A new Transparency Market Research report states that the Africa printer market was estimated at US$2,300.0 million in 2012 and is predicted to reach US$4,181.3 million by 2019, expanding at an 8.8% CAGR between 2013 and 2019. The title of the report is “Africa Printer Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”.The economy in African countries is witnessing exponential growth in demand for printer technologies owing to rising energy investments and due to growth of the sector of communication and information technology. As per the African Development Bank, more than one-third of the countries in Africa hold a GDP growth rate greater than 6%. This increased growth rate has attracted global manufacturers of printers to the developing economies in Africa owing to the inconsistency in the demand for these printers globally.
Browse the full Africa Printer Market (Laser, Inkjet and Dot-matrix) – Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019 report at https://www.transparencymarketresearch.com/printer-market.html
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As per the report, the rise in demand for multifunction printers (MFP) in mid-sized enterprises (SMEs), small and corporate enterprises, and in government agencies has fuelled the printer market in Africa. In addition, the reduced prices of printers are also augmenting their demand in Africa. On the other hand, the transferring of the workflow to the electronic format from hard copy is a key factor impeding the growth of the market
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