According to Future Market Insights (FMI), the global thermal & inkjet disc printers market is projected to decline at a CAGR of around –5.8% from 2022-2032. The market is anticipated to reach ~US$ 376.2 Mn by 2032 from ~US$ 720.0 Mn in 2021.
The report further states that the thermal & inkjet disc printers market is expected to reach a valuation of ~US$ 685.6 Mn by the end of 2022. As per Future Market Insights, increasing demand for digitalization with rising need for the incorporation of advanced technologies for efficient data storage is expected to be one of the key factors contributing to the fall of the global thermal & inkjet disc printers market in the coming decade.
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Furthermore, increasing demand for on-demand cloud storage and high popularity of on-premise data storage options that are widely available across the globe are set to contribute to the reduced adoption of thermal & inkjet disc printers in the evaluation period. Moreover, the global thermal & inkjet disc printers market is set to be hampered by the surging adoption of cloud-based storage services. These offer various benefits such as the ease of portability, access, and huge data capabilities, which may limit and decelerate organizational growth.
Key Takeaways: Thermal & Inkjet Disc Printers Market
- By ribbon type, the monochrome black segment is estimated to decline at a CAGR of -6.4% through 2032 in the global thermal & inkjet disc printers market.
- Among ribbon suppliers, the OEM segment is estimated to decline by 6x during the forecast period in the global thermal & inkjet disc printers market.
- By technology, the direct thermal printing segment is anticipated to decrease at a CAGR of –1% between 2022 & 2032 in the thermal & inkjet disc printers market.
- The U.S. thermal & inkjet disc printers market is expected to decline at a CAGR of around –0% through 2032.
- In India, the thermal & inkjet disc printers market is expected to decline by 9x during the forecast period.
- The thermal & inkjet disc printers market in China is estimated to create an absolute dollar opportunity of US$ -26.2 Mn in the forecast period.
“To meet the increasing technology and storage requirements of several customers across various industries, organizations need to surge their investments in research & development activities. They are trying to incorporate new technology for pushing the demand for thermal & inkjet disc printers,” says a FMI analyst.
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Data Storage Advancements and Need for Safe Storage Solutions May Hinder the Market
Storage management is considered to be a critical priority for several businesses as data fuels more aspects of day-to-day life and business. As organizations handle huge volumes of data, using data storage strategies with advancements across the same becomes a key norm, which may hinder growth in the thermal & inkjet disc printers market.
The requirement for secured and flexible storage infrastructure with elastic services further contributes to the declining graph of the global thermal & inkjet disc printers market. Moreover, as large enterprises are proceeding towards digitalization and automation across storage management solutions, the demand for optics may be reduced drastically, which in turn, can hinder adoption in the market.
Key Companies Profiled
- Seiko Epson Corporation
- Primera Technology, Inc
- Formats Unlimited, Inc (MF Digital)
- Rimage Corporation
- Microboards Technology
- Casio Computer Co., Ltd
Thermal & Inkjet Disc Printers Market Outlook by Category
By Ribbon Type:
- Monochrome Black
- Color
- Photo
By Ribbon Supplier:
- OEM
- Aftermarket
By Technology:
- Direct Thermal Printing
- Thermal Transfer Printing
- Dye-Sublimation Printing
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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