Digital writing instruments are becoming more and more popular day by day due to rapid digitalization in various industrial verticals. The use digital writing instruments in various applications such as education, healthcare, communication, billing and back office has been a major trend across the globe. The usage of smart devices such as smart phone, smart lock, and others are also playing an important role in fueling the growth of digital writing instruments market. Also, increasing usage of digital writing instruments in art and designing works are some of the factors which are supporting the rapid adoption of digital writing instruments.
Digital writing instruments are battery-operated instruments which allows users to digitally capture a hand-written note or drawing. With the advent of modern computing technology digital writing instruments users can easily record their text entry, drawings, diagrams, quick notes and can transfer them to a computer where they can be used either as-is or in other way in order to enhance workflow. The various features and applications of digital writing instruments are playing an important role in fueling the growth of digital writing instruments market.
The technological advancement in electronic devices and the need to increase the durability of products are the significant factors driving the growth of Digital writing instruments market. Also, the use of digital instruments to store and maintain the data securely is an important factor which is fueling the growth of digital writing instruments market. Moreover, the deployment of digital learning and the increasing usage of digital writing instruments to eliminate the paper work are some of the factors which is fueling the growth of digital writing instruments market.
The high cost of digital writing instruments over the traditional instruments is one of the major challenge which may hinder the growth of digital writing instruments market. Apart from this, some digital writing instruments needs to be charged at definite interval and is not preferred to be used for long hours is also one the major issue which may limit the growth of digital writing instruments market.
On the basis of product type digital writing instruments can be segmented as digital pen, digital pencil, stylus, notepad, and others. On the basis of application digital writing instruments can be segmented as education, healthcare, identity & access management, and others. The Prominent players inDigital writing instruments market are Apple Inc., Microsoft Corporation, Anoto Group, Wacom Co., Ltd, Canon Inc., E-pens Ltd., Staedtler Mars GmbH & Co. KG, Hanvon Technology Co. Ltd., Moleskine, and others
On geographic basis, North America is anticipated to be the largest market for Digital writing instruments due to increasing usage of digital instruments in the region and the rapid adoption of digital writing instruments in the region. APAC is expected to be fastest growing region for Digital writing instruments market due to the presence of countries which offers potential growth opportunities in Digital writing instruments market such as India, China and Japan. Europe and Latin America are also anticipated to offers growth opportunities in Digital writing instruments market due the rise in digital technologies in the region.
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