by Hunter Feybusch
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by Hunter Feybusch
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- Report Published by SkyQuest Research
- Global Market MFPs was valued at $74.8 billion in 2023
- Includes Inkjet and toner based devices
- Reached a total of $78.3 billion in 2024
- Projected to surpass $113.5 billion in 2035
- CAGR of 4.7%
- Top Vertical Markets for growth are:
- Healthcare
- Banking/Finance/insurance
- Government
- Education
- Top reasons customers want to acquire new MFPs are:
- Cyber security & regulation compliance
- Cloud-Enabled
- Support Hybrid workers
- Document process workflows
– Man in his 20s was arrested and sentenced to 2 years in prison in South Korea – Convicted of using a color MFP to make twenty 50,000 won banknotes Counterfeit bills used at convenience stores and restaurants
– Cyber Insider magazine published article about last week’s Pwn2Own hacking convention in Dublin, Ireland – Part of the event was a contest challenging hackers to compromise different brands of MFPs that were on stage – The following MFPs were successfully hacked, and prize money paid out: – Canon imageFORCE 1643F – Brother MFC-L8970cdw – […]
– Research published by Reliable Business Insights – Projected CAGR (compound annual growth rate) of 14.6% – Global market valued at $22.1 billion – MPS market growth driven by: o shift in demand from ownership to outcome-based solutions moving away from the capital-intensive model of buying and maintaining a fleet of printers to an […]
– Research report published by IEEE Xplore – Analyzed reliability of more than 400,000 hard disk drives from a variety of manufacturers – Includes Hitachi, Seagate, Toshiba, Western Digital, etc. – Toshiba hard disk drives between 50 and 100 months old, had a failure rate of up to 6 of 1,000 drives per month o […]

