Hewlett-Packard has maintained its leadership in the Indian printer, copier and multifunction product market with a 51 per cent market share in the third quarter of 2012.
Canon with a 23 per cent market share and Epson with 9 per cent, were in the second and third positions, while Samsung accounted for 8 per cent of market share, according to a study by research and advisory firm Gartner Inc.
India’s combined serial inkjet and page printer, copier and multifunction product market totalled 7.61 lakh units in the third quarter of 2012, a 4.7 per cent fall from the same period a year ago. However, total end-user spending stood at $246.5 million, up 31 per cent.
“The festive season did not really resuscitate the printer copier market; as was expected by most of the major hardware providers. With besieged economic environment and green initiatives gaining growing importance, organisations adopted a ‘wait and watch’ approach on their IT spending for peripheral devices,” said Amrita Choudhury, research analyst at Gartner.
“Most of the technology providers suffered on the product front. However, services such as managed print services, cloud printing, and document outsourcing witnessed positive responses from the Indian market. The dissuasion from the home segment continued with shipments in the third quarter of 2012 declining 18 per cent compared to the third quarter of last year, which indicates this will be a fast-declining market compared to the professional segment,” Choudhury added.