The printer market generated revenue of $13.8bn during the second quarter.
Worldwide printer shipments decreased by 1.8% to 26.1m units during the second quarter of 2013 compared to the corresponding period of 2012, according to a report from International Data Corporation (IDC).
According to the report, the hardcopy market generated revenue of $13.8bn during the second quarter of 2013, a 1.7% year over year drop compared to the same period last year.
During the second quarter, hardcopy segments including the colour laser market have driven the growth across the global market.
IDC Worldwide Quarterly Hardcopy Peripherals Tracker programme manager Phuong Hang said that the initiatives like managed print services and wider availability of digitally-based content is expected to continue to gradually shift such devices away from the desktop and toward more shared and centralised machines.
"As such, vendors who concentrate on these opportunities should find the best payback for future hardcopy peripheral unit and value shipments," Hang said.
Regionally, the markets including the US and Western Europe experienced positive year-over-year growth in the hardcopy peripheral shipments of 1.4% and 3.9% respectively.
The inkjet market dropped 6% year over year during the quarter to a 58% market share with shipments of 15.1m devices.
The monochrome laser market grew 3.5% with 8.2m shipments generating revenue of $5.4bn, which represents 39% share of shipment value.
For the second quarter, the colour laser devices lead the market with 9.7% year-over-year growth and 43% share of the hardcopy market shipments, while MFP experienced year-over-year rise of 13% in shipments.
HP led the worldwide hardcopy market with 40.5% share, followed by Canon and Epson with 21.3% and 12.6% shares respectively, while Brother remained at fourth position with 1.8 million units shipped and a 6.9% market share.