Launches four new A4 Copier based MFDs and document scanners.

Digital imaging company Canon India Pvt. Limited launched a new range of imageRUNNER 1700 series and Document Scanners.

The imageRUNNER 1700 series which includes imageRUNNER 1730,1730i, 1740i and 1750i models offers high speed A4 black and white printing, scanning and copying to address the mid and high end desktop A4 Printing requirements where A3 MFD has space constraints, the company said.

The new range of Document Scanners P-215, DR C-125, DR M-140 and DR M-160 covers all personal, workgroup to department level digitization needs.

Canon said that India Inc prints about 15 crore documents annually and the prints are expected to grow at rate of 15 percent YOY. The government and SME sector are the key growth drivers for this segment.

“With this rapid growth Canon is focusing on Managed Document Services (MDS) as strategic value proposition to its customers and we are expecting 50 percent growth in this domain with revenue achievement of Rs. 75 crore in MDS for the year,” said Dr. Alok Bharadwaj, Senior Vice President, Canon India said

Canon said that the company is poised to maintain its market leadership for the fifth consecutive year in the copier based MFD segment. “To commensurate this achievement, the global head of Canon OIP Business will be in India this September,” Bharadwaj said.

According to Canon, the document scanner market is expected to grow by approximately 11 percent with BFSI, government and SMEs being the key contributors to this growth.

“We want to leverage this growth by adding more products and solutions in this space,” said Bharadwaj.