According to a latest update, printer market is facing a slump in India. Stats revealed the Q1 of 2012 has faced a slump of over 13 percent in the page printer market and over 3.3 percent decline in the inkjet printers market in comparison o the first quarter of 2011. 

If reports are to be believed, Managed Print Services business is the significant culprit for the decline in printer shipments. It is anticipated that the trend will also continue in future as well.

According to a research analyst, MPS is a good as well as a bad thing for printer market. Through MPS, one can easily consolidate many printers. Earlier companies were using 10 to 20 printer, which have now been replaced by one or two printers doing the same amount of work. As a consequence, the number of printers and multi functions devices (MFDs) has dropped down. 

The advancement of mobile media such as smartphones and tablets as a means of communication and slow consumer spending have further contributed to the already dipping printer shipments. 

Market watchers believe, now there is very little scope for new entrants in this already shrinking printer market. 

Presently, HP is enjoying lion’s share with over 50 percent in Indian printer market and it is expected that HP will continue to become the top player in Indian printer market. The second spot is grabbed by Canon with 21.8 per cent market share, followed by Epson and Samsung with 9.8 per cent and 7.9 per cent market share, respectively.  

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