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Multi-Touch Equipment Market to cross $20bn by 2024 | Top Companies include Fujitsu Global, Microsoft, Hewlett Packard Enterprise, Panasonic, Samsung Electronics, Synaptics Incorporated, Alps Electric, 3M, Apple, Cypress Semiconductor Corporation

01-23-2019 07:08 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Multi-Touch Equipment Market

Multi-Touch Equipment Market

Multi-Touch Equipment Market growth will be driven by increasing use of touch displays to boost the product performance and operational capability. Nowadays, in order to attract more consumers, most of the companies have been tapping the latest technology trends such as the Internet of Things and artificial intelligence. On these grounds, product manufacturers have been signing long-term agreements with technology companies. For instance, recently, Microsoft announced its plan to launch an IoT and Intelligent Edge solution for its device partners. The newly developed device integrated with multitouch collaboration tools can be incorporated in MS Office and other Microsoft team applications. The advanced version of products having IoT spatial intelligence capabilities will help end-users tap the environmental data and enhance the users’ experience.

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Multi-Touch Equipment Market demand in retail is expected to grow at 10.5% CAGR from 2018 to 2024. The retailers are investing in such technologies to attract customers, enhance ease-of-use, and reduce the dependence on humans. In early 2017, Walmart started using touch screen platforms in some of their stores to allow product searches. Several retailers are also deploying iPads to enable the customers to order online in-store and perform product searches in the inventories. Growing adoption of these devices in kiosks is gaining popularity to retail sector, propelling the demand for these components.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Fujitsu Global
2. Hewlett Packard Enterprise
3. Microsoft
4. Panasonic
5. Samsung Electronics
6. Synaptics Incorporated
7. Alps Electric
8. 3M
9. Apple
10. Cypress Semiconductor Corporation

Multi-Touch Equipment Market size is set to exceed USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. The global shipments are set to grow at 12% CAGR between 2018 and 2024. Multi-touch equipment market is projected to grow due to several benefits offered by these devices including flexibility, enhanced performance, and fast operations. These devices help users from various industries to have a better control over their resources and situation on the field, resulting in ease-of-work. Greater situational awareness and central overview will lead to an effective decision-making thereby spurring the demand for these devices.

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Trackpad/touchpad will exceed over USD 1 billion by 2024, propelling the multi-touch equipment market growth. These components are being increasingly used in gaming devices for an enhanced player experience. The development of an add-on navigation touchpad to allow multiple touch points capabilities is providing several opportunities for the industry growth. Companies, such as Ergo Touchpad and Logitech, are developing low-cost touchpads that are easy to use and can be easily installed on a computer with a USB.

Nowadays, in order to attract more consumers, most of the companies have been tapping the latest technology trends such as the Internet of Things and artificial intelligence. On these grounds, product manufacturers have been signing long-term agreements with technology companies. For instance, recently, Microsoft announced its plan to launch an IoT and Intelligent Edge solution for its device partners. The newly developed device integrated with multitouch collaboration tools can be incorporated in MS Office and other Microsoft team applications.

The China multi-touch equipment market was estimated at around 13 million units, due to several players increasing the R&D investments in the manufacture of these products. The presence of several devices & display manufacturers in the region is one of the key factors for industry growth. The manufacturers are developing these products with benefits such as accurate touch points, advanced design, and customers-friendliness for applications such as trade shows and museums & showrooms.

The consumers in the U.S. and Canada also have a high acceptance of advanced technologies, encouraging the industries such as entertainment and retail to adopt these products. For instance, retailers are replacing the traditional EPOS and in-store videos with these systems to enable customers to access live customer support and product guides.

Browse key industry insights spread across 290 pages with 384 market data tables & 32 figures & charts from the report, Multi-Touch Equipment Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/multi-touch-equipment-market

Multi-Touch Equipment Market will grow rapidly due to its increased adoption in the education sector. Growing trend of e-Learning is fueling the use of advanced electronic devices such as laptops and tablets for learning. The educational institutes are shifting from the interactive whiteboards toward the multi-touch display walls due to projector requirements and the high costs associated with the interactive whiteboards. Several companies are developing software to implement the technology in classrooms. For instance, Snowflake MultiTeach, developed by NUITEQ is a collaborative K-12 multitouch software that provides personalized learning experience.

The multi-touch equipment market will witness growth owing to the ability to provide a streamlined interface with other devices such as POS terminals, video games, etc. The multiple points of the finger contact on these components allow the customers to perform simplified and expedited interaction with the devices. The multi-point interactivity enables fast scrolling, pinch-to-zoom, and intuitive gesture commands. These features allow intuitive and quicker interaction of the users with the host device, increasing the popularity of these devices.

The development of intelligent and interactive kiosks will propel the multi-touch equipment market growth over the forecast timespan, with kiosks accounting to about 10% revenue share in 2017. The kiosks equipped with these components focus on increasing the effectiveness of transaction experience, enhancing the user experience, and supporting an engaging transaction with the customers.

These devices are being increasingly used in healthcare, retail, and hospitality industries. For instances, in June 2018, McDonald’s announced that it will add self-order kiosks in their 1,000 stores every quarter. These will be equipped with multiple touch points technology, providing growth opportunities to the industry.

Key vendors in the multi-touch equipment market comprise 3M, Alps Electric, Apple, Baanto, Cypress Semiconductor Corporation, Fujitsu Global, GestureTek, Hewlett Packard Enterprise, Immersion Corporation, Microsoft, MMT GmbH & Co. KG, Panasonic, Planar Systems, Perceptive Pixel, Samsung Electronics, Synaptics Incorporated, Touch, U-Touch Ltd, Vectorform, and Wintek Corporation.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: industry-source.org

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