HP Owns Over 60% of Business Inkjet Revenues
HP has boasted the strongest year-on-year growth in the business inkjet segment ahead of Epson, taking 60 percent of the market revenue in 2014. The company’s revenues grew by 16 per cent, compared to its rival, which only saw a four per cent increase and a market share of 16 percent.
Overall imaging revenue increased by one per cent across Western European distribution throughout 2014, driven by multi-function laser and inkjet technology printers, according to data from IT market research company, Context.
Revenues of these devices were also up by seven per cent year-on-year due to a double-digit revenue increase in the business inkjets segment.
Germany proved to be the largest market with a revenue growth of four per cent, and the UK close behind with one per cent increase in 2014 compared to the year before.
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