So was 2019 a good year or a not so good year for the imaging industry?
If I'm thinking about my personal results then 2019 was awesome and one of the best ever. I think 2020 will prove to be one of the biggest years yet for change in our industry. Change is good, right? I'm sure there will be at least two or three bombshells with one of them happening in late January 2020 and then another in late March to early April 2020.
None of my predictions came true in 2019 and that's because I didn't put any out there. However past predictions from 2018, 2017, 2016 did allow me to add a little swagger in my prognostications.
Top Ten Copier & Imaging Industry Predictions for 2020
1. It's no secret to anyone and our Print4Pay Hotel Members with Xerox and HP. It's my bold prediction that Xerox and HP will sit down for a mind meld in the next 90 days and deal will be struck for the merger.
2. KonicaMinolta, Canon, or Kyocera will purchase content management aka document management companies. One that comes to mind is Square 9 since they are in the dealer space already.
3. KonicaMinolta, Ricoh, Canon or Kyocera will purchase a wide format printer manufacturer. Could be one of these Mutoh, Mimkai, Roland, or Kip. The growth in print is real and it's with wide format color.
4. The new Fuji copier manufacturer, originally was Fuji-Xerox until Xerox sold their equity a few months ago. Fuji will partner with a mega dealer in the US for private labeling of those copiers and software solutions. Names that I keep seeing are Dex Imaging, Marco, Flex Print and RJ Young.
5. Look of the top four copier manufacturers to now turn their acquisition attention to cyber security companies. Current forecasts project cyber security to top $221 Billion US by 2022. Maybe BT, CenturyLink, NTT or Wipro. It's going to happen just a question of who buys what.
6. I wrote this two years ago and it still hasn't happened, however the time has come that one of the copier manufacturers will cease to manufacture black/monochrome copiers. It will be all color MFP's.
7. In an effort to continue "moving boxes" and a fear of FOMO (fear of missing out), one of the major copier companies will start offer their devices through Amazon.
8. Consolidation in a mature market will continue. Merger is the name of the game, and it could come from the likes of Ricoh, Canon, Kyocera or KonicaMinolta. Konica and Minolta merged many years ago, and maybe it's time for another merger.
9. 2020 is the year that copier manufacturers finally get it and start selling more A4 devices with advanced functionality than A3 MFPs.
10. Ninestar purchases Toshiba Tec from Toshiba Corp, merges Lexmark and Toshiba for the creation of a new brand. Any guesses?
I enjoy writing these and please keep in mind that these predictions are intended to be more entertaining than factual. But, you never know what tomorrow will bring.