According to AMI Partners, total printer spending by India small businesses amounted to $285 mln in 2004. The manufacturing (28%), professional business services (20%) and other services (20%) sectors drove nearly 70% of this total spending. Analysts predict a 24% growth in expenditures over the next five years. Over 65% of all India PC SBs experienced an increase in their annual revenues during the last twelve months, with over 25% reflecting an annualized revenue growth rate exceeding 10%. AMI’s study revealed that 37% of India PC-owning SBS plan to expand their workforce and 9% of them expect to open new branches over the next year. A total of approximately 0.3 mln printers is likely to be purchased by India small businesses in the next 12 months. 13% of India PC small businesses use color laser printers currently.
Total spending on printers by India small and medium businesses (SMBs) exceeded $300 mln over the last 12 months, and is expected to grow at a CAGR of roughly 22% over the next five years. The increased availability of low-cost printers coupled with the adoption and usage of integrated printing solutions has resulted in significant cost savings to India SMBs. The India SMB market is currently dominated by inkjet and dot-matrix printers; however, many India SMBs are adopting color solutions as well. Today, 26% of India MBs have adopted color laser printers, which account for 12% of their current installed base.