User login

Digital Revenues Expected to Rise $70 Billion by 2010

(March 2007) posted on Fri Mar 30, 2007


click an image below to view slideshow

According to I.T. Strategies, worldwide sales of hardware, media, and chemistry for narrow- and wide-format inkjets and color electrophotography raked in $103 billion in 2005. The company forecasts an increase to $173 billion by 2010.

Chemistry, which includes inks and toner, accounted for more than $50 billion—almost half of all revenues in 2005. I.T. Strategies expects chemistry’s share to exceed $100 billion, or 58% of the market. Hardware, which earned $20.3 billion, or 30% of revenues, in 2005 will drop to 17%, or $28.5 billion, in 2010. The company says the number represents the decline in hardware pricing.

Inkjet revenues in 2005 made up 46% of total earnings in digital color, but I.T. Strategies says those numbers will drop by 2010. The company anticipates inkjet’s share to shrink to 37%. Meanwhile, I.T. projects growth in color electrophotography and expects the technology to represent 63% of the revenues generated in the market for digital color.


Terms:

Did you enjoy this article? Click here to subscribe to the magazine.