Market Highlights
Digital Paper System also popularly referred as (Digital) Notebook is basically a handheld device, having features & appearance just as tablets. However the gadget used as a notepad has a unique feature that allows users to make handwritten notes/ documents using a stylus, to mark/ remark, as well as to save & share/forward it with contacts.
Similarly it also lets users to mark/ remark on other numerous/downloaded documents, save & send it. Thus, eliminating the probable cluttering mess around, this meticulous tool helps to enhance one’s potential & productivity, establishing a collaboration through shared files with remarks & highlights. Further allowing to access the saved files from anywhere & anytime these notebooks make for an effective counterpart to laptops & Tablets. Besides, this digital notepad helps you to save environment eliminating the (hard copies) paper use.
Apart from business executives, these notebooks are widely used by doctors, professional writers, students, media/entertainment & law professionals. Attributing to its wide uptake worldwide, its market is flourishing on the global level. Simultaneously, Industry players keep adding features & software updates to make their product unparalleled to their competitors. This in turn provides a huge impetus to the market, further pushing it to the extended growth.
Taking a note from the current market progress; Market Research Future has recently published a study report giving out the complete market insight up till 2023. According to the report, the booming market of Digital paper system, further garnering more prominence will accrue exponentially registering a fabulous CAGR over the forecast period (2017-2023)
In addition to the above mentioned features, another feature that propels the market growth is ease in reading while ensuring low power consumption. Besides, rising numbers of technologies getting introduced in the market such as ‘electro wetting, electrophoretic, electro- chromic, cholesteric liquid crystal display and many more’ is another factor contributing to the market growth.
Growing consumer awareness towards the advantages of Digital Paper System is another key driver of the market growth. Other factors that foster the market growth globally include growing number of businesses, urbanization, improving economy that allows consumer affordability etc. Easy payment modules offered by various banks that allows the installment paying system fuels the market growth to an extent.
On the hand, some tablets like IPad & Samsung offer most of the features of digital notebook and obviously, many users prefer carrying a single gadget instead of two or more. This restricts the market growth up to some extent. However, it is still a lot easier to read & write on these notebooks’ display that renders full letter size which eliminates the need to zoom or scroll. This factor increasing popularity of these digital paper systems is expected to support the market growth.
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Segmentation:
For the convenience of the report and enhanced understanding; MRFR Analysis – Global Digital Paper System Market is been segmented in to 4 key dynamics: -
By Application : Comprises Technology Wearable, e-Readers, Cell Phones & Music Player and other.
By Technology : Electrochromic, Electrophoretic, Cholesteric (CH-LCD), Electrowetting & other
By End-User : Consumer Electronics, Retail, Education & other.
By Regions : Europe, North America, APAC and Rest of the World.
Segment Electrophoretic by technology is projected to perceive high growth during the forecast.
Worldwide Digital Paper System Market – Regional Analysis
North America is the largest market further expected to account for the largest market share of the global Digital Paper System Market in next 6 years. Technical advancements and increasing uptake drives the regional market.
Asia-Pacific on the other hand, is emerging as the fastest growing market globally.
Key Players
The Market of Digital Paper System appears to be competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. The market will witness intensified competition with an increase in R&D innovations and M&A.
Industry/ Innovation/ Related News:
November, 2017 - Moleskine (Italy) a leading manufacturer and designer for Paper & paperless product; formed a partnership with Microsoft introduced an app that helps users to sync paper notes & Windows 10 devices together using a smart writing system. The duo is planning further to let Moleskine users to incorporate online & offline notes.
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