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Compact Photo Printers Market Outlook with Industry Review and Forecasts 2017 - 2025
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Global Compact Photo Printers Market: Market Dynamics
Advancements in technology combined with desired features such as portability, flexibility, and good quality printing are the foremost features which contribute primarily towards the growth of compact photo printer market. With advancements in technologies, companies are developing pocket sized printers which offer strong connectivity with smartphones via numerous connectivity options.
Additionally, smartphone market is witnessing high growth in market numbers. Moreover, as the smartphone penetration increases mobile photo printers are anticipated to witness healthy growth in the market. Also compact photo printers are a cost effective solution and also adds on to privacy as one may not want to show all pictures clicked but want to save some cherished memories for themselves in the form of photos. As a result, inclination towards compact photo printers is anticipated to increase thereby increasing adoption in the market.
However, High power consumption and limited range are some of the factors that can restrain the growth of global Compact Photo Printers market.
Global Compact Photo Printers Market: Segmentation
Global compact photo printers market is segmented on the basis of printer type and region.
On the basis of printer type, the global compact photo printers market can be segmented into inkjet printers, Zink printers, thermal dye printers, photochemical printers and others.
Global Compact Photo Printers Market: Competition Landscape
HP Development Company, L.P. launched HP Sprocket in September 2017, which is a pocket sized printer and can click instant pictures with good quality.
The key vendors in the global Compact Photo Printers market are SAMSUNG, SONY INDIA, Canon India Pvt Ltd, HP Development Company, L.P., Epson India Pvt Ltd, Lexmark International, Inc., Fujifilm Corporation, PLR Ecommerce, LLC, LG Electronics, Eastman Kodak Company and Prynt Corp.
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Global Compact Photo Printers Market: Regional Outlook
Regionally, the global Compact Photo Printers market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
In the developed economies of the North America and Western Europe, there is a high focus on innovations owing to a luxurious life of population and rising disposable income, compact photo printers are anticipated to witness high growth rate in the near future. The APAC region is expected to be the show significant growth rate in the compact photo printer market.
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