March 23, 2012
2012 growth predicted to reach 4.5 percent, down from 6.7 percent growth recorded from 2011.
Research firm International Data Corporation (IDC) has predicted “a slow year” for Malaysia’s hardcopy peripherals (HCP) market in 2012 with growth expected to reach a slower rate, reports The Sun Daily.
HCP market growth is predicted to reach 4.5 percent for 2012, down from the recorded 6.7 percent growth in 2011, with inkjet HCP remaining the dominant factor.
The inkjet MFP saw substantial growth between 2010 and 2011, growing by 18.5 percent year-on-year, and accounted for 77 percent of the total inkjet market. Inkjet single-function printers fell by 17.5 percent, and represented just 23 percent of the total inkjet HCP market.
IDC Associate Market Analyst Donovan Low commented: “In recent years, demand for multi-function printing devices has been on the rise due to the narrowing price gap between multi-function and single-function printer, especially for the inkjet HCP.
“With a RM100 ($32/€24) or less price difference between an inkjet multi-function printer and inkjet single-function print, the trend looks set to continue.”
However IDC predicts that general spending from the government and private sector will remain sluggish with the approach of the general election. Vendors will see a shrinking of marketing budgets with the contraction of the global economy and household spending is also expected to slow down.
Low concluded: “Considering all these factors, IDC expects a slow year ahead for the HCP market.”
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