analysis, by connectivity type (Wi-Fi, TCP-IP, Bluetooth, others), by industry (BFSI, government, education, IT and telecommunications, manufacturing, healthcare, retail and e-commerce, media and entertainment, others)) and regional forecast, 2019-2026. “The growing demand for low-cost solutions in small and medium-sized businesses should fuel the healthy growth of the market.
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The Report on the Cloud Print Market Emphasizes:
- All-inclusive study of the market
- Important insights into the segments
- Comprehensive information on regions
- Valuable data on prominent players
- Latest developments on the market
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Introduction of efficient printers to accelerate market potential
The main players in the market are focused on introducing inexpensive and compact printers to meet the demands of the industry. For example, Xerox Corporation introduced three new affordable printer series in July 2019. The new series will improve mobility in the office without compromising user experience, security and image quality. The printers are equipped with Wi-Fi Direct technology, which enables wireless printing with Mopria, Apple AirPrint, Google Cloud Print and Android support. The printer series will help the company serve small businesses who are working from home during the pandemic by delivering the features, capabilities and ease of use like large businesses. The growing demand for home printing solutions for work-from-home employees amid COVID-19 is expected to enable healthy growth in the market over the forecast period. Additionally, growing demand from government, BFSI, healthcare, IT, telecommunications and retail is expected to support the growth of the market.
However, the growing privacy concerns associated with cloud printers are expected to thwart demand and dampen the growth of the market.
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Increasing focus on cloud infrastructure to drive growth in Europe
The North American market is expected to grow rapidly during the forecast period due to the presence of large companies such as Google LLC, Microsoft Corporation, Xerox Corporation and HP Inc in the United States. The ongoing strategic partnerships between companies are expected to work well for the North American market. Europe is expected to hold the largest share due to the growing demand for cloud printing services in the region. In addition, the European Commission launched the European Cloud Initiative in 2016 to strengthen its digital and cloud infrastructure. The strengthening of the cloud infrastructure is expected to benefit the European market. The Asia-Pacific region is expected to be a significant contributor to sales due to growing awareness in developing countries. Technological development is expected to continue to drive the growth of the Asia Pacific market.
March 2020: Microsoft Corporation announces the preview of its cloud printing service for customers using Windows 10 Enterprise and Education. Universal Print is described by the company as a service based on Microsoft 365 subscriptions. Universal Print enables printing from smartphones and tablets without installing print servers.
List of Major Companies in the Cloud Print Market:
- Google LLC
- Microsoft Corporation
- HP Inc.
- Xerox Corporation
- Amazon.com, Inc.
- Konica Minolta business solutions
- Process merger (UniPrint.net)
- ezeep GmbH
- ThinPrint Cloud Services, Inc.
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