The global market for wireless Bluetooth printers is expected to witness a 1.8x increase in revenue during 2017-2025
As stated by Persistence Market Research, the global wireless Bluetooth printer market is anticipated to grow at a steady rate to reach a significant value by the end of the assessment period. The wireless Bluetooth printer market has been experiencing steady growth during 2012-2016 period. According to this research report, it is expected to grow at a robust rate in the years to follow. It is projected to expand at a value CAGR of 7.65% throughout the period of assessment, 2017-2025 to reach a valuation of more than US$ 43 Bn by the end of the year of assessment from a value a bit under US$ 24 Bn in 2017. This noteworthy jump in revenue can be attributed towards reduction in usage of cables, reduction in costs, enhanced flexibility and increased productivity. Moreover, trends such as rising adoption of portable printers, rising implementation of POS printers in various industries and growing need for cost efficient printing are also pushing the growth of the global wireless Bluetooth printer market.
Mobile photo printing and touchscreen Bluetooth printers to offer high growth opportunities in the future
With the advancements in technology, companies are developing printers which are pocket-sized, and offer strong connectivity with smartphones via Bluetooth connections. Additionally, the smartphone market is witnessing high growth in market numbers. Moreover, as smartphone penetration increases, mobile photo printers are expected to witness healthy growth in the market. Nowadays, printer manufacturers are shifting their focus towards developing printers with advanced features to captivate users into buying them. Various new features are replacing traditional devices, making present devices more user-friendly, one among which is touchscreen capability. Touchscreen Bluetooth printers provide an easy-to-use interface, easing the task of changing printer settings, and making the operations more convenient and speedy for customers to use. These features make the devices more captivating, in turn, rising the adoption of Bluetooth printers in the market.
Thermal wireless Bluetooth printers to show high growth potential during the forecast period
Thermal printers are non-impact printers which use the technology of coating the paper with a dry wax-based ink pigment. These printers have a fast printing speed, and are usually deployed in special applications, such as label, ticket, or receipt printing. The thermal wireless Bluetooth printers segment in the printer type category is expected to rise at a high CAGR of 7.5% during the period of forecast. In 2017, this segment stood at US$ 8393 Mn and is estimated to reflect a valuation more than US$ 14 Bn by the end of the period of assessment (2025).
Zink wireless Bluetooth printers segment to witness high speed growth in the coming years
Zink printing technology does not use any ink or toner. This technology works with a specially manufactured paper which is coated with a composite material of cyan, yellow, and magenta dye crystals, which are embedded inside an overcoat. These printers provide high quality printing, and are usually used for printing photos. The zink wireless Bluetooth printer segment is expected to grow at the fastest rate to register a stellar CAGR of 10.59% during the period of forecast, 2017-2025.
A recent market research study on global wireless Bluetooth printer market has been carried out by Persistence Market Research and the facts and figures have been included in its new detailed research publication titled “Wireless Bluetooth Printer Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. It reveals several facets of the global market across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. A global market representation is depicted which will enable the reader to get a detailed glimpse of the global market based on which new strategies can be devised and executed based on the target audience. This report gives an in depth analysis on the various factors present in the global market which have an influence over the market expansion. Various opportunities and trends are also sketched which will decide the future prospects in the wireless Bluetooth printer market along with drivers which directly impact the market growth. Analysis of market restraints would assist in slating essential detours in order to avoid major hurdles in the market and establish a proper growth path for the years to come. The research study thus unmasks a holistic angle from a global standpoint.
Strong research methodology to gain actionable intelligence
A unique research process is followed at Persistence Market Research which is used to draw conclusions with the help of accurate statistical representations. Initial phase of this research methodology involves massive secondary research which gives a direction to carry out further research based on the well-defined market definition. After obtaining sufficient market understanding, a primary research is carried out in which key players, domain experts and market observers are interviewed. Gathering data from the key opinion leaders and market observers with the help of primary intelligence can improve the quality of the data and consecutive re-evaluations and validations of the data at every stage of the primary research help in improving its accuracy which increases the chances of reducing deviations in the statistical analysis thus improving the research credibility to a greater extent.
In-depth competitive analysis
Decisions are always subject to situations that can vary with the change in the market dynamics. Competition is one such aspect. A separate section on competitive scenario is available in the wireless Bluetooth printer market research report that analyses the key market players involved in the market activities. Information on the various products and services (product portfolio), distribution channels, expansion in various geographies, growth strategies, marketing plans and promotion tactics, mergers and acquisitions taking place or taken place in the recent past, etc., are few the many important aspects that are analyzed about the key players present in the global wireless Bluetooth printer market.
The global wireless Bluetooth printer market research report delivers valuable insights and the credibility of the research report lies in this actionable intelligence that it provides, that can be used to establish a global footprint. Just a click away, the reader can avail information on any segment, any region and any technology. Real time analysis has increased the weightage of the research giving an all-inclusive angle to the market study which assists the viewers in chalking important corporate strategies pertaining to price, place and promotion along with regional forecasts.