MFP market growth report
Research published by Global Market Insights
- Predicts that global market for MFP will see a CAGR (cumulative annual growth rate) of 5.5% from 2024 to 2032
- Will reach $11 billion in revenue by 2032
- Customers are looking to replace print-only devices with multi-function devices
- Enhanced security protocols also driving customers to replace older MFPs
- More manufacturers will move from laser to LED print engines
- Healthcare vertical increasing demand for MFPs helps drive growth