The following appears on business-standard.com
Documentation solutions provider, Kyocera Document Solutions India, is planning to corner an 18 to 20% share of the Indian multi-function product (MFP) market, from the present 15%, over the next five years, according to managing director K Swethanarayan.
Kyocera Document Solutions India (formerly known as Kyocera MITA India) was formed in March 2008 as a wholly-owned subsidiary of $3.5-billion Japanese technology giant Kyocera Document Solutions Inc.
“Primarily, major corporates and the government segment are expected to deliver this above-the-market growth. The recently-launched low-end printer and MFP lineup, too, is expected to add to this growth,” Swethanarayan told Business Standard.
The Indian A3 MFP market, dominated by players like Canon, Ricoh and Xerox, is pegged at 110,000 units a year. While the market is growing at 9-10% year-on-year, Kyocera is growing at 40%, he said, adding that of the total market, the share of colour MFPs was only 10%, as against over 50% in places like Hong Kong and Australia.