It was an excellent 2018 for Canon after posting around €31 billion in net sales and €2 billion in net income. Top executives are also upbeat about the company’s earnings for 2019 despite lowering their profit forecasts by 20%. This is mainly due to the dwindling sales of one of its flagship products – the digital camera. Driving this shrinkage is the rapid advancement of smartphone technology, making more people opt out of owning a digital camera.
The renowned Japanese company, however, is not too worried about this since it has a vast portfolio of products. Also, it has made the necessary adjustments. For one, it continues to invest in research and development not just to enhance current products but to produce cutting edge ones ahead of time. In 2018 alone, Canon spent around €2.4 billion on R&D making it the third company with the most number of patent applications.
In addition, the company is focused on growing other areas of business like the print sector. This is a step in the right direction given a report that over 60% of business owners believe that printing will still be an integral part of their day-to-day operations even by 2025. One reason for this is the fact that most employers and customers still prefer dealing with paper documents. Another is that offices have not eliminated the need for receipts of paper communications and physical signatures.
A testament to the continued reliance on paper is the Canon data showing that over 83 billion pages were printed by print production devices in 2018. Yet, despite the ongoing dependence on paper documents, companies understand that they eventually need to digitise their files. This means investing in technology that would bridge the paper and digital divide as well as solutions to automate workflow.
Canon recognises these changes and needs. In fact, it has always been at the forefront when it comes to providing technology that can help businesses achieve efficient printing process. For example, for companies using production printers, they’ve developed the PRISMA suite of software solutions. It is designed to help organisations streamline processes and increase overall productivity. This end-to-end workflow management solution simplifies order intake, automates certain tasks and provides a comprehensive reporting and accounting report, amongst others. For 2019, Canon is set to release Book Smart Suite which can make the book manufacturing process faster.
Canon, known as the top provider of digital imaging solutions, also released the third edition of the imageRUNNER ADVANCE platform. This well-known line of multifunction printer can be an invaluable tool in the digitisation efforts of companies. On top of its printing, copying and scanning capabilities, this MFP is designed to work fast and still produce high-quality prints. What is most noteworthy about the latest line of imageRUNNER products though is its enhanced security features.
Reports claim that, with the adoption of the Internet of Things (IoT), companies are going to spend more on print security in 2019. This is because of the growing awareness that printers and smart MFPs have IoT-type security vulnerabilities. There is also the implementation of the GDPR which imposes hefty fines on organisations that fail to prevent breaches.
Suffice to say, businesses owners understand that print security breaches can badly hurt their companies. They have to make changes; they need to have a more secure print infrastructure to keep these threats at bay. Canon recognises this need, too. This is why their latest imageRUNNER ADVANCE MFPs have advanced cybersecurity features which would allow owners like you to efficiently monitor activities and detect threats in your network.
Many exciting things are underway for Canon this year, especially in the print sector. You can count on this reputable brand to continuously provide innovative print devices and solutions which can help company owners like you abate cyber-attacks and increase workforce productivity. At Canon, you are assured that providing state-of-the-art products and ensuring customer satisfaction are their priorities.
Looking for Canon printers and other Canon print solutions? Call us at 1890 987 900 and talk to our sales specialist today!