San Francisco, California, May 22, 2018: The digital writing instruments market is driven primarily by the rising usage of digital pens and the proliferation of smartphones world over. The attractive demand for digital writing instruments rides on the back of emerging new technologies for managing text, graphics, and motion data input into various operating systems, mainly into computers. A new report by TMR Research, titled, “Digital Writing Instruments Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2026”, offers a granular assessment of all such trends and evaluates the way these will be shaping the future growth trajectory.
Constant advancement in writing technology has led to the influx of better digital writing instruments with better functionalities and intuitive operating interface, thereby making them more versatile.
The rising uptake of digital pens among savvy consumers for real-time data management processes is a notable factor propelling the growth of the digital writing instruments market. The substantial advantage digital pens have over traditional input systems is key to their rising popularity in various parts of the world. Advances in hardware and software technology used in digital pens are unlocking promising prospects in the market. The vastly rising demand for digital writing instruments among artists to record and store their drawings is also catalyzing the growth of the market.
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Regionally, North America is a potentially lucrative market for digital writing instruments. The wide potential of the regional market is attributed to substantial appetite for new technologies and the vast uptake of digital pens in the region.
The market features a vendor landscape that is increasingly competitive, on account of the constant flux of products by manufacturers in recent years. Several startups are making a foray into the market with low-priced products, raising the ante higher in the digital writing instruments market.
Some of the players holding prominent positions in the market are Anoto Group AB, Microsoft Corporation, Apple Inc., AsusTek Computer Inc., Acer Inc., Lenovo Group, Hewlett Packard, Luidia, Inc., Moleskine Srl, FiftyThree, Inc., Neo Smartpen Inc., and Dell Technologies.