Connect with us

E-Business

Global Digital Production Market Continues to Appreciate

Published

on

Kindly share this post

According to new research from International Data Corporation (IDC), the worldwide digital production color market continued its unabated growth of top-line shipment value in 2013.

The industry achieved record shipment values of $4.4 billion in 2013, fueled by growth in a range of technologies, from mid-production cut sheet to ultra-high volume inkjet systems.

The cumulative value of shipments is expected to approach $25 billion over the 2014-2018 forecast period, climbing from $4.6 billion to $5.4 billion with a compound annual growth rate (CAGR) of 4.2%.

“Between 2014 and 2018, IDC expects to see the sum of all production color shipments to surpass 353,000,” said Amy Machado, senior research analyst, Hardcopy Peripheral Solutions. “The high end of the market, albeit smaller from a unit perspective, is where the gold rush of pages is occurring with vendors vying for market dominance.”

The IDC’s report includes such result as aunnual unit shipments doubled from 2008 to 2013, growing from 32,031 units to 65,526 units, respectively.

The majority of this growth came from mid- and lighter production devices, which represented 95.8% of all units sold in 2013, and illustrates how color printing has become widely available to a broad range of lower volume environments.

A major shift is underway towards mid-production equipment, which offer the promise of higher productivity, improved color stability, greater substrate flexibility, and more professional finishing capabilities.

This shift began last year and IDC predicts that mid-production shipments will deliver a robust CAGR of 7.4% from 12,091 shipments in 2013 to 17,268 in 2018.

Full production, including laser (toner-based products) and inkjet presses, reached 2,732 shipments in 2013, representing an 11.7% increase from 2012.

IDC said that growth will continue through the forecast period with a CAGR of 4.9% and shipments reaching 3,466 units in 2018.

While these full production products represent a minority of unit shipments in the production color market, they will represent nearly 50% of the value of shipments in 2018.

Total growth in the production color market will continue, at a CAGR or 2.7%, through the forecast period, fueled by mid-production and higher volume equipment, and reaching 74,982 shipments by 2018.

The IDC report includes more than 20 tables and figures for each segment of the production color market, including detailed vendor market share, shipments, and equipment revenues for both the worldwide and U.S. markets.

Included in the report are IDC’s perspectives on the following:

Forecast – Worldwide unit shipments grew 6.1% between 2012 and 2013.

This was led by significant growth in the mid-production segment and steady growth in the full production segment. IDC predicts the equipment market will experience a 2.7% CAGR through 2018, led by full production inkjet presses and mid-production devices.

It shows that technology choices are expanding for production print service providers, from imaging technology such as toner, liquid toner, and inkjet, to a wide range of sheet- and web-fed presses offering full, half, and quarter size configurations, and finally options from light and mid volumes up to ultra high-speed presses.

These options provide a range of benefits, from low capital equipment costs for light production, to very low cost per page on high speed inkjet presses, and very high output quality and broad substrate flexibility on high-end sheet-fed presses.

Also, application expansion – With the expansion of technology choices, print service providers can target applications beyond the traditional document market.

This includes core applications produced by commercial print providers, publications, direct marketing, and packaging.

Print Service providers are entrepreneurial and opportunistic and will leverage these technologies to help transform key applications segments currently served by analog print technologies.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

Published

on

Kindly share this post

National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


Kindly share this post
Continue Reading

E-Business

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Published

on

Kindly share this post

Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


Kindly share this post
Continue Reading

E-Business

Konga launches Infinix Brand Week with Incredible Deals

Published

on

Kindly share this post

Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


Kindly share this post
Continue Reading

Trending