Subscription Economy to Be Worth Almost $1 Trillion by 2028
A new study by Juniper Research found that by 2028, subscription economy revenue will reach $996 billion, up from $593 billion in 2024; a substantial rise of 68%.
Worldwide shipments of hardcopy peripherals (HCP) increased 1.7% to nearly 23.8 million units in the first quarter of 2018 (1Q18), according to IDC. This was the sixth consecutive quarter of year-over-year growth for the overall market. Both inkjet and laser unit shipments contributed to the positive momentum, expanding 2.1% and 1.0% year over year, respectively.
Five out of eight IDC regional markets recorded year-over-year growth in the first quarter with the Middle East & Africa leading the pack with a 19.6% increase and 1.6 million units shipped. Inkjet delivered year-over-year growth for the sixth consecutive quarter in 1Q18 with a 2.1% increase to 14 million units shipped. Strong growth in the business inkjet market (9.7% year over year) was the key contributor to overall inkjet market growth.
Both A4 and A3 multifunctional printers (MFPs) in color and mono laser markets continued to grow, recording year-over-year gains of 1.9% and 4.0%, respectively. HP enjoyed 4.2% year-over-year growth in global shipments with a particularly strong performance in the U.S., China, and India. Canon overtook Epson for the top position in the Asia/Pacific (excluding Japan) region in 1Q18 with 9.1% year-over-year growth and its highest regional shipment total ever with 1.17 million units in the quarter.
HCP Market, Shipments, Share, and Growth, Q1 2018 (based on unit shipments) | |||||
Companies | 1Q18 Unit Shipments | 1Q18 Market Share | 1Q17 Unit Shipments | 1Q18 Market Share | 1Q18/1Q17 Growth |
1. HP | 9,733,802 | 40.9% | 9,345,545 | 40.0% | +4.2% |
2. Epson | 4,443,154 | 18.7% | 4,206,139 | 18.0% | +5.6% |
3. Canon | 4,392,299 | 18.5% | 4,531,396 | 19.4% | -3.1% |
4. Brother | 1,783,247 | 7.5% | 1,787,254 | 7.6% | -0.2% |
5. Kyocera | 546,610 | 2.3% | 524,978 | 2.2% | +4.1% |
Others | 2,892,136 | 12.2% | 2,996,617 | 12.8% | -3.5% |
Total | 23,791,248 | 100.0% | 23,391,929 | 100.0% | +1.7% |
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