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(Weymouth, MA) July 21, 2009 . . . The global economic downturn has had a significant effect on many markets, and InfoTrends’ latest document imaging forecast for North America reveals that the scanner market is no exception. Many segments experienced positive placement and revenue growth between 2007 and 2008, but most are expected to see declines in 2009 and throughout the forecast period. The recession is likely to wane by the end of 2009, but its impact will likely be much more far-reaching. It will take some time for the industry to fully recover, and total placements and revenues are expected to be affected through 2013. That said, the decline that is expected in many segments will be less severe in the outer years of the forecast period. Declines may be steep over the next two years, but they are likely to stabilize over time. Many segments will then be in a position to resume positive growth moving forward. Companies must employ new and creative strategies to find pockets of success in a tough market. Taking a vertical approach for some has become a new means to bolster business. With promises of millions in stimulus dollars and a potential softening of the credit crunch, vendors are seeking ways to remain competitive. Healthcare, education, and government are said to reap many of the benefits of the “Obama” plan. Peeling back the layers on the details has proven challenging, but a concerted effort to understand and educate from the vendor side is under way to be able to adequately attack these areas. Anne Valaitis, Director of InfoTrends’ Image Scanning Trends Service, commented, “Even with the current challenges, it is possible to remain profitable. The key is marketing the right products to the right groups, providing the necessary market education along the way.” InfoTrends has just released its report, Document Imaging Scanner Forecast for North America: 2008-2013. It covers 2008 placements, revenues, and market share data, as well as projections for placements and revenues through 2013. Also reviewed are trends, threats, and opportunities along with a market share evaluation for the top vendors in each segment. This document also continues to assess the impact MFPs are having on scanning and how this is expected to affect the scanner market in the long term. This forecast is available for purchase. For more information, visit our online store or contact Robyn Wuori at +1 ext. 103 or e-mail . InfoTrends, a Questex company, is the leading worldwide market research and strategic consulting firm for the digital imaging and document solutions industry. We provide research, analysis, forecasts, and advice to help clients understand market trends, identify opportunities, and develop strategies to grow their businesses. Additional information about InfoTrends is available on the Web at www.infotrends.com. Copyright © 2009 InfoTrends. All rights reserved. Reproduction or reuse of InfoTrends materials is strictly prohibited without prior written consent. If you are interested in referencing InfoTrends content, please submit your request to . |
