Lexmark, Leader in Smart MFPs (IDC)
Lexmark International, Inc. (NYSE: LXK) has been recognized as a Leader in smart multifunction products (MFPs) by the IDC MarketScape 2013 Smart MFP report, which analyzes the strategies and current capabilities of companies providing smart MFPs.
As defined by the IDC MarketScape, Leaders are companies that have led and continue to lead the market in both breadth of offering and strategic intent.
According to IDC, the smart MFP offers a variety of cost and space savings as part of consolidating assets. An MFP addresses a combination of important document functions — copy, fax, print, and scan — in one machine rather than multiple devices.
In addition, the report notes that “Lexmark holds a leadership position in managed print services as well as extensive software ecosystem.”
The report also notes, “More than most vendors, Lexmark prides itself on having an ownership stake in technology. The company has internally-developed or acquired not only hardware technologies, but also several software solutions targeting mobility, cloud, capture, content/process management as well as managed print services. The intent of such an effort gives Lexmark responsiveness advantages and a greater ability to customize end-to-end process improvement solutions.”
According to the IDC MarketScape report, “The company (Lexmark) already holds a leadership position in the all important managed print services market and the Lexmark A4 MFP portfolio is a critical element to this offering. The company’s software and business process focus is differentiated from many competitors and targets a high growth market opportunity. Lexmark is also well-established with a strong vertical go-to-market strategy and has a significant presence in document-intensive markets such as retail, banking and government.”
