According to the International Data Corporation (IDC), HCP market in India dropped 2.2 percent sequentially in Q1 2016 and reached 795,451 units in terms of shipments. HCP market in India was primarily driven by Laser Printer, which marked a remarkable sequential growth of 15.9 percent in Q1 2016. In the Laser segment, printer-based Laser HCP market grew by 5 percent in terms of unit shipments in Q1 2016 as compared to Q4 2015. Financial year ending pushed many corporates and enterprises to exhaust their budget which supported the Laser market growth. The surge in Medium and Large Enterprises business was the prime reason for the growth and it was also supported by the stable channel business. HP continued to be the market leader with 57.7 percent market share, followed by Canon and Samsung at the second and third position respectively.
