Burgeoning Demand for Safety to Push Use of Cloud-based Storage, Positioning Thermal & Inkjet Disc Printers Market at US$ 376.2 Mn by 2032

According to Future Market Insights (FMI), the global thermal & inkjet disc printers market is projected to decline at a CAGR of around -5.8% from 2022-2032. The market is anticipated to reach ~US$ 376.2 Mn by 2032 from ~US$ 720.0 Mn in 2021.

The report further states that the thermal & inkjet disc printers market is expected to reach a valuation of ~US$ 685.6 Mn by the end of 2022. As per Future Market Insights, increasing demand for digitalization with rising need for the incorporation of advanced technologies for efficient data storage is expected to be one of the key factors contributing to the fall of the global thermal & inkjet disc printers market in the coming decade.

Furthermore, increasing demand for on-demand cloud storage and high popularity of on-premise data storage options that are widely available across the globe are set to contribute to the reduced adoption of thermal & inkjet disc printers in the evaluation period. Moreover, the global thermal & inkjet disc printers market is set to be hampered by the surging adoption of cloud-based storage services. These offer various benefits such as the ease of portability, access, and huge data capabilities, which may limit and decelerate organizational growth.

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Key Takeaways: Thermal & Inkjet Disc Printers Market

· By ribbon type, the monochrome black segment is estimated to decline at a CAGR of -6.4% through 2032 in the global thermal & inkjet disc printers market.

· Among ribbon suppliers, the OEM segment is estimated to decline by 0.6x during the forecast period in the global thermal & inkjet disc printers market.

· By technology, the direct thermal printing segment is anticipated to decrease at a CAGR of -6.1% between 2022 & 2032 in the thermal & inkjet disc printers market.

· The U.S. thermal & inkjet disc printers market is expected to decline at a CAGR of around -8.0% through 2032.

· In India, the thermal & inkjet disc printers market is expected to decline by 0.9x during the forecast period.

· The thermal & inkjet disc printers market in China is estimated to create an absolute dollar opportunity of US$ -26.2 Mn in the forecast period.

“To meet the increasing technology and storage requirements of several customers across various industries, organizations need to surge their investments in research & development activities. They are trying to incorporate new technology for pushing the demand for thermal & inkjet disc printers,” says a FMI analyst.

Data Storage Advancements and Need for Safe Storage Solutions May Hinder the Market

Storage management is considered to be a critical priority for several businesses as data fuels more aspects of day-to-day life and business. As organizations handle huge volumes of data, using data storage strategies with advancements across the same becomes a key norm, which may hinder growth in the thermal & inkjet disc printers market.

The requirement for secured and flexible storage infrastructure with elastic services further contributes to the declining graph of the global thermal & inkjet disc printers market. Moreover, as large enterprises are proceeding towards digitalization and automation across storage management solutions, the demand for optics may be reduced drastically, which in turn, can hinder adoption in the market.

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More Valuable Insights on Thermal & Inkjet Disc Printers Market

Future Market Insight’s report on the thermal & inkjet disc printers industry research is segmented into four major sections – ribbon type (monochrome black, color, and photo), ribbon supplier (OEM and aftermarket), technology (direct thermal printing, thermal transfer printing, and dye-sublimation printing), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the thermal & inkjet disc printers demand outlook.

Thermal & Inkjet Disc Printers Market Outlook by Category

By Ribbon Type:

  • Monochrome Black
  • Color
  • Photo

By Ribbon Supplier:

  • OEM
  • Aftermarket

By Technology:

  • Direct Thermal Printing
  • Thermal Transfer Printing
  • Dye-Sublimation Printing

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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