Mobile Printer Market Size, Research Segment Analysis, Details by Regions, Research Report 2030.
Market Analysis
The mobile printer market will touch USD 8,351.12 million at a healthy 17% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Mobile printers are printers that use wireless network connections that are portable as well as can be operated anytime, from anywhere. Wi-Fi, infrared data association, Bluetooth, and others are the different technologies that it works on. Mobile printers have wide applications in residential, healthcare, retail, corporate offices, and others.
Various factors are propelling the global mobile printer market share. According to the recent MRFR report, such factors include the proliferation of tablets, mobile phones, and other smart devices having sophisticated features, the explosive growth of mobile applications, adoption in different industry verticals, used for various applications like RFID tags, invoice, receipts, printing barcodes, and ticketing and labeling, availability in multiple designs, rapid advances in technology and design that result in new product launches, compact size, on-demand printing capacity, rising use of smart devices, and increasing preference towards the internet. Additional factors adding market growth include rising adoption of BYOD policy, booming e-commerce business, increasing focus of organizations to improve and modernize their business infrastructure with regards to work management and technology, advantages over traditional office printers like needs less maintenance, easily movable, and compact in size, the availability of a number of pages, and growing research and development for better battery runtime time.
On the contrary, increasing investment in digitalization and the impact of the ongoing COVID-19 pandemic are factors that may limit the global mobile printer industry growth over the forecast period.
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Key Players
Key players profiled in the global mobile printer market report include Star Micronics Co., Ltd. (Japan), Printek (U.S.), Brother Industries, Ltd., (Japan), Polaroid Corporation (U.S.), Hewlett-Packard (U.S.), Zebra Technologies (U.S.), Toshiba Tec Corporation (Japan), Seiko Epson Corporation (Japan), Honeywell Scanning And Mobility (U.S.), and Canon Inc. (Japan).
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global mobile printer market based on end user, technology, and output.
By output, the global mobile printer market is segmented into pictures, receipts, barcode labels, documents, and others.
By technology, the global mobile printer market is segmented into Wi-Fi, infrared data association, Bluetooth, and others. Of these, the infrared data association segment will lead the market over the forecast period.
By end user, the global mobile printer market is segmented into residential, healthcare, retail, corporate offices, and others.
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Regional Analysis
By region, the global mobile printer market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Advancements in wireless technology, growing adoption of cloud storage technology and cloud computing by enterprises, digitalization, sophisticated network infrastructure, higher technology implementation, presence of key players in the region, advances in wireless technology, and high adoption rate in different industry verticals are adding to the global mobile printer market growth in the region.
The global mobile printer market in Europe is predicted to have the second-largest share over the forecast period for the constant investments in research and development.
The global mobile printer market in the APAC region is predicted to have healthy growth over the forecast period. The booming e-commerce industry, an extension of the logistics and retail industry, and improving IT landscape are adding to the global mobile printer market growth in the region.
The global mobile printer market in the MEA is predicted to have steady growth over the forecast period.
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