Increasing concerns over digital data storage and retrieval systems is expected to be one of the few growth drivers in microfilm and microfiche equipment & supplies in the near future. The global microfilm and microfiche equipment & supplies market is projected to exceed $1.02 billion by 2012.
San Jose, California (PRWEB) April 16, 2008 -- Increasing usage of digital data storage solutions has been impeding growth of microfilm and microfiche equipment & supplies market for nearly two decades. However, with efforts on to develop hybrid solutions that integrate the best of film based and digital storage environments, demand for some segments of microfilm and microfiche equipment & supplies industry would increase marginally. Issues such as legal acceptance of microfilm-based data are also expected to drive growth in the demand for film based storage technologies. European market for microfilm and microfiche equipment & supplies, the largest market worldwide is estimated at $305 million for the year 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing market for microfilm and microfiche equipment & supplies and is projected to expand at a CAGR of 2.8%.
Growth opportunities would continue to exist, albeit in small niches, for companies that can provide a valid cost to benefit ratio business case. The microfilm market is set to survive through the digital revolution for yet another moderate number of years in future, primarily on account of stability and long life expectancy. Microfilm market is projected to cross the $500-million mark by the year 2010.
The report titled "Microfilm and Microfiche Equipment & Supplies: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of key markets, end-use industries, product overview, technological advancements, and recent industry activity. The study also analyzes market data and analytics in value sales for the period 2000-2015, by the following product segments - Microfilm Cameras, Microfilm Developers, Microfilm Readers/Retrieval Systems, Microfilm Printers and Microfilm. Regions analyzed include United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America
Key players dominating the global microfilm and microfiche equipment & supplies market include Anacomp, Eastman Kodak Company and National Archive Publishing.
For more details about this research report, please visit http://www.strategyr.com/Microfilm_and_Microfiche_Equipment_and_Supplies_Market_Report.asp.
About Global Industry Analysts, Inc
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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