Print IT Reseller - issue 60

01732 759725 4 BULLETIN New regulations key to DX New research released by Kyocera reveals that public sector organisations welcome new data protection legislation as an opportunity to transform their content management.87% of respondents embraced new data handling regulations as an opportunity to review their current storage systems. When it comes to digital transformation, the public sector is making all the right noises and has the best intentions. Over half reported that the majority of their documents are stored digitally and 93% stated that ‘going paperless’ is a priority. An overwhelming 96% listed GDPR compliance as a high priority for their organisation. 90% see this as a necessary regulation to help improve data security, whilst 80% also see GDPR implementation as their chance to improve the public sector’s relationship with its customers. www.kyoceradocumentsolutions.co.uk Aftermarket suppliers continue to increase market share Virtulytix has released its 2018 Global Toner Cartridge Forecast which sizes the global toner cartridge market at approximately $60 billion. The global forecast shows that 30% to 33% of monochrome cartridge shipments have been captured by aftermarket suppliers. Yet OEM suppliers have retained above 75% of the monochrome cartridge revenue. In colour toner cartridge shipments Aftermarket suppliers have captured only 13% of the shipments by 2018 and while OEM suppliers have enjoyed an above 90% share of colour cartridge shipments and revenue these shares are in decline. Virtulytix foresees the relative monochrome share trends continuing, however, OEM colour shipments and revenue will continue to decline as aftermarket suppliers increase their technology assets and provide print quality rivalling the OEM suppliers. www.virtulytix.com 66% of businesses rank print in top five security concerns Quocirca’s Global Print Security Report shows that reliance on print in the workplace is causing security concerns for businesses worldwide. Print-related breaches are costing an average of £313,000 per year, the study found, with 60% of organisations experiencing at least one print-related data loss in the past 12 months. The majority of breaches stem from accidental actions by internal users i.e. insider threat. Despite a reported 11% of all security incidents being related to print infrastructure, the research found that attempts to mitigate print risks lack maturity. Only 27% of businesses achieve print security leader status in Quocirca’s Print Security Maturity Index. Quocirca’s Print Security Maturity Index ranked organisations on their adoption of the foundations of print security best practice. These include spending on print security; the use of security assessments; the use of pull printing; having a formal print security policy; secure mobile printing; third party testing of printing devices and printer firmware updates. The index found that only 27% of organisations are print security leaders, 56% are followers and 17% are laggards, whose complacent approach to print security puts them at high risk of a breach. www.quocirca.com European businesses increase investments in security Revenues from enterprise security products sold by Western European IT distributors in 2018 were +8.8% higher than in 2017, according to the latest data published by CONTEXT. This growth was seen in revenues from hardware and software and encompassed products designed for large enterprise customers, products aimed at small and medium businesses and others that may be used by either segment. The biggest impact was in endpoint security, which saw year-on-year growth of +12.6% with increased revenues from sales of many products including, for example, security suites. www.contextworld.com Service providers account for growing share of ICT spending According to the new IDC Black Book Service Provider Edition, ICT spending by service providers will reach $426 billion by 2022, representing average growth of 6% per year, as the ongoing shift from on- premise IT management to the as-a-service model continues to gather pace in many regions around the world. Cloud and digital service providers will represent the strongest market opportunities for ICT vendors with overall growth of 9% over the forecast period ($105 billion in annual spend by 2022), but communications service providers will still represent the largest share of service provider spending ($254 billion in 2022). Colocation and managed services providers will increase spending by an average of 7% per year, reaching $67 billion in annual ICT spend by 2022. www.idc.com Designing out cyber threats The UK is set to become a world leader in the race to eradicate some of the most damaging cyber security threats facing businesses and better protect consumers, Business Secretary Greg Clark announced. Businesses and consumers will benefit from increased security and protections built into digital devices and online services we use every day. This is with the help of up to £70 million in government investment through the Industrial Strategy Challenge Fund and backed by further investment from industry. This investment will support research into the design and development of hardware so that they will be more secure and resilient from the outset. This aims to ‘design out’ many forms of cyber threats by ‘designing in’ security and protection technology/solutions into hardware and chip designs, ultimately helping to eradicate a significant proportion of the current cyber risks for businesses and services in future connected smart products. The Government aims for R&D investment to reach 2.4% of GDP by 2027– the biggest increase in public investment in R&D in UK history.