Ongoing concerns with the economy are affecting investments in print, resulting in fewer devices being required and deployed as the footfall and occupancy in the office is much less than it was pre-COVID-19 pandemic. This results in a continuation of the decline in the hardcopy forecast, said Phil Sargeant, senior program director, Imaging, Printing, and Document Solutions.
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IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Demand for Remanufactured Devices will Create Opportunities for Some
Subscription Models can Make Printing More Cost-Effective
Inhibitors
Economic Uncertainty will Continue and Impact Sales Negatively
Customers Are Replacing Their Fleets with Fewer Devices
Digitization Continues to Gain Traction in Paper-Intensive Processes