Industry Background:
A method of printing a digitally based image directly through media file refers to as digital printing. It refers to the professional printing where minute jobs from digital sources are printed using long formats and high volume large format inkjet printers. The Global Digital Printing market is expected to grow at CAGR of 4.2% and the North America Region will gain the highest market share.According to AMA, the market for Digital Printing is expected to register a CAGR of 4.2% during the forecast period to 2026. This growth is primarily driven by Increasing Adoption of Digital Printing, Enhancements in Textile and Printing Industry and Digital Printer’s Prices are Decreased Drastically.
Globally, a noticeable market trend is evident Three Dimensional Printing
. The Paper Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Hewlett-Packard Development Company, L.P. (United States), Canon, Inc. (Japan), Ricoh Company, Ltd. (Japan), Mimaki Engineering Co., Ltd. (Japan), RoLAnd Dg Corporation (Japan), Xerox Corporation (United States), Seiko Epson Corporation (United States), Durst Phototechnik AG (Italy), Electronics for Imaging, Inc. (United States) and Inca Digital Printers Limited (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On November 27, 2018, Hewlett-Packard Development Company, L.P. has announced that they will be acquiring BlueData, a leading provider of AI/ML and big data analytics infrastructure software, which will significantly expand the company’s footprint in the rapidly growing artificial intelligence and big data analytics space.
Market Drivers
- Increasing Adoption of Digital Printing
- Enhancements in Textile and Printing Industry
- Digital Printer’s Prices are Decreased Drastically
Market Trend
- Three Dimensional Printing
- Non-Paper and Plastic Materials Printing
- Customized Digital Printing
Restraints
- Higher Initial Investments
- Unable to match Exact Colors
Opportunities
Robust Investments in Digital Printing Research and Development and Increasing Adoption in Packaging Industry
Challenges
Increasing Demand for Digital as well as Paperless Advertisements
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Printing Study Sheds Light on
The Digital Printing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Digital Printing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Printing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.