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Home | Search Global IT News: IT News & Press Release Distribution: Microprinting Market estimated to reach $670 million by 2024   (IT-NEWSWIRE.COM, August 01, 2019 ) According to the new market research report "Microprinting Market by Substrate Type (Plastic, Paper, Metal), Print Type (Single-Sided, Double-Sided), Type (Monochrome, Color), Application (Banking & Finance, Government, Packaging, Healthcare, Education, Corporate), Geography - Global Forecast to 2024", The microprinting market is projected to reach USD 670 million by 2024, growing at a CAGR of 5.0% from 2019 to 2024. Standards and regulations in the banking sector, and technological advancement in microprinting technology are a few major factors driving the growth of the microprinting market. Don’t miss out on business opportunities in Microprinting Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=216162103#emailwire Based on substrate, paper to be largest contributor in microprinting market in 2019 The large market share can be attributed to the high implementation of microprinting technology in paper-based banknotes, check slips, and postage stamps to avoid counterfeit. For example, the Federal Reserve System (US) and the European Central Bank (UK) widely use microprinting in its currency for security purpose. Most banknotes are made of paper, and almost all papers are made from cotton fibers to increase the strength and durability. In some cases, linen or forensic fibers are added to give paper added individuality and protect against counterfeiting. Single-sided print type to account for larger market by 2024 In terms of value, single-sided microprinting is likely to account for a larger share of the overall microprinting market by 2024. The growth is mainly attributed to the wide acceptance of single-sided microprinting in government, education, and corporate applications. Almost all postage stamps, employee ID cards, event badges, and membership ID cards use single-sided microprinting. Browse and in-depth TOC on "Microprinting Market" 66 - Tables 39 - Figures 137 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/microprinting-market-216162103.html#emailwire Microprinting market in APAC to grow at highest CAGR during forecast period APAC is witnessing increasing use of microprinting technology-based printers owing to the presence of a large number of banking and finance organizations, government agencies, and corporate companies. The banking and finance sector of China, Japan, and India are heavily deploying microprinting technology while designing banknotes and check books. Increasing incidences of fraudulent activities and introduction of fake currency are factors that help drive the growth of the microprinting market. Moreover, the growth of the market is attributed to the high adoption of microprinting technology in packaging application. China is the biggest product manufacturer for consumer electronics, and it exports a huge number of products across the world. It is necessary for manufacturers to have proper packaging, along with product information, which enables easy product identification and avoids product duplicity. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=216162103#emailwire Key Market Players Xerox Corporation (US), Videojet Technologies, Inc. (US), Matica Technologies AG (Germany), Brady Corporation (US), Zebra Technologies Corporation (US), HP Inc. (US), Ricoh Company Ltd. (Japan), Canon Finetech Nisca Inc. (Japan), Source Technologies (US), SAFEChecks (US), Xeikon (Netherlands), Domino Printing Sciences PLC (UK), Control Print Ltd. (India), Data Carte Concepts (Canada), Evolis (France), Micro Format, Inc. (US), Spectrum Positive (UK), Printegra (US), Trustcopy (Singapore), and William Frick & Company (US) are among the major players in the microprinting market. Xerox is a leading provider of MicroText marks printing solutions across the world. The company invests USD 0.45 billion in R&D and engineering annually. It also pursues acquisitions in targeted growth areas to improve portfolio mix and drive more profit. For instance, in May 2017, Global Imaging Systems (GIS), a subsidiary of Xerox, acquired MT Business Technologies (US) to expand its sales channels with multi-brand office solution dealers and strengthen its position in the microprinting market. The company adopts acquisitions as its growth strategy to expand distribution in under-penetrated markets, including APAC, Africa, and RoW. Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website: http://www.marketsandmarkets.com/ MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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