IDC MarketScape recognizes Ricoh as a 2023 Worldwide Print Transformation Leader

“While print and copy will remain a fundamental offering from the company, the company’s ongoing transition to digital services points to a different type of company moving forward. Organizations on a similar transformational journey may find the alignment with Ricoh’s own internal operational transformation and the evolution of the Ricoh portfolio appealing.”

- IDC MarketScape: Worldwide Print Transformation 2023 Vendor Assessment

Work styles and environments have been evolving for a long time now.

The changing workplace wasn’t lost on our leadership either. Print has been and remains a core part of our business. But…for years, we’ve been building extensive digital services offerings, understanding that how we do business is changing.

Many of these services have received industry recognition. Some of these include:

You can see more of the awards our services have been recognized for on our awards page.

Now we’re happy to share that IDC MarketScape has recognized Ricoh as a 2023 Worldwide Print Transformation Leader.

View the 2023 IDC MarketScape for Worldwide Print Transformation excerpt

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What does it mean to be a print transformation leader?

* See Appendix below for guidance in reading an IDC MarketScape Graph

We recognize that printing is really all about information, and it’s about how organizations can capture, use, manage and unlock the value of their information – not to leave out the essential element of keeping it secured too.

Printing – and how it is used and managed – is undergoing major transformation as how we work changes.

Digital is the future. And digital means finding ways to capture and integrate information from documents, collect data that informs processes, extract meaning and value from every piece of data, and support the resources and infrastructures that connect people, enable collaboration and communication, and keep information secured wherever it is accessed. Digital also supports organizational sustainability efforts to promote more environmentally friendly practices, create positive, empowering workplaces, and deliver solutions that make our customers’ lives, and their customers’ lives, better.

What IDC MarketScape said about Ricoh

We encourage you to download the IDC MarketScape excerpt and review it for yourself. It shares a lot of detail regarding our efforts to help organizations adapt, embrace digital, and implement solutions that meet not only an organization’s revenue objectives but its sustainability goals as well.

The IDC MarketScape noted the following strengths for Ricoh:

Early entry into transformation
Established framework for the future workplace
Industry leadership with recognitions in IDC MarketScape reports for Cloud MPS and Print in the Distributed Workforce
Acquisition history, helping to swiftly gain technology and skills to excel in transformational market segments
Gaining positive perception as a digital services company, not just a copier company
Continued investment in the core business with new acquisitions like PFU Scanner business and joint venture with Toshiba
Customer testimonials highlighting how we have helped them on their own digital transformation journey

View the 2023 IDC MarketScape for Worldwide Print Transformation excerpt

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About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Appendix

Reading an IDC MarketScape Graph

For the purposes of this analysis, IDC divided potential key measures for success into two primary categories: capabilities and strategies.

Positioning on the y-axis reflects the vendor's current capabilities and menu of services and how well aligned the vendor is to customer needs. The capabilities category focuses on the capabilities of the company and product today and in the future. Under this category, IDC analysts will look at how well a vendor is building/delivering capabilities that enable it to execute its chosen strategy in the market.

Positioning on the x-axis, or strategies axis, indicates how well the vendor's future strategy aligns with what customers will require in three to five years. The strategies category focuses on high-level decisions and underlying assumptions about offerings, customer segments, and business and go-to-market plans for the next three to five years.

The size of the individual vendor markers in the IDC MarketScape represents the market share of each individual vendor within the specific market segment being assessed. We used the $500+ price band to calculate each vendor's hardware value of shipment share in its combined inkjet and laser device portfolio. This distinction was done to eliminate consumer-targeted devices from being included in the results.

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