The FINANCIAL — The worldwide production printer market continued to deliver solid growth in the first quarter of 2016 (1Q16) with a 7.9% year-over-year increase marking the sixteenth consecutive quarter of positive growth.
According to the International Data Corporation (IDC) Worldwide Quarterly Production Printer Tracker, worldwide unit shipment value increased 1.4% to nearly $1.2 billion in the same time period.
Additional highlights from the worldwide production printer market in 1Q16 include:
Label & Packaging unit shipments increased 18.8% year over year while Mid Production gained 11.5% in 1Q16.
Ricoh Group outperformed all other vendors in the top 5 by posting a 28.8% year-over-year gain in terms of units shipped.
“Headed into Drupa 2016, the digital production print market looks strong. Print service providers (PSPs) continued to invest in the first quarter with no holding off purchases or waiting to see what new products are coming at the world’s largest print show in Dusseldorf this month. That could foretell very good things for both the second quarter and the second half of the year, as PSPs jump on new technologies, especially when it comes to high-quality color laser and inkjet,” said Amy Machado, research manager, Imaging, Printing, and Document Solutions.
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