United Arab Emirates printer market up 2.2% in 2004, to remain flat in 2005
After expanding by nearly a third in 2003, the United Arab Emirates printer market grew only 2.2% in shipments to over 262,000 units in 2004. According to IDC, revenue grew by a mere 0.9% as prices continued to fall. The surge in popularity of MFPs and the increasing use of networking and departmental printers has resulted in a significant slowdown in the single-function printer market. As a result, IDC expects the UAE printer market to be flat in 2005 and start contracting in 2006.