Digital Pen Market to Reach $815.78 Million, Globally, By Top Key Players: Apple Inc., Canon Inc., Hanvon Technology Co. Ltd, HP Enterprise Development, Livescribe Inc., Moleskine, NeoLab Convergence, Inc., Toshiba Corporation, Wacom, and Xcallibre

According to a new report by Allied Market Research, titled, Digital Pen Market by Platform Type (Android, iOS, Windows), Technology (Camera digital pen, Accelerometer digital pen, trackball digital pen, and Others), and End User (BFSI, Healthcare, Manufacturing, Government, IT & Telecom, and Others): Opportunity Analysis and Industry Forecast, 2017-2023, the digital pen market was valued at $326.79 million in 2016, and is projected to reach at $815.78 million by 2023, growing at a CAGR of 14.5% from 2017 to 2023.

Growth in disposable income, increase in demand for data integrity, and the increase in investment on digitization by the government drive the adoption of digital pen in the market. Moreover, various benefits offered by digital pen such as data integration, reduced administration & processing cost, and low training & support cost fuel the digital pen market. Asia-Pacific is expected to be the fastest growing regional segment in the near future, with the highest CAGR. The Asian region, with countries such as China, India, and Australia is an emerging market for digital pen market.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/4534?utm_source=OPR

The government is also investing huge on internet connectivity and digitalization across different countries in Asia. The increase in penetration of handheld devices such as smartphone and tablet across the region is driving the market growth in the region. The benefits of digital pen include easy data management and storage using Bluetooth or USB drives, increased productivity, visual recordings, and compatible.

Digital pen is a writing instrument that allows the user to digitally capture handwritten notes or drawing, provides and used in conjunction with a digital notebook, smartphones, or tablets. Increase in government spending on digitization drives the demand for digital pen.

In 2016, android segment dominated the digital pen market in platform type segment, in terms of revenue. Moreover, camera digital pen segment witnessed significant growth, due to intuitive design, require minimal training, and effortless data transmission facility.

North America was the highest revenue contributor to the digital pen market in 2016, accounting for around 37.70% share, owing to surge in demand for digital creativity across media & journalism industry and rapid digitization has contributed to the growth of the digital pen market in this region. Furthermore, increase in adoption of BYOD policy across various end user such as BFSI, healthcare, manufacturing, and others drive the market across the country.

The report features a competitive scenario of the digital pen market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Apple Inc., Canon Inc., Hanvon Technology Co. Ltd, HP Enterprise Development, Livescribe Inc., Moleskine, NeoLab Convergence, Inc., Toshiba Corporation, Wacom, and Xcallibre. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Analyst Review:

Digital pen allows user to capture the handwritten notes or drawing digitally. The digital pen market is expected to reach $815.78 million by 2023, owing to rise in adoption of business process automation, growth in internet penetration, and increase in adoption of smart and connected devices. However, lack of technology readiness in various underdeveloped nations might limit the adoption of digital pen.

Make a Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/4534?utm_source=OPR

Need for data integrity, easy traceability, and accuracy & data precision are the necessary requirements for various end users, which drive the demand for digital pen. This enables the end users to perform the tasks and maintain documentation at office space or remote location as per the requirement or based on the need to capture the data.

In 2016, North America was the highest contributor, in terms of revenue, in the digital pen market. In addition, android platform type has contributed significant revenue to the market, majorly from the U.S. Furthermore, the BFSI segment is anticipated to witness the highest growth rate during the forecast period, due to heavy investment in financial inclusion and various financial products development by the end user.

Key market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances, to increase awareness about digital pen across various countries.

LIST OF TABLES

TABLE 1. GLOBAL DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 2. ANDROID DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 3. IOS DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 4. WINDOWS DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 5. GLOBAL DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 6. CAMERA DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 7. ACCELEROMETER DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 8. TRACKBALL DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 9. OTHERS DIGITAL PEN MARKET, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 10. GLOBAL DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 11. DIGITAL PEN MARKET FOR BFSI, BY GEOGRAPGHY, 2016-2023 ($MILLION)
TABLE 12. DIGITAL PEN MARKET FOR HEALTHCARE, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 13. DIGITAL PEN MARKET FOR MANUFACTURING, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 14. DIGITAL PEN MARKET FOR GOVERNMENT, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 15. DIGITAL PEN MARKET FOR IT& TELECOM, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 16. DIGITAL PEN MARKET FOR OTHERS, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 17. DIGITAL PEN MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 21. NORTH AMERICA DIGITAL PEN MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. U.S. DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 23. U.S. DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 24. U.S. DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 25. CANADA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 26. CANADA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 27. CANADA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. MEXICO DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 29. MEXICO DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 30. MEXICO DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 31. EUROPE DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 32. EUROPE DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 33. EUROPE DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 34. EUROPE DIGITAL PEN MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 35. UK DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 36. UK DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 37. UK DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 38. GERMANY DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 39. GERMANY DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 40. GERMANY DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. FRANCE DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 42. FRANCE DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 43. FRANCE DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 44. ITALY DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 45. ITALY DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 46. ITALY DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 47. REST OF EUROPE DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 48. REST OF EUROPE DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 49. REST OF EUROPE DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 50. ASIA-PACIFIC DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 51. ASIA-PACIFIC DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 52. ASIA-PACIFIC DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 53. ASIA-PACIFIC DIGITAL PEN MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 54. CHINA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 55. CHINA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 56. CHINA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 57. INDIA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 58. INDIA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 59. INDIA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 60. JAPAN DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 61. JAPAN DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 62. JAPAN DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 63. AUSTRALIA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 64. AUSTRALIA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 65. AUSTRALIA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 66. REST OF ASIA-PACIFIC DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 67. REST OF ASIA-PACIFIC DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 68. REST OF ASIA-PACIFIC DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 69. LAMEA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 70. LAMEA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 71. LAMEA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 72. LAMEA DIGITAL PEN MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 73. LATIN AMERICA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 74. LATIN AMERICA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 75. LATIN AMERICA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 76. MIDDLE EAST DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 77. MIDDLE EAST DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 78. MIDDLE EAST DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 79. AFRICA DIGITAL PEN MARKET, BY PLATFORM TYPE, 2016-2023 ($MILLION)
TABLE 80. AFRICA DIGITAL PEN MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 81. AFRICA DIGITAL PEN MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 82. APPLE INC.: COMPANY SNAPSHOT
TABLE 83. APPLE: OPERATING SEGMENTS
TABLE 84. APPLE: PRODUCT PORTFOLIO
TABLE 85. CANON: COMPANY SNAPSHOT

Access Full Summery @ https://www.alliedmarketresearch.com/digital-pen-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.