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Surface Computing Market: Major Trends Reshaping the Future of the Industry
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Will the Surface Computing Industry Market Size Be by 2025?
Recently, the market size of surface computing has witnessed remarkable growth. The market is expected to expand from $86.83 billion in 2024 to $117.04 billion in 2025, marking a compound annual growth rate (CAGR) of 34.8%. Factors such as early technological advancements, the surge in multitouch device usage, increased public awareness, the boom in consumer electronics, and educational initiatives have contributed to the notable growth in the historical period.
What's the Long-Term Growth Forecast for the Surface Computing Market Size Through 2029?
Over the coming years, a considerable expansion is anticipated in the size of the surface computing market. With an estimated compound annual growth rate (CAGR) of 36.8%, it is poised to reach $409.96 billion by 2029. Factors attributable to this projected growth during the forecast period include advancements in healthcare, autonomous vehicles, privacy and security, smart home integration, and enterprise adoption. Key trends during this period are expected to encompass 3D scanning and modeling, utilization of artificial intelligence in user experience, immersive experiences, IoT connectivity, and customizable interfaces.
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What Are the Key Growth Drivers Fueling the Surface Computing Market Expansion?
The anticipated growth of the surface computing market is linked to the rising popularity of smartphones. These handheld devices combine the functionality of a mobile phone with the sophisticated features of advanced computing, such as touchscreen interfaces, internet connectivity, and an array of applications. The uptake in smartphone usage can be tied to a multitude of factors, including easy-to-use features that enhance the user experience, uninterrupted connectivity that keeps users digitally connected, and the emergence of social media platforms stimulating interaction and participation. With its ease of interactivity through touch, gestures, and the ability to handle multiple touch inputs simultaneously, surface computing significantly improves the convenience and pleasure of using smartphones. To illustrate, Demandsage, a US automated reporting platform that utilizes data science to produce genuine insights, reported in December 2023 that as of 2022, the global rate of smartphone users reached approximately 6.6 billion. This marked a 4.2% growth rate compared to the previous year. Hence, the surge in smartphone usage is fuelling the demand for the surface computing market.
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What Are the Key Trends Driving Surface Computing Market Growth?
Product innovation is emerging as a noteworthy trend in the surface computing industry. Prominent companies active in this market are aiming to enhance their industry position by crafting novel solutions. For example, Microsoft, a US-based tech giant, introduced the Surface Laptop 5 and the Surface Pro 9 in November 2022. These cutting-edge devices blend superior technology and design to enrich user experience. With its modish design, the Surface Laptop 5 is available in 13.5" or 15" PixelSense display options, promises vibrant visuals amplified by Dolby Vision IQ, and runs on the latest Intel Evo platform, ensuring exceptional performance and endurance all day long. On the other side, the Surface Pro 9 serves as a dual-function device operating as a laptop and a tablet, offering a 13-inch seamless PixelSense display with a swift 120Hz refresh rate. It prescribes the 12th Gen Intel Core processors or Microsoft SQ3 chip, which backs 5G connectivity, rendering it a versatile gadget for users.
How Is the Surface Computing Market Segmented?
The surface computing market covered in this report is segmented -
1) By Type: Flat, Curved Display
2) By Vision: Two Dimension, Three Dimensional
3) By Touch: Single Touch, Multi-touch, Multi-user
4) By Application: Automotive, Education, Entertainment, Financial Services, Government, Healthcare, Hospitality, Other Applications
Subsegments:
1) By Flat Display: LCD, LED, OLED
2) By Curved Display: Curved LCD Displays, Curved OLED Displays, Ultra-Wide Curved Displays
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Which Companies Are Leading the Charge in Surface Computing Market Innovation?
Major companies operating in the surface computing market include 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.
Which Regions Are Leading the Global Surface Computing Market in Revenue?
North America was the largest region in the surface computing market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surface computing market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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