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Market Research Report
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943559

Western Europe MFP Forecast, 2020-2024

Published: | IDC | 10 Pages | Delivery time: 1-2 business days

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Western Europe MFP Forecast, 2020-2024
Published: June 17, 2020
IDC
Content info: 10 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

This IDC Market Forecast quantifies the Western European MFP market in detail, analyzing issues, trends, and product advances. It contains IDC's review and forecast of the Western European MFP market for 2020 to 2024"Although shipments at the start of the year were in line with forecasts, the COVID-19 pandemic has exacerbated market declines, resulting in a sharp decline in shipments for 2020. Although there will be some recovery in 2021, the way people work and communicate in the future will continue to have a negative impact on shipments," said Phil Sargeant, program director, Imaging, Hardware, and Document Solutions.

Product Code: EUR145156920

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Simple, Flexible Contracts can Secure Cash Flow from Home and Business Users
      • Sustainability Initiatives on MFPs can Help Customers Prove Their own Sustainability
    • Inhibitors
      • Workers may Continue to Migrate from the Office to Home Locations
      • Economic Woes will Force Many Organizations to Reduce Costs
      • Increased Digitization Across All Industries will Ultimately Lead to Less Printing
  • Significant Market Developments
    • COVID-19 has Seriously Impacted Growth for MFP Hardware and Supplies
    • Xerox Ends Its Takeover Bid for HP Inc.
  • Changes from Prior Forecast

Market Definition

Methodology

  • Definitions
  • MFP Technology Definitions
    • Inkjet
    • Laser

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