“Due to the economic slowdown, most of the graphic print service providers have been conservative on their budget, and holding back their spending in purchasing or changing their large format printers,” IDC noted.
Most of the countries in the region were largely impacted by the uncertainties of the global economy during the quarter, except for Thailand and Malaysia that managed to experience some growth, which was driven by the infrastructure development plan by the Thai government, and a strong vendor-driven activity that boosted the channels sales in Malaysia.
“Moving forward, we expect the overall market to start picking up with a healthier growth in the next four quarters, as there will be stimulus fund from the government in developing countries like Indonesia, Malaysia, and Thailand for the on-going implementation of infrastructure projects,” said Sharon Cheng, Market Analyst of Asia/Pacific Imaging, Printing, and Document Solutions Research at IDC.
