New York, June 23, 2023 (GLOBE NEWSWIRE) -- The surface computing market is anticipated to be worth US$ 480.0 billion by 2033. In 2023, it is projected to reach a valuation of about US$ 47.0 billion. The global market is expected to surge at a CAGR of around 26.2% during the following ten years.
Surface computing offers a highly intuitive and natural user experience. By eliminating the need for traditional input devices such as keyboards and mice, it allows users to directly interact with digital content using gestures and touch. This simplicity and familiarity might appeal to a broad range of users, making surface computing an attractive option for various applications.
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Surface computing enables collaborative interactions among multiple users simultaneously. This feature is particularly valuable in business and educational settings where teamwork and brainstorming are essential. By fostering real-time collaboration and encouraging active participation, surface computing can refine productivity and creativity.
As the internet of things (IoT) continues to expand, surface computing becomes a crucial interface between humans and connected devices. It provides a unified platform to control and monitor IoT-enabled devices such as smart homes, smart offices, and industrial automation systems. Ability to seamlessly integrate with IoT technologies is set to position surface computing as a vital component of the smart ecosystem.
Surface computing has gained significant traction in retail and hospitality sectors. In retail, interactive displays and tabletops can enable engaging product demonstrations, personalized shopping experiences, and efficient point-of-sale transactions. Similarly, in hospitality, surface computing might facilitate guest interactions, digital concierge services, and immersive entertainment experiences, thereby enhancing customer satisfaction and loyalty.
With continuous advancements in display technologies, processors, and touch-sensitive materials, surface computing is becoming more affordable, scalable, and versatile. These technological improvements would enable the development of thinner, larger, and more responsive surfaces. These can be integrated into various environments, including homes, offices, public spaces, and vehicles.
Surface computing has revolutionized the entertainment and gaming sectors. Interactive tabletops and displays would offer immersive gaming experiences, virtual reality interactions, and augmented reality applications. By blurring the lines between physical and digital worlds, surface computing is anticipated to create captivating and memorable entertainment experiences.
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Key Takeaways from Surface Computing Market Study:
- The global surface computing industry exhibited a CAGR of 34.1% from 2018 to 2022.
- China surface computing industry is set to reach a valuation of US$ 41.6 billion by 2033.
- The United States surface computing market showcased steady growth at 32.3% CAGR during the historical period.
- The United Kingdom surface computing industry is estimated to create an absolute dollar opportunity of US$ 21.8 billion in the forecast period.
- Based on vision, the two dimensional segment is estimated to witness a CAGR of 26.1% from 2023 to 2033.
“Intuitive user experience, broad market application, growing price, and demand for touchless interactions in the post-pandemic environment are all factors contributing to surface computing's rising popularity. Companies can anticipate surface computing to play an increasingly significant role across numerous sectors globally as these reasons continue to drive innovation.” – says a lead analyst at Persistence Market Research (PMR).
Competitive Landscape
Businesses in the surface computing industry are spending money on research & development to improve the capabilities of their current products. Accuracy, quickness, and sensitivity of the touch interface are being improved.
They are also integrating cutting-edge technologies such as voice control, gesture recognition, and augmented reality integration. Businesses might keep ahead of the competition and meet the changing wants of people by providing cutting-edge products and features.
A few additional service providers are establishing strategic alliances and partnerships with IT service providers, software developers, and sector-specific businesses. These partnerships can aid in the integration of complementary technologies, access to specialized knowledge, and market expansion. Development of specialized solutions suited to particular sectors can also be facilitated through partnerships with content producers, app developers, and leaders.
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Top Key Players are
Microsoft Corporation, 3M Co, Apple Inc., Qualcomm Technologies Inc., Intel Corporation, IBM Corporation, Fujitsu Ltd., LG Electronics Inc., Sony Corporation, Panasonic Corporation
For instance,
- In June 2023, to simulate the feeling of putting on garments online, Google unveiled a revolutionary virtual try-on tool that uses generative artificial intelligence. This tool, which can be accessed via Google's search engine, is presently geared at women's tops. Shoppers can select a virtual model to try on clothes from numerous brands, including H&M, Loft, Everlane, and Anthropologie, by clicking on items marked with a ‘Try On’ logo.
The purpose of this technology is to help customers visualize how the apparel products might look on people with different characteristics.
- In October 2022, ahlibank unveiled its latest all-in-one device for express banking services at its recently inaugurated branch in Madinat al Sultan Qaboos. The primary objective is to streamline banking procedures and provide a distinctive platform for both existing & new customers, available at all times. This innovative offering enables ahlibank customers to conveniently conduct their banking transactions digitally, 24/7.
Get More Valuable Insights into Surface Computing Market
Persistence Market Research (PMR), in its new offering, presents an unbiased analysis of the surface computing industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The surface computing industry is segmented by type (flat surface computing, non-flat surface computing), vision (two dimensional, three dimensional), application (automotive, education, entertainment, financial services, government, healthcare, hospitality, retail), and regions.
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