Mobile Printer Market Size - Greater Growth Rate during forecast 2020-2030

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Posted by florathoms from the Business category at 09 Jan 2023 09:14:54 am.
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Market Analysis
The global mobile printer market size will reach USD 8,351.12 million at a favorable 17% CAGR by 2023, states the latest Market Research Future (MRFR) report.
Drivers
Surging Popularity of Smart Devices to Boost Market Growth
The increasing adoption of smart devices like tablets and smartphones among consumers will boost the market in the forecast period as such devices offer accessibility and flexibility. Also, today smart devices and connected devices with high speed-internet are also accessible.
Opportunities
Demand for Receipt Printers to offer Robust Opportunities
The demand for receipt printers will offer robust opportunities for the market over the forecast period. These receipt printers are widely used in the retail and transportation sectors for various applications such as sample tracking, generating shipment labels, generating tokens, and printing invoices and receipts.
Restraints
Growing Digitalization to act as Market Restraint
Growing digitalization will act as market restraint over the forecast period. Digitalization helps in increasing transaction speeds, customer experience, marketing and sales effectiveness and supplier relationship management.
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Key Players
Eminent players profiled in the global mobile printer market size report include Hewlett-Packard (U.S.), Toshiba Tec Corporation (Japan), Star Micronics Co., Ltd.(Japan), Zebra Technologies (U.S.), Polaroid Corporation (U.S.), Canon Inc. (Japan), Brother Industries, Ltd. (Japan), Seiko Epson Corporation (Japan), and Honeywell Scanning And Mobility (U.S.), Printek (U.S.), among others.
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Market Segmentation
The global mobile printer market is bifurcated based on output, technology, and end user.
By output, the global mobile printer market is segmented into document, barcode labels, receipts, pictures, and others.
By technology, the infrared data association will lead the market over the forecast period.
By end user, the mobile printer market is segmented into corporate offices, retail, healthcare, residential, and others.
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Regional Analysis
North America to Remain Forerunner in Mobile Printer Market
North America will remain forerunner in the mobile printer market in the forecast period. The higher technology implementation, the presence of sophisticated network infrastructure, digitalization, higher adoption of mobile printing in various industry verticals, the presence of top players, advances in wireless technology, and growing adoption of mobile printers in the retail and healthcare sector in the US are adding to the global printing market growth in the region. Besides, the growing need for mobile printers the region’s emerging and advanced economies as well as growing need from the SMEs are also adding market growth.
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