LONDON--(BUSINESS WIRE)--Jun 14, 2018-- analysts forecast the office stationery, supplies, and services B2B market in the GCC to reach USD 4,547 million by 2022, according to their latest market research report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180614005880/en/
Technavio has published a new market research report on the office stationery, supplies, and services B2B market in the GCC from 2018-2022. (Graphic: Business Wire)
The growing online sales of office stationery and supplies is one of the major trends being witnessed in the . The significant growth in online sales is attributable to the adoption of multi-channel business model by prominent vendors across the world. Market players such as Office Depot not only market and sell their products through physical stores but also promote products through their online portals. Expanding internet connectivity, rising number of mobile internet devices and growing awareness among consumers have fueled the growth of online sales.
In this report, according to Technavio analysts, one of the key factors contributing to the growth of the office stationery, supplies, and services B2B market in the GCC is product innovation in terms of technology integration:
Office stationery, supplies, and services B2B market in the GCC: Product innovation in terms of technology integration
The key growth drivers for the market in GCC include a significant rise in new business industries or new start-ups, growing office spaces, and commercial real estate, and an increase in the rate of employment. Product innovation is happening in packaging and the varied range of office stationery, supplies, and services. Key vendors in the market are integrating new technologies so that they can meet the requirements of end-customers and create added value for them. Manufacturers are also focusing on how they can make products more environment-friendly.
According to a senior analyst at Technavio, “Office supply products that have transformed as a result of product innovation include permanent markers, index dividers, toner cartridges, price tags, name badges, color coding labels and others.”
Office stationery, supplies, and services B2B market in the GCC: Market segmentation and analysis
This market research report segments office stationery, supplies, and services B2B market in the GCC by product include paper-based products, office services, storage and equipment, writing and marking instruments, presentation materials. It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The paper-based products segment accounted for the largest share of the market in 2017, with more than 57% of the market share. This segment is expected to witness the maximum growth over the forecast period, followed by the office services segment.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180614005880/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: ONLINE RETAIL OFFICE PRODUCTS RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 06/14/2018 12:23 PM/DISC: 06/14/2018 12:23 PM