Gartner Says EMEA Printer, Copier and Multifunctional Product Market Declined 24 Per Cent in First Half of 2009

Egham, UK, (PresseBox) - The combined printer, copier and multifunctional product (MFP) market in Europe, Middle East and Africa (EMEA) totalled nearly 18 million units in the first half of 2009, a 24.4 per cent decline over first half of 2008 shipments, according to Gartner, Inc.

"The impact of the global recession has been detrimental for consumers, businesses and vendors respectively during the first half of 2009," said Tosh Prabhakar, senior analyst at Gartner. "Banks and finance institutions continue to hold back on lending, limiting the availability of credit for investment in new hardware devices. With reduced budgets, businesses cannot invest in new equipment and continue to hold onto existing devices, which as a result is hampering new sales and impacting revenues for the print vendors. However, as vendors see hardware sales decline, there is an upturn in vendors widening their document management software and services capabilities to help businesses reduce and better manage costs."

In the EMEA printer, copier and MFP market, each of the top-five vendors recorded a decline in the first half of 2009 (see Table 1). The vendors worst hit by the global recession were Hewlett-Packard and Canon which saw their shipments fall 31.5 per cent and 25.8 per cent respectively.

"We foresee the market in the second half of the year continuing to show double-digit decline, and in the worst-case scenario could reach a 30 per cent decrease," Mr Prabhakar said.

"Now that many end-user organisations have frozen their hardware spending, vendors are increasingly looking at alternatives such as managed print services and document-managed software as ways to increase revenue," said Mr Prabhakar. "Vendors must sell services to businesses that will help them better control costs, save on running costs, reduce cost-per-page issues and consolidate devices."

Additional information is available in "Printer, Copier and MFP Quarterly Statistics EMEA: Database." The document is available on Gartner' website at http://www.gartner.com/....

Gartner UK Ltd

Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the indispensable partner to 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,000 associates, including 1,200 research analysts and consultants in 80 countries. For more information, visit www.gartner.com.

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