Digital Pen - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Digital Pen Market is accounted for $439.73 million in 2018 and is expected to reach $1,672.27 million by 2027 growing at a CAGR of 16.0% during the forecast period. Increase in government investment on building digital infrastructure and surge in demand for digital storage are some of the factors fuelling the market growth. However, lack of technology readiness across various underdeveloped nations is restricting the market growth.
Digital Pens are pen like structure that help in writing digitally. These pens usually come with USB which means universal serial bus which helps in cradling the handwritten notes to a personal computers or laptops. These pens require digital papers, which can look like sticky note or a traditional pad. Digital pens are also called electronic pens because of its nature of capturing handwritten notes digitally. These are at a greater extent bigger that the normal pens but looks like traditional pens. Android based digital pens have a wider user base which is followed by windows operating systems. Digital pens are packed with electronic circuits, and Bluetooth. The digital pens have ink refills which leave ink trails on the page and infrared LED detects it.
Based on compatibility, the multiple OS segment is estimated to have a lucrative growth due to the growing number of consumers using more than one phone, with different operating systems. This has increased the demand for these pens with multiple OS compatibility in the market. By Geography, North America is likely to have a huge demand due to increased usage of tablets and personal computers, and increasing penetration of internet across this region.
Some of the key players profiled in the Digital Pen market include Anoto Group AB, Apple Inc., Canon Inc., Convergene, E-pens Ltd, Hanvon Technology Co.Ltd, Hewlett-Packard Company, Microsoft, Moleskine S.p.A, Neo LAB, STAEDTLER Mars GmbH & Co.KG, Toshiba Corporation and Wacom Co. Ltd.
• Multiple Operating System
• Single Operating System
• Accelerometer Digital Pen
• Active Digital Pen
• Camera Digital Pen
• Positional Digital Pen
• Trackball Digital Pen
• Billing & Back Office
• Clinical Documentation
• Media & Entertainment
End Users Covered:
• Banking Financial Services and Insurance (BFSI)
• IT & Telecom
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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