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Market Overview
Market Research Future (MRFR) in its extensive study on the mobile printer market 2020, reveals different forces that regulate the market dynamics. Along with it, the impact of COVID 19 outbreak on the mobile printer market is also mentioned. As per MRFR data, the mobile printer market is expected to thrive at 17% CAGR across the evaluation period 2027-2023. The mobile printer market value can touch USD 8,351.12 Mn by 2023. The increase in the demand for mobile printers due to the availability of cost effective and easily accessible wireless network connections anywhere and anytime can boost the expansion of the market through the review period. The convenience of mobile printers selling proposition can also support the expansion of the mobile printer market through the assessment period. The advantage of mobile printers to provide print anytime, and anywhere with handheld devices that require print drivers, along with seamless mobility underpins the growing demand and popularity of mobile printers. These can support the expansion of the mobile printer market through the review period. In addition, rapid ingression rate of mobile phones, and tablets among other smart devices that offer sophisticated features can promote the expansion of the mobile printer global market in the review period.
On the contrary, the Mobile Printer Market expansion can be hindered by rise of digital solutions and cloud computing. A large amount of information is stored online and transfer of these data is done via the internet. This has led to decline in the need for printed information, which can restrain the expansion of the global mobile printer market through the review period.
Competitive Landscape
Printed (U.S.), Toshiba Tec Corporation (Japan), Hewlett-Packard (U.S.), Polaroid Corporation (U.S.), Star Micronics Co., Ltd.(Japan), Honeywell Scanning And Mobility (U.S.), Canon Inc. (Japan), Brother Industries, Ltd. (Japan), Zebra Technologies (U.S.), and Seiko Epson Corporation (Japan), are reputed players in the mobile printer global market as registered by MRFR. .
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Market Segmentation
The segment analysis of the global mobile printer market is done by output, technology, and end user.
The output based segments of the global mobile printer market are barcode labels, receipts, pictures, and document and others.
The technology based segments of the global mobile printing market are Wi-Fi, Bluetooth, infrared data association, and others. The infrared data association segment can emerge as the largest segment of the market. The benefit of Infrared data mobile printer to operate remotely from 30 feet in Omni direction is responsible for the rise in its popularity among consumers. This can boost the expansion of the market through the review period.
The end user based segments of the global mobile printing market are retail, healthcare, residential, corporate offices, and others.
Detailed Regional Analysis
In APAC, the growing adoption of mobile printers in different industry can boost the rise of the mobile printer global market. The rise in application of mobile printer in printing barcodes, ticketing and labelling, receipts, and invoices to radio frequency identification (RFID) tags can support the expansion of the regional market. In addition, the increase in utility of RFID tags in the booming e-commerce segment of the region can impel the expansion of the market across the analysis period. In North America, the availability of mobile printer in multiple and effective designs that meet various applications requirements can prompt the expansion of the regional market. In EU, the rapid advancements in design and technology of mobile printer that allows the launch of new products can fosters the rise of Europe mobile printer market.
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About Us:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
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