According to a report “India Print Services Market Size & Forecast 2026”, by Chrome Analytics, the print services market in India is expected to be around USD650 billion in 2021 and is forecast to cross USD1100 million by growing at a CAGR of more than 12% during 2021-26. In India, IT/ITES along with BFSI sectors have grown by leaps and bounds due to rising technological adoption within these institutions, this has led to an increase increasing demand for print services by these organizations for addressing their issues. Rising need for these companies to manage paper consumption has been the primary driver for the growth of the print services market.
Indian companies are now looking at the benefits of print services such as ease of use, flexibility, affordability, scalability. Growing focus on companies to find sustainable business solutions and reducing their carbon footprint is also a major reason for the growth of the print services market in India. The demand for these services especially arrives from companies having offices across multiple locations such as Financial Institutions, IT and ITES companies, telecommunication, etc. Many of these companies are focusing on implementing newer technologies that can offer better connectivity such as offering one-touch access to the cloud and security features, securing the corporate printers against cyber-attacks, and expanding the core delivery capabilities and product portfolio.
IT/ITES and BFSI account for the highest share in the country’s print services market. The ever-increasing need for many IT companies to streamline the internal document flow is the primary reason for the demand. BFSI sector on the other hand has high paper consumption and many financial institutions in the country are increasingly making investments in print services so as to reduce the cost as well as paper consumption.
India’s print services market has been segmented into four regions, these are North, South, East & West. Western region accounted for the maximum share in the market primarily due to the presence of a large number of offices and multinational companies in cities such as Mumbai, Pune, Ahmedabad etc. During the forecast period, the market share of the Western region is expected to remain the highest followed by Northern and Southern regions.
In India, cloud-based deployment currently holds the highest share in the print services market followed by hybrid and on-premises systems. The increasing need for many IT companies to streamline the internal document flow along with maintaining cost-effectiveness is the primary reason for the high demand for cloud-based deployment.
The report offers insights around the current market scenario which comprises the market size, growth rate along with market drivers, challenges, current trends, and opportunity areas. The report also includes detailed information about market segmentation and key competitors present in those segments.
Key market players, which are covered in the report include:
· HP Development
· Canon
· Sharp Corporation
· Xerox
· Toshiba Corporation
· Samsung
· Wipro
· Quadsel
· Lexmark
The India Print Services Market has been segmented by type of organisation i.e., small, medium, and large, by type of deployment Cloud, On-Premise and Hybrid. The market is also segmented into the end-use sector (BFSI, Education, Government, Healthcare, Manufacturing, Retail & Consumer goods, Telecom & IT and Others.
The report, “India Print Services Market”, has been developed by gathering information based upon primary as well as secondary sources. Primary research conducted during the process includes interviews with Print Services providers along with various industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports, news articles and other proprietary databases.
About Chrome Data Analytics & Media
Chrome DM is a technology-driven market research firm with a Pan-India on-ground presence. As of September 2017, the organization has a team of 650+ field staff, 150+ managerial staff and 450 tele-callers speaking over 22 languages to gather data from 5817 towns. With a presence in over 5,99,623 villages, Chrome DM also has an unprecedented reach into Rural India. Since its inception, Chrome DM has worked with some of the biggest brands across industry verticals, including Dabur, Gionee, Lava, Sony, Samsung, Government of Rajasthan, BJP, Employee Provident Fund Organization, Star India, Bureau of Energy Efficiency, Times Group, Future Group, Mercedes, Cafe Coffee Day, Zee, Soulflower & Mahindra amongst other reputed organizations, by providing them research & advisory.
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With the advancement in technology, every industry has witnessed significant growth in its functioning.
No matter what kind of business you own or the sector you are in, printing services are an essential part of all business sectors.One of the major revolutions in the printing industry is the digitalization of its services.
There are several printing methods to choose from, and when you have little or no knowledge about the same it can become a little difficult for you to make your choices sorted.There are several types of professional printing services from which you can choose.
Here is a quick guide on some popular printing services that you can avail of, both offline and while printing online: Digital Printing: This method is one of the most popular printing techniques in the modern online print industry.
Instead of using metal plates to transfer the image to be printed, digital printing presses the image directly onto the substrate.
Flexography: Flexography printing is nothing but the updated version of the letterpress printing method.
