New York, July 21, 2022 (GLOBE NEWSWIRE) -- According to the report published by Next Move Strategy Consulting, the global digital pen market generated USD 569.7 million in 2021, and is projected to generate USD 1.54 billion by 2030, witnessing a CAGR of 11.6% from 2022 to 2030. The report provides a detailed analysis of drivers & opportunities, competitive landscape, current market size & estimations, and top segments to help market players gather insights and determine steps to be taken to raise their stakes in the market.
Offering an extensive scenario in 245 pages, the report is a valuable source of insights and analysis to devise strategies for the future. With 152 figures and 315 tables, the research aims to help market players, investors, and startup companies in better understanding of the market scenario and take necessary steps to increase their digital pen market share.
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| Report Coverage | Details |
| Forecast Period | 2022–2030 |
| Base Year | 2021 |
| Market Size in 2021 | USD 569.7 million |
| Market Size in 2030 | USD 1.54 billion |
| CAGR | 11.6% |
| No. of Pages | 245 |
| Tables | 315 |
| Figures | 152 |
| Segments covered | Platform Type, Technology, End User, and Geography. |
| Drivers | Rise in automation and digitization on the global level in numerous sectors |
| High adoption of artificial intelligence and internet of things (IoT) technologies, | |
| Opportunities | Rise in investments by regulatory bodies in developing digital infrastructure |
| The emergence of concepts such as e-learning in the education industry |
The report provides a comprehensive analysis of changing market dynamics with drivers, restraints, and opportunities of the global digital pen market. Rise in automation and digitization on the global level in numerous sectors and benefits of digital pens such as ease in operation and error-free database collection drive the growth of the market. Moreover, rise in internet penetration, high adoption of artificial intelligence (AI) and internet of things (IoT) technologies, and rise in dependency on smart gadgets supplement the market growth. On the other hand, increase in costs and lack of technological adoption in many countries are the factors that restrain the market growth.
Highlighting on the opportunities lying ahead that are estimated to raise the digital pen market size in the coming years, the Lead Analyst for the Semiconductor & Electronics category at Next Move Strategy Consulting, stated, “Rise in investments by regulatory bodies in developing digital infrastructure and the emergence of concepts such as e-learning in the education industry create new opportunities in the next few years.”
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The research offers a comprehensive analysis of top segments and their sub-segments of the global digital pen market. Based on the report, the market is analyzed on the basis of top segments including platform type, technology, end user, and geography. By platform type, the research analyzes the market based on Android, iOS, and Windows. On the basis of technology, the report sub-segments the market into camera digital pen, trackball digital pen, accelerometer digital pen, and others. Based on end user, the report further divides the market into BFSI, government, healthcare, IT & telecom, and others. These segments and sub-segments are analyzed with the help of tables and figures.
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Based on geography, the report further classifies the market into North America, Europe, Asia-Pacific, and RoW. The research highlights that North America contributed to the largest market share in terms of revenue in 2021, and will maintain the dominance during the forecast period. This is due to integration of digital technologies and adoption of digital pen in the educational sector. However, Asia-Pacific is estimated to grow steadily by 2030, owing to rise in internet penetration, increase in integration of smart devices, and the trend of bring-your-own-devices.
The research analyzes each segment and sub-segment based on aforementioned regions and their respective countries. This analysis is discussed with the help of tables and figures. This will help in determining strategies to consolidate their presence across the digital pen industry.
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The report profiles and analyzes the leading market players operating in the global digital pen market. It analyzes market players such as HP Inc., Microsoft Corporation, Apple Inc., Anoto Group AB, Wacom Co. Ltd., Toshiba Corporation, Canon Inc., NeoLAB Convergence Inc., STAEDTLER Mars GmbH & Co. KG, Moleskine S.p.A., Hanwang Technology Co. Ltd., and Luidia Inc. They adopted various strategies such as innovations, collaborations, agreements, expansions, and others to ensure the international presence and strengthen their position in the market.
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Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analyzed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top quality research and the obsession of turning data into knowledge by dissecting every bits of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enable them to move beyond time and have competitive edge in the industry.
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