November 16, 2012
TechNavio analysis expects region to drive for business expansion.
Analysis firm TechNavio has issued a new report detailing predictions on the Russian printer market from 2011 to 2015 in which the firm predicts that the region is set to see developments leading to a compound annual growth rate (CAGR) of 11.8 percent, reports SBWire.
The report entitled The Printer Market in Russia 2011-2015 anticipates the growth, attributing the drive for business expansion as one of the key factors, as well as experiencing a proclivity towards printers featuring customised capabilities.
However, as with a majority of regions, TechNavio states that online developments may challenge developments in the market.
The report is also stated to address a number of issues including the predicted market size in 2015, as well as calculating the growth rate; key market trends; strengths and weaknesses of key vendors; among others.
Print industry growth was also predicted by InfoTrends in August, citing a predicted CAGR of 11.7 percent with Director Ralf Schlozer commenting: “To date, the market is relatively small, but growing rapidly as the gap to Western Europe is declining. There is rapidly increasing demand for digital print in many market segments and the retail value of print in Russia is expected to have an overall CAGR of 23.3 percent, reaching $1.8 billion (€1.46 billion) in 2016.”
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