Global News Point: Digital Pen Market

Tuesday, August 13, 2019

Digital Pen Market Size August 13, 2019

Technological Advancement to Drive Digital Pen Market Forward in Coming Years

The increasing demand for digital pens owing to their advanced features and rising disposable income have contributed to the growth of the digital pen market, which generated a revenue of $773.5 million in 2017. It is expected to grow at an 18.4% CAGR during the forecast period (2018–2023).

Digital pens are tools that capture information on a digital surface, such as a specially designed digital paper or a liquid crystal display (LCD) screen. These pens mostly have built-in scanners and handwriting recognition software, which converts the handwritten text into the typed form.

The usage of these pens on digital whiteboards in educational institutes encourage interactive learning among students and help them conveniently share and record the content as per their requirement.

A shift toward digital learning methods is being observed in the digital pen market. The advancement and ease of use of technology have enabled the students and teachers alike to shift from traditional learning methods, such as books and pens to digital devices including mobile phones, computers, and laptops devices that are compatible with digital pens.

Another major trend in the digital pen market is the use of such electronics in art and design work. This enables artists to sketch in a freehand manner, but on a digital platform. The illustrations and designs are then smoothly transferred to a computer, where further modifications can be done with ease, and the work can be stored for a long time without losses in the print quality.

Digital Pen Market Segmentation

Market Segmentation by Compatibility

Single OS
Multiple OS

Market Segmentation by Technology

Active Digital Pen
Camera-Based Digital Pen
Accelerometer-Based Digital Pen
Positional Digital Pen
Trackball-Based Digital Pen

Deepak Kumar 0

Wednesday, May 1, 2019

Digital Pen Market Size May 01, 2019

Digital Pen Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report by 2023

Global digital pen market is expected to reach $2,098.1 million by 2023. Growing usage of digital pens in education and health sectors, increased usage of smart devices, advancements in digital technology, and high per capita income are some of the major factors driving the growth of the market.

Of all applications of digital pen market, clinical documentation will contribute the highest shipment globally, with a projected share of more than 20% in 2023. It is also expected to be the fastest growing category during the forecast period, registering a CAGR of 21.3%.

Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/digital-pen-market/report-sample

North America has been the largest digital pen market, accounting for 44.5% and 40.6% shares in terms of value and volume respectively in 2017, followed by Asia-Pacific. It is mainly attributed to the increased usage of tablets and personal computers, and increasing penetration of internet.

Digital pen market has been growing at a high rate, as they are being widely used to eliminate paper work. They help reduce the enormous amount of time involved in filling forms for various purposes.

These pens are also helpful in maintaining the legal security of original signatures in forms and the human touch factor (in contrast to mechanical), which is essential when recording and discussing sensitive information.

Read summary of report here :: https://www.psmarketresearch.com/market-analysis/digital-pen-market/

Owing to large demand for Wacom digital pens, the company enjoys economies of scale. Wacom’s OEM partnerships is the key reason for the large demand of its digital pens. However, the other major players, including Anoto, are also trying to establish OEM partnerships, which has resulted in its increased market share in the recent past.

Digital Pen Market Segmentation

Market Segmentation by Compatibility