Color laser technology will constitute the fastest growing laser segment and will propel the overall laser technology growth. At the same time, operating cost considerations will drive users to adopt tools that control color printing.
The dynamics of multifunctional devices market is changing rapidly. The industry has been registering mixed sales, as organizations are demonstrating controlled purchasing of print devices and opting for managed services.CIOs and IT managers are exploring the use of effective technologies as part of overarching technology adoption to maintain a profitable business model.
The Indian multifunctional devices industry is estimated at Rs. 2745 crore with the devices accounting for 61 percent of the market and the balance 39 percent contributed by consumables. The industry is projected to reach Rs. 4020 crore in 2012, a growth of 46 percent over 2011, with consumables and MFD expected to contribute Rs. 1660 crore and Rs. 2360 crore, respectively.
Multifunctional devices may be segmented as inkjet and laser MFD. On the technology front, laser multifunctional devices may be further classified as copier-based and printer-based.