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The combined market for serial inkjet and page printer, copier and multifunction products in India grew by 13.2 per cent in the third quarter of calendar 2013 over the same period last year, according to research firm Gartner.
In all, 861,212 units of these products were sold in the third quarter this year.
“Indian organisations are still largely paper driven, but there is increasing importance of digitisation and the need to access information anytime, anywhere. This represents an opportunity for print providers to expand their services into optimising the document workflows that support business processes,” said Zalak Shah, research analyst at Gartner.
However, total spending by end users declined by 9 per cent on a year-on-year basis to $223.7 million.
With a market share of 51.5 per cent, HP continues to be the leader in the Indian printer; copier and MFP market. Canon (21 per cent), Epson (9 per cent) and Samsung (8.2 per cent) are the other major players, the research firm said.
The Page A4 MFP segment grew by 20 per cent in the third quarter while the Page Printer market and the Page A3 MFP market grew by 7.6 per cent and 2 per cent respectively.
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