This Microprinting Market report involves critical parts of the Microprinting Market that contains industry inquire about, market estimating and conjecture, focused knowledge, advertise passage system, valuing patterns, manageability patterns, client bits of knowledge, innovation development, advancement patterns, and appropriation channel evaluation. Microprinting Market report mulls over key market elements of division. With this report, organizations can consider the scene about how the market is going to follow up on in the estimate a long time by picking up subtleties on market definition, arrangements, applications, and commitment.
Microprinting Market is expected to rise from its initial estimated value of USD 492.90 million in 2018 to an estimated value of USD 750.16 million by 2026, registering a CAGR of 5.39% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing levels of innovations and advancements currently undergoing in the market.
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Market Definition: Global Microprinting Market
Microprinting is a technique of printing extremely minute details on valuable documents. This method is usually utilized so as to prohibit frauds, counterfeiting as this results in details not being visible to the human eye making it seem invisible. This method is used to print certain characters and patterns that are read through specific specialised machines to ensure that the document it has been printed on is authentic.
- Presence of strict regulations and compliances from the government, banking & finance sector for the authentication of documents is expected to drive the market growth
- Growing demand from the healthcare market due to the growing applications is expected to drive the market growth
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- High presence and adoption of digitalization methods and securing valuable information digitally instead of physical documentation is expected to restrain the market growth
- Issues with heat setting in microprinters are expected to hinder the growth of the market
Segmentation: Global Microprinting Market
By Substrate Type
By Print Type
- Banking & Finance
- North America
- North America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In July 2018, Ricoh Company Ltd. announced the establishment of a new organization focused on manufacturing in Guangdong, China. This establishment is evidence of Ricoh’s intentions for strengthening the capabilities of servicing consumers globally
- In May 2017, Xerox Corporation’s subsidiary announced that they had acquired MT Business Technologies, the company based out of Ohio, United States providing office-based printing services to organisations present in Ohio and Michigan, United States. This acquisition will help Xerox Corporation in expanding their reach and capabilities providing consumers with advanced technological offerings
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Global microprinting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microprinting market for global, Europe, North America, Asia-Pacific and South America.
Major Market Competitors/Players
Few of the major competitors currently working in microprinting market are Xerox Corporation; William Frick & Co.; Xeikon; HP Development Company, L.P.; Zebra Technologies Corp.; Matica Technologies AG; Brady Worldwide, Inc.; Videojet Technologies, Inc.; Ricoh Company Ltd.; SAFEChecks; Source Technologies; Canon Finetech Nisca Inc.; Data Carte Concepts; Security & Identity Solutions Ltd; Domino Printing Sciences plc; Evolis; CONTROL PRINT LTD.; Micro Format, Inc.; Trustcopy; Printegra, An Ennis Company; Micro Printing & Blueprint; 3D MicroPrint GmbH; Plus Technologies LLC and Micro Printing Ltd.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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