Digital Notes Market Scope
Digital note is a form of note-taking using digital devices such as digital notepad and smartpen. It is a more convenient and effective way of taking notes. With the help of digital notepad, you can easily search, index, tag and sort your notes. Smart Pen, on the other hand, used to take notes, navigate, draw, doodle, and edit. These devices are also small and lightweight allowing users to take them to every place they’d like. Also, digital notes are a more creative and productive way of note-taking.
According to AMA, the Global Digital Notes market is expected to see growth rate of 5.5%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Digital Notes market throughout the predicted period.
Apple Inc. (United States), Microsoft Corporation (United States), Sony (Japan), Kent Displays (United States), Livescribe (United States), Wacom (United States), ACE CAD Enterprise (United States), Neo smartpen (United States), Luidia (United States) and I.R.I.S. Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Anto Group AB (Sweden), Moleskine (United States), Adesso Inc. (United States) and NEWYES (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Digital Notes market by Type (Digital Notepad and Smart Pen), by Application (Note Taking, Sketching/Drawing, Communication and Others) and Region with country level break-up.
On the basis of geography, the market of Digital Notes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On December 7, 2015, Anoto Group AB had acquired leading smart pen maker Livescribe, Inc. Livescribe is now a wholly-owned subsidiary of Anoto and will continue to operate as the company’s consumer-facing brand.
On January 31, 2019, Wacom Co., Ltd. has announced that iFLYTEK, the AI and speech/language technology leader based in China, has adopted Wacom’s EMR™ (Electro-Magnetic Resonance) digital pen technology for its first intelligent tablet device, featuring handwriting input, speech recording, speech to text conversion and other functions. and On October 26, 2017, KENT, has launched the next evolution in writing and a revolutionary new electronic writing tool BLACKBOARD by Boogie Board. It’s the first-ever writing tool featuring Liquid Crystal Paper, offering a new way to plan, write and design by hand.
Market Trend
- Smart Pens with Automatic Digitization
- Tablet, with Tactile Interface and Reasonable Size, Combining Mobility and Usability
Market Drivers
- A rapid change in the education system and technological advancement in developing economies is the key driving factor for the growth of the market. Also, digital transformation in underdeveloped nations has paving the way for the demand of the digital note's market.
- Reduce Cognitive Effort during Note Taking and Improve the Quality of Student Note-Taking Strategies
- Recording and Easy Data Recalling Saves Time
Opportunities
- Digital Notes can be the material for To-do Lists, provide information and updates to Projects
- Students with Learning Disabilities
- Cloud storage and Cross-Platform characteristic make Digital Note-Taking Ubiquitous
Restraints
- High Product Cost and Expensive Technology
- Complexity, Technology Learning Dilemma, Integrity, and Inefficiency Issues
Challenges
- Rapid Technological Changes and New Product Development
- Device Compatibility with Software
Key Target Audience
Digital Notes Manufacturers, Software and IT Firms, University and Academy, Distributors and Suppliers and Industrial Bodies and Associations