Doc knows that when venture capital gets invested in a market it's a pretty good bet that market is on the move. That's why I was glad to see the MPS research group Photizo snag a VC investment of $1.7 million to expand its operations and product offerings. That's good for the whole industry.
I've talked about Photizo before – they not only do a ton of research, but they put on excellent events as well. Here's a couple of tidbits from their summary of MPS market opportunities:
- The total MPS Market in North America and Western Europe will be a $26.7B business by 2012.
- While in 2007 the MPS Market in North America and Western Europe accounted for a healthy 14% of the total imaging market, by 2012 it will account for 35% of the total imaging market.
- Both Western Europe and North America will witness MPS market growth of over 20% each year over the next five years.
You can find out even more at the Photizo Website.