Market Overview:
The global Digital Paper System Market is expected to grow at a CAGR of 38.40% with a value of USD $6 Billion during the estimated the forecast year of 2021-2030.
The digital signature type offers secured and verified transactions to support the growing digitized business. The market is projected to be driven by the increased demand for e-business and paperless workflow. It assists businesses like retail, BFSI, healthcare, government, IT, and telecommunications, among others, in lower operational expenses. Its deployment offers a competitive edge to the business across industries. Similarly, the increased government backing will likely restore the digital paper system market growth.
An electronic paper display is an electric surface that reproduces the look of the ink on the paper. The electronic paper display or electronic ink is used for applications like e-books, electronic newspapers, portable signs, and foldable displays. The digital paper system market is a significant development in display technology due to its advanced features like readability, indirect light, low power consumption, lightweight, durability, and convenient composition. The primary advantages of electronic paper over traditional LCD screens are paper-like readability and extremely low power consumption. The rising demand for on-the-move information, a growing number of electronic readers, and the development of easy-to-use display devices are the significant factors driving the demand for the digital paper system market growth. The electronics devices segment was impacted hugely by the COVID-19 lockdown period. China is one of the major suppliers of raw materials and finished all the product generation work. The industry is still facing a reduction in production work and disruption in the supply chain, and price fluctuations. The sales of the major electronic companies are also expected to be affected in the upcoming few periods.
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Market Segmentation:
The global digital paper system market has been segmented into three basic categories: end-user, application, and technology. With the end-user section, the market has been divided into four parts such as education, retail, consumer electronics, and many others. Based on the application part, it is further classified into five parts: wearable technology, cell phones, e-readers, music players, and others. As per the technology section, the market is further classified into five sections such as electrochromic, electrophoretic, cholesteric, electrowetting, and others. With the regional basis, it is further divided into five sections Asia-Pacific, Europe, North America, South America, and Middle East Africa.
Key Players
- Amazon.com Inc.
- E Ink Holdings Inc. (Taiwan)
- Sony (Japan)
- Xerox Corporation (U.S.)
- Bridgestone Corp (Japan)
- Aveso Displays (U.S.)
- Delta Electronics Inc. (Taiwan)
- LG Display (South Korea)
- Gamma Dynamics (U.S.)
- and Samsung Electronics (South Korea).
Regional Analysis:
North America is one of the largest markets for digital paper system market due to the high penetration rate of tablets. Factors such as technological advancements and the positive environmental impact due to the significantly less energy consumption as compared to the other display technologies and the growth of the application areas are adding momentum to the paper display market in North America. With the additional benefits of being easily readable in bright sunlight, e-paper could be an attractive addition to the smartwatch industry, especially for outdoor use.
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Industrial News:
According to the latest report, smartwatch unit sales were estimated to grow significantly within the estimated forecasting years. The increasing digitalization of several industry workflow systems is likely to revolutionize business. The rising acceptance of dematerialization by most companies is one of the major factors driving the market’s growth. Paperless solutions provide numerous advantages, including convenience, speed and superior workflow efficiency. Electronic documents help organizations in reducing the expenses of stationery.
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