Inkjet Wholesale News aims to provide updates on the latest significant occurrences in the field of printing. Whether it’s the launch of a new technology or volatility of market prices, we’ll be here to give you the lowdown on what happened, when it happened, and what it means!
World Patent Marketing Predicts Global Print Market to be worth $1 trillion by 2018
The global print market will be valued around $1 trillion in the next three years, if the CEO of World Patent Marketing is to be believed. Attending the Graphics of the Americas Trade Show that was held at the end of February, 2015 in Miami, Florida, USA, the CEO and Creative Director of World Patent Marketing, Scott J Cooper predicted that they are forecasting a global print market worth $1 trillion by 2018. To put this in context, $1 trillion converts to about 1.3 trillion in Australian dollars.
The reasoning behind Scott J Cooper’s forecast is that the demand for latest technologies in the printing sector will continue to intensify in the next three years. This intensification will be a result of the growth in the social networking market and the digital printing sector. Cooper went on to elucidate that the estimated growth levels of the global print market means that there will be lots of opportunities for profits. However, at the same time, Cooper chose to qualify his statement by stating that the profit opportunities will mainly be available to those organisations that operate ‘on the cutting edge’.
The Graphics of the Americas Trade Show is an exhibition event for showcasing printing inventions and boosting graphics communications in the Americas for organisations based in the Caribbean, Central America, South America, and North America.
While World Patent Marketing made predictions for the global print market, DigiTimes of Taiwan has reported that Epson is predicting the Japanese print market to grow to more than $106 billion which converts to approximately 1.3 billion Australian Dollars.
The $106 billion estimate can be divided into separate segments in the print market. These separations are about $25 billion for the residential and commercial segment, around $33 billion for the black and white segment, and approximately $37 billion for the colour segment.
Along with this, the Epson source revealed that the printer manufacturer is projecting these numbers despite the fact that the revenues from the Japanese print market dropped by 10 percent. In addition, DigiTimes’ source at Epson also commented on the Taiwanese and Chinese [print markets. Shipment in the Taiwanese print market, as per this source, can be expected to touch 400,000 for inkjet printers and 180,000 for laser printers by 2015. On the other hand, the sourced stated that the Chinese print market will shrink.
The information was cited by DigiTimes to a ‘source’ at Seiko Epson. The source at Epson, supposedly, revealed the information based on shipment values. According to the source, projections at Epson suggest that inkjet printers in the commercial as well as residential print market segments will touch approximately 70 million shipments by the next year.
Epson’s estimates for inkjet printers in Japan were supplemented by their projections for laser printers whose shipments they expect to touch 40 million by 2015. These numbers, as per Epson, show a slow decline in shipments. Despite this minor decline, Epson says that the print market will grow. Their estimates put the ‘total market value’ of inkjet printers including colour and black and white inkjet printers at about ¥12.8 trillion by 2015 which converts to about $1 billion.
ECi Adds Naverisk to Its Assets
ECi Software Solutions has decided to add Naverisk Limited to its assets within its Managed Services portfolio. Naverisk is a company based in Auckland, New Zealand that is known for its Remote Monitoring and Management (RMM) and Services Desk Solution services. It is the former capacity of Naverisk Limited that attracted ECi to the deal. In a combined Press Release, ECi also revealed that this recent acquisition will combine with other initiatives from the company designed to support and empower small to medium scaled businesses through new services and solutions.
While the deal is complete, its details haven’t been revealed by either party. According to ECi’s Chief Executive Officer and President, Ron Books, the company will be combining its e – automate service management solutions and FM Audit managed print services with the RMM Suite of Navarisk. Books said that this combination will ‘create a powerhouse option’ for Managed Service Providers (MSPs) relying on ECi’s services.
As per the Press Release, ECi revealed that they had recognised IT services as a segment that will grow at a rapid rate in the near future. More importantly, a large chunk of ECi’s client base is involved in the IT services segment. In fact, ECi’s client base consists of many Managed Print Services providers who have to keep in touch with upwards of six million devices spread across the world. This is why the company decided to provide solutions that will help such client businesses and their respective expansion efforts.
ECi also specified that the acquisition followed hard on the back of detailed research into Naverisk. ECi’s studies revealed Naverisk to be a good fit for the company’s existing products particularly since the Auckland based company had a web cloud based business model. ECi also found Naverisk to be unique and innovative because of the way it unified its RMM and Service Desk Management offerings.
ECi has decided to take Naverisk’s Founder and CEO Jon Kalaugher on its payroll in the role of the President of Naverisk. Kalaugher said that even though they weren’t looking to sell Navarisk, they decided to go ahead with the decision after realising that their company and ECi were highly compatible. He stated that the two companies were synergistic in terms of their business expansion strategies as well as their focus on customer satisfaction. Also, Kalaugher remarked on how the two companies are both focused on the IT sector.
The two companies will now implement a convergence between their Managed Print Services and Managed IT solutions so as to give end users a distinguishable advantage over their competitors. What this means is that both companies’ clients will be able to offer the same system for managing IT and print devices to their respective customers.
ECi Software Solutions is known worldwide for providing ecommerce solutions and business solutions to customers on multiple formats including cloud and on premise. ECi’s FM Audit is tailored to cater to companies that provide managed print services by helping them analyse the market, create solutions, and even market those solutions to clients. ECi’s e – automate provides an ERP software to clients that deal in selling or servicing technology to other businesses. E – Automate is a completely integrated and comprehensive software suite.
Naverisk was launched in 2010 and has since been growing steadily to a point where it now spans 20 countries. Naverisk’s RMM Suite consists of utilities and tools that are designed to help small to medium scale companies streamline and manage their IT operations.