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The combined printer, copier and multifunctional product market in India declined by 2.5 per cent in the first quarter of 2011 as compared to the same period last year, according to a report from Gartner.
The market totalled 6.65 lakh units in the first quarter of the year.
“The revision in IT budgets towards the end of the fiscal year 2010 led to controlled purchasing of print devices and IT hardware spending,” said Ms Amrita Choudhury, Research Analyst at Gartner. “However, the future outlook is positive. Purchasing will beef up in the coming months as economic activities will resume momentum,” she said.
With a market share of 56.7 per cent, HP remained the leader in the Indian context followed by Canon (21.7 percent), Epson (7.5 per cent) and Samsung (6.4 per cent).
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