The Mobile Printing Market is expected to grow from USD 2.114 billion in 2025 to USD 3.030 billion in 2030, at a CAGR of 7.46%.
Mobile printing is a process where data is sent from a smartphone to the printer wirelessly and is an emerging printing process. Mobile printing can be done via two approaches: the first one involves direct data transfer to the printer by a mobile phone, and the second one involves an indirect data transfer from a mobile phone to a computer attached to the printer. This technology enhances the security of the device and system by enabling the user to set a password to prevent any unauthorized access. It also reduces the overall installation costs of network points and fitting cables.
The market for mobile printing is increasingly being driven by the rising number of smartphone and tablet users, the growing mobile workforce, and the high rate of adoption of BYOD (Bring Your Own Device) programs among various enterprises. A growing focus on a centralized printing environment to reduce installation costs of a large set of printers at the workplace will further propel the growth of the global mobile printing market during the forecast period. However, security concerns regarding potential data leaks through unauthorized access to printed documents will hinder the growth of the global mobile printing market. North America is expected to hold a significant market share due to the increased adoption of cloud storage technologies, while Asia-Pacific is expected to witness the fastest growth.
The market is expected to surge in the coming years, due to the rising number of mobile and smartphone users worldwide. According to the data given by the International Telecommunication Union, there were around 7.98 billion mobile cellular subscriptions in the year 2019. The number has been expected to surge at an exponential rate, due to the rising population, increasing urban population, and growing disposable income, worldwide. The ITU had also stated that around 4 billion people, or 51% of the global population, had been using the internet in the year 2019. The Asia Pacific and the North American regions are expected to play a major role in the market growth in the coming years. According to the data given by the World Bank, there had been around 8 in 10 individuals in developing nations own a mobile phone. Around 98% of the population in high-income nations owns a mobile phone. In the Sub-Saharan African region, around 73% of the population owns a mobile phone. The number is expected to surge at a significant rate in the coming years.
The market is expected to surge in the coming years, due to the rising trend of BYOD worldwide. This novel concept allows the employees to carry their own digital devices and work on them. According to the survey conducted by Dell, around 50% of 30+ and 61% of Gen Y workers believe the tech tools they use in their normal and personal life have been more productive and effective than the ones they use in their corporate or work life. The survey also stated that 60% use a smartphone for their work, and around 31% have to desire to use one. Cisco, one of the major tech giants worldwide, has stated that companies and firms favoring and promoting BYOD have been making yearly savings of US$350 per annum, per employee. These trends and developments are expected to play a major role in the market growth.
Major companies have been making significant developments in the market in the past few years. For instance, in June 2021, PrintekMobile, a key provider of rugged mobile printers, announced that it had launched a novel Interceptor 80 mobile thermal printer series. The novel printer uses the ability to print work orders, full-page receipts, tickets, invoices, and other printing options for vehicle applications. Other players have also been making significant developments in the market. For instance, in February 2021, TSC Printronix Auto ID, a key player in barcode label printing solutions, announced the launch of a novel Alpha-40 L and Alpha-30 L mobile printers. The company has been expanding its mobile printer’ line and has been offering advanced management features and productivity for a premium mobile printing experience.
The rising investment by key players in the market is expected to propel market growth in the next decade. In December 2020, ezeep, a major provider of cloud printing services and solutions, announced the launch of a novel ezeep mobile print application to enhance cloud-based mobile printing. This novel app allows easy printing from Android, iPads, and iPhone devices to any ezeep-connected network printer.
Global Mobile Printing Market Segmentation: