June 22, 2020/221 views/0 Comments/in Market Trends /by David GibbonsOffice and Home Printing to Decline Sharply
International Data Corporation (IDC) claims that worldwide page volumes from office and home devices combined will see a sharp decline in 2020 as COVID-19 changes where and how work is done.
IDC forecasts total page volume will fall 13.7% in 2020, from 3.2 trillion pages in 2019 to 2.8 trillion pages in 2020 (baseline scenario). While the market is expected to bounce back slightly in the years ahead, page volumes are now forecast to see a compound annual growth rate (CAGR) of -4.8% over the 2019-2024 forecast period, which is notably lower than the 2015-2019 CAGR of -1.2%.


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