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Good-bye Printer, Hello MFP: Lyra Forecasts Triple-Digit Growth for Color Laser MFPs

19 Sep, 2005

Good-bye Printer, Hello MFP: Lyra Forecasts Triple-Digit Growth for Color Laser MFPs

Lyra Research (www.lyra.com) expects color laser MFPs to become the hot product in small-office/home-office (SOHO) environments, small and medium-sized businesses (SMBs), and small corporate workgroups. According to Lyra’s newly released report, The Replacements: Monochrome and Color Laser MFPs, North American shipments of color laser MFPs will grow at a compound annual growth rate of more than 220 percent (see figure), as buyers in these environments replace their current hardware—typically monochrome laser printers.

“Color laser MFP usage arising from this aggressive growth will vary by environment. For example, SOHO settings will use color laser MFPs to produce both monochrome and color output, with low average monthly print volumes,” explains Larry Jamieson, director of Lyra’s Hard Copy Industry Advisory Service. “On the other hand, small corporate workgroups are more likely to have well-defined color requirements coupled with large on-site print and copy volumes. Because most corporate users will also have access to monochrome devices, color laser MFPs will be reserved more for color output.”

About the New Report

The Replacements: Monochrome and Color Laser MFPs provides vendors and affiliated component manufacturers with comprehensive worldwide and regional forecast data for monochrome laser MFPs, as well as worldwide and North American forecasts for color laser MFPs. In addition to shipment, revenue, and installed-base forecasts, the report includes a detailed vendor analysis. This extensive report offers essential information for vendors interested in refining product-development and marketing plans in order to gain market share in this fast-growing hardware segment.

About Lyra Research

Founded in 1991, Lyra Research is recognized worldwide as the leading provider of market, product, and technology information and analysis focused on the imaging industry. Lyra Research provides targeted information on printers and copiers, digital photography, and imaging supplies to more than 2,000 clients in more than 40 countries. Lyra's portfolio of services includes leading industry newsletters, special market reports, advisory services, conferences, Webcasts, and custom consulting.

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