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Surface Computing Global Market Poised for Significant Growth, Projected to Reach $304.38 Billion at a CAGR of 36.4% By 2028 | Apple Inc., Planar System Inc., Ideum Inc., Intel Corporation, IBM Corporation
Surface Computing Global Market
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According to The Business Research Company's, The surface computing market size has grown exponentially in recent years. It will grow from $64.89 billion in 2023 to $88 billion in 2024 at a compound annual growth rate (CAGR) of 35.6%. The growth in the historic period can be attributed to early technological development, growth of multitouch device, public awareness, consumer electronics, educational initiatives..
The surface computing market size is expected to see exponential growth in the next few years. It will grow to $304.38 billion in 2028 at a compound annual growth rate (CAGR) of 36.4%. The growth in the forecast period can be attributed to healthcare innovations, autonomous vehicles, privacy and security, smart home integration, enterprise adoption.. Major trends in the forecast period include 3d scanning and modeling, artificial intelligence in user experience, immersive experiences, iot connectivity, customizable interfaces.
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Market Drivers and Trends:
Increasing demand for computers is expected to propel the growth of the surface computing market going forward. A surface computer is a computer that communicates with the user directly through an everyday object's surface as opposed to a monitor and keyboard. It is a use of a specialized computer GUI (Graphical User Interface) in which commonplace, logical objects are used in place of typical GUI components. Surface computing aims to seamlessly interact with objects on a screen by recognizing touch and objects there. For instance, according to International Data Corporation (IDC), a US-based Information technology intelligence, and advisory services company, worldwide shipments of Traditional PCs (desktops, notebooks, and workstations) reached 92.7 million units during the fourth quarter of 2021 (4Q21), representing a 1.0% increase over the same quarter in 2020. Also, 348.8 million PCs were shipped worldwide in 2021, up 14.8% from 202 million. Therefore, the increasing demand for computers is driving the demand for the surface computing market.
Product innovation is a key trend gaining popularity in the surface computing market. Major companies operating in the surface computing market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2021, Microsoft Corporation, a US-based software company launched its first surface laptop studio computer. The new $130 Surface Slim Pen 2 can be hidden and charged under the Surface Laptop Studio's keyboard. The new Surface Pen has a finer tip than the one it replaces, and it incorporates a motor that responds to events in some apps with haptic feedback. The computer's haptic trackpad offers a more enjoyable clicking experience than earlier surface devices. With the use of a unique hinge, users can tilt the 14-inch screen so that it covers the keyboard, which makes the screen closer and easier to write on. Alternatively, users may turn the Laptop Studio over and use it as a tablet. But unlike the surface laptop, the screen is fixed.
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Major Key Players of the Market:
Apple Inc., Planar System Inc., Ideum Inc., Vertigo Systems GmbH, EyeFactive GmbH, Nvision Solutions Inc., Touchmagix Media Private Limited, ViewSonic Corporation, Hewlett Packard Enterprise Development LP, Toshiba Corporation, Qualcomm Technologies Inc, Intel Corporation, IBM Corporation, Fujitsu Ltd., LG Electronics Inc., Sony Corporation, Acer Inc., Panasonic Corporation, Dell Inc., Lenovo Group Ltd., Sensytouch Inc., Ubi Interactive Inc., Perceptive Pixel Inc., Xplore Technologies Corp, Motion Computing Inc., American Battery Solutions, Bulldog Battery Corporation, Crown Batteries, Exide Industries Ltd., C&D Technologies Inc.
Surface Computing Market 2024 Key Insights:
• The surface computing market size is expected to see exponential growth in the next few years. It will grow to $304.38 billion in 2028 at a compound annual growth rate (CAGR) of 36.4%.
• Rising Computer Demand Boosts Surface Computing Market
• Advancing Surface Computing With Microsoft Surface Laptop Studio
• North America was the largest region in the surface computing market share in 2023
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