Although the market slightly exceeded expectations by reaching just over 29.9 million units, it still fell short of pre-Covid levels observed in the second quarter of 2019, signaling that recovery remains a work in progress following the surge in volume witnessed from 2020 to 2022.
This growth came at the expense of overall market value as average selling prices (ASPs) fell due to increased competition and discounting by retailers seeking to reduce excess inventory.
According to Bain & Company's ’s fourth annual Global Technology Report 2023 released recently, the current generation of AI tools and models could help companies speed up 20% of worker tasks without loss in quality.
The study showed that the region’s doctors attend digital learning events at a higher rate (3.9 times per month) compared to in-person events (3.0 times per month).
The year-on-year decline in inkjet and laser products can be ascribed to reduced demand from Asia-Pacific customer groups in all segments except small offices and very large businesses.
Transsion, whose brands include Tecno and Inifinix, took a sizeable lead, accounting for 38% of total shipments in 2Q23 and retaining the top spot for two consecutive quarters.
The top five vendors (in alphabetical order) were AWS, Google, Microsoft, Salesforce, and SAP, which captured more than 40% of the total market share in 2022.
Nearly 7 in 10 IT leaders believe AI-enabled technologies will make teams more efficient, but 52% say their organizations don’t yet have needed IT infrastructure, the study said.
