Iot

Digital Pen Market to Reach $2.26 Bn, Globally, by 2030

Increase in the utilization of IoT solutions, rise in the adoption of business process automation, and increase in the adoption of bring your own device (BYOD) policy drive the growth of the global digital pen market

Allied Market Research published a report, titled, “Digital Pen Market by Platform Type (Android, iOS, Window), by Technology (Camera Digital Pen, Accelerometer Digital Pen, Trackball Digital Pen, Others), by End User (BFSI, Healthcare, Manufacturing, Government, It & Telecom, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030.” According to the report, the global digital pen industry generated $586.20 million in 2020, and is expected to reach $2.26 billion by 2030, witnessing a CAGR of 14.7% from 2021 to 2030.

Download Sample Report (Get Full Insights in PDF – 301 Pages) @ https://www.alliedmarketresearch.com/request-sample/4534

Drivers, Restraints, and Opportunities

Increase in the utilization of IoT solutions, rise in the adoption of business process automation, surge in the adoption of smart devices, and increase in the adoption of bring your own device (BYOD) policy drive the growth of the global digital pen market. However, lack of technology readiness in various underdeveloped countries hinders the market growth. On the other hand, emergence of digital platforms and surge in investments in digitization present new opportunities in the coming years.

Covid-19 Scenario

  • The increase in demand for smart infrastructure solutions across various sectors including healthcare, IT & telecom, and BFSI led to surge in the growth of the digital pen market during the pandemic. However, disruptions in the supply chain and lockdown restrictions hindered the market growth.
  • Lack of availability of skilled workforce and cancelation or postponement of many projects with implementation of partial or complete lockdown posed hindrances in manufacturing activities.
  • However, the surge in adoption of industrial automation solutions is projected to surge the demand for digital pens post-lockdown.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/4534

The Android Segment to Maintain its Lead Position throughout the Forecast Period

Based on platform type, the Android segment accounted for the highest share in 2020, contributing to more than two-thirds of the global digital pen market, and is projected to maintain its lead position throughout the forecast period. This is due to easy integration with Google-based products and services, ability to run multiple apps, and ease of synchronization. However, the iOS segment is projected to register the highest CAGR of 15.2% from 2021 to 2030, owing to surge in demand for devices such as smartphones and tablets by Apple Inc.

The Healthcare Segment to Maintain its Leadership Status during the Forecast Period

Based on end user, the healthcare segment held the largest share in 2020, accounting for nearly one-fifth of the global digital pen market, and is projected to maintain its leadership status during the forecast period. However, the BFSI segment is projected to portray the highest CAGR of 17.1% from 2021 to 2030.

North America to Continue its Dominance in Terms of Revenue by 2030

Based on region, North America accounted for the highest market share in 2020, holding more than one-third of the global digital pen market, and is expected to continue its dominance in terms of revenue by 2030. This is attributed to surge in investments by prominent players in internet of things
(IoT) solutions. However, Asia-Pacific is estimated to manifest the fastest CAGR of 15.6% from 2021 to 2030. This is due to rise in awareness regarding artificial intelligence (AI) and IoT technologies.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @  https://www.alliedmarketresearch.com/request-for-customization/4534?reqfor=covid

Leading Market Players

  • Moleskine
  • Apple Inc.
  • Canon Inc.
  • Hanvon Technology Co. Ltd.
  • HP Enterprise Development
  • Livescribe inc.
  • NeoLab Convergence, Inc.
  • Toshiba Corporation
  • Wacom
  • Xcallibre

Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Stylus Pen Market By Type (Active and Passive), Platform Type (Chrome OS, IOS, Windows, and Android), Screen Type (Conductive and Resistive), and Application (Smartphones, Tablets, Laptops, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

Stylus Pen for Education Market by Type (Active and Passive), Platform Type (Chrome OS, iOS, Windows, and Android), Screen Type (Conductive and Resistive), and Application (Laptop, Tablets, and Convertible): Global Opportunity Analysis and Industry Forecast, 2020–2027

Infrared Camera Market by Technology (Cooled IR Camera and Uncooled IR Camera), and End Use (Defense & Military, Industrial, Commercial Surveillance, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

Smart Display Market By Type (Signage, Mirror, and Home Display), Resolution (UHD, FHD, and HD), Display Size (Below 32 Inch, Between 32 to 52 Inch and Above 52 Inch) and End User (Automotive, Residential, Retail, Healthcare, and Sports and Entertainment): Global Opportunity Analysis and Industry Forecast, 2021–2028

Pre-Book Now with 10% Discount:

Digital Twin Technology Market– Global Opportunities and Forecasts, 2022-2030

Digital Holography Market– Global Opportunities and Forecasts, 2022-2030

Previous ArticleNext Article