IDC

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.

Customer and employee experience, data-driven decision making, and automation were mega themes that drove software investments in 2022.

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.

IDC said it expects the quantum computing market will continue to experience slower growth until a major quantum hardware development that leads to a quantum advantage is announced.

Demand for tablets continued to be weak in the quarter and most of the top vendors recorded double-digit declines as consumer confidence and purchasing power remained low.

This was the sixth consecutive quarter of contraction brought on by macroeconomic headwinds, weak demand from both the consumer and commercial sectors, and a shift in IT budgets away from device purchases.

A recent report titled by research firm IDC has revealed that approximately 32% of organizations surveyed in the Asia-Pacific region have expressed their commitment to investing in generative AI technologies.

According to research firm IDC, a total of 52 units of digital label and packaging printer was shipped in the first quarter of 2023 for Asia-Pacific excluding Japan (APeJ), with a sequential growth of 15.6% and an annual growth of 23.8%.

IDC said the growth can be attributed to the shift of the commercial segment away from laser printers and toward ink tank printers, which have been proven more cost-effective for printing.