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
– Elliptic Cybersecurity published warning about “sophisticated” new Android trojan named “Mirax” – Can be rented by hackers for up to $3,000 per month – Hackers could use to gain control over devices – Allows attackers to bypass security measures and steal sensitive information – (Ricoh MFPs use Android OS)
– Article published by RTMWorld magazine – “widespread price revision for a substantial portion of their office and commercial printing lineup” – “scheduled to take effect on 8/3/2026” – Includes A3, A4, color, b/w MFPs and production print systems – Due to “persistent inflation of raw material and procurement costs” – Price increases range from […]
AI now being used by hackers – Google report – Google published warning that it has identified a new zero-day exploit that has been developed by hackers using artificial intelligence (AI) – Exploit is designed to bypass 2-factor authentication on open source web-based system administration tool – Was implemented in a Python script – (Python […]
– Foxconn, aka Hon Hai Precision of Taiwan, parent of Sharp, has been hit by the Nitrogen ransomware gang of Russia – Hackers claim to have stolen 8 terabytes of data with 11 million files from Foxconn’s network after it successfully hacking into a Foxconn-owned manufacturing plant in Wisconsin – Stolen files apparently contain confidential […]

