Lyra Research Forecasts Digital Imaging Supplies Revenue Will Top $100 Billion in 2006: Adoption of Color Seen as a Key Driver

Share Article

Lyra Research, the digital imaging authority, forecasts that the global digital imaging supplies market will exceed $100 billion in 2006. This marks the first time the supplies sector will register 12-digit revenue numbers, exceeding hardware revenue by 68 percent. According to Lyra’s Hard Copy Supplies Advisory Service, the growth is attributed in part to the availability of more affordable, high-speed, easy-to-use color ink jet and color laser printers that enable users to print more graphics-intensive documents.

Lyra Research (http://www.lyra.com), the digital imaging authority, forecasts that the global digital imaging supplies market will exceed $100 billion in 2006. While the digital imaging industry has been generating more revenue from supplies than from hardware for some time, 2006 marks the first time the supplies sector will register 12-digit revenue numbers, exceeding hardware revenue by 68 percent (see figure: http://ww1.prweb.com/prfiles/2006/03/18/360617/LyraWWDigitalImagingRevenue.gif). According to Lyra’s Hard Copy Supplies Advisory Service, the growth is attributed in part to the availability of more affordable, high-speed, easy-to-use color ink jet and color laser printers that enable users to print more graphics-intensive documents.

Rodger Reis, analyst for Lyra’s Hard Copy Supplies Advisory Service, explains the surge. “Broadband Internet service, digital photography, affordable color printers, high-capacity e-mail accounts, and desktop publishing technologies are some of the factors driving supplies revenue. These fast-spreading elements have made it easier to create, share, and access electronic documents. New high-speed, easy-to-use color ink jet and color laser printers and digital color presses are enabling users to print sophisticated, graphics-intensive documents, transforming the old digital document landscape from one of monochrome-only applications to one of rich and complex color applications that include digital photos, Web pages, PDFs, and other graphics-intensive documents.”

Reis concludes, “Lyra estimates that color and graphics-intensive documents will consume three to four times as much toner and ink per page as traditional monochrome applications such as photocopies. These trends will result in increased consumption of ink and toner and, to some extent, value-added papers, driving digital imaging consumables revenue worldwide.”

About the Hard Copy Supplies Advisory Service

The Hard Copy Supplies Advisory Service (SAS) provides actionable market research intelligence, including product data, forecasts, and analysis on the digital imaging consumables industry. SAS market research deliverables focus on ink jet and toner cartridges, bulk ink and toner, photo, printer, and specialty papers, digital copier supplies, wide-format supplies, and other marking materials and media. Clients include marketing, product manager, and research professionals in the digital imaging hardware and supplies sector.

For more information on Lyra’s SAS, visit http://www.lyra.com/lh3m.nsf/AdvisoryServices/SAS, or contact Brian Jones at 617-454-2641 or bjones (at) lyra (dot) com.

About Lyra Research

Founded in 1991, Lyra Research is recognized worldwide as the leading provider of market, product, and technology information and analysis focused on the imaging industry. Lyra Research provides targeted information on printers and copiers, digital photography, and imaging supplies to more than 2,000 clients in more than 40 countries. Lyra’s portfolio of services includes leading industry newsletters, special market reports, advisory services, conferences, Webcasts, and custom consulting.

Contact:

Andre Rebelo

arebelo (at) lyra (dot) com

Marketing Manager

Lyra Research, Inc.

617-454-2658

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Andre Rebelo
Visit website