PUBLISHER: Allied Market Research | PRODUCT CODE: 1414853
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414853
According to a new report published by Allied Market Research, titled, "Surface Computing Market," The surface computing market was valued at $42.5 billion in 2022, and is estimated to reach $762.1 billion by 2032, growing at a CAGR of 33.8% from 2023 to 2032.
The surface computing market is expected to witness notable growth owing to rapid expansion of corporate sectors and increase in digitization in industries enhance mobility and productivity. Moreover, technological advancements are expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, security concern's and costs and budget constraints limits the growth of the surface computing market. Furthermore, increase in demand for surface computing for enhancing businesses drive the growth of global market. In addition, surge in demand for cloud services and rise of digitalization are anticipated to propel the growth of the surface computing market during the forecast period. Moreover, evolution of touch-based product and increasing demand for augmented reality (AR) integration are also anticipated to enhance market growth. Furthermore, there is a surge in technological advancements, which in turn is expected to create numerous opportunities for the growth of the market.
Moreover, growth of work from home (WFH) policy is expected to provide lucrative growth opportunities for the market in the coming years. Furthermore, the growing adoption of Internet of Things (IoT) devices and smart environments presents new opportunities for surface computing market, as it can serve as a gateway for interaction and control in connected ecosystems. The market is also witnessing advancements in transparent and flexible display technologies, paving the way for new form factors and applications in the surface computing space.
The surface computing market is segmented into component, display type, industry vertical, and region. On the basis of component, the market is divided into hardware and software. By display type, it is categorized into flat display and curved display. By industry vertical, it is classified into retail, hospitality, automotive, BFSI, healthcare, and others. Region wise, the surface computing market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the surface computing market are Microsoft Corporation, Dell Inc., Samsung Electronics Co. Ltd, Apple Inc., LG Electronics Inc., Planar Systems Inc., Lenovo Group ltd., HP Inc., Fujitsu Ltd., and Sony Corporation. These major players have adopted various key development strategies such as
1) business expansion, new product launches, and partnerships, which help to drive the growth of the surface computing market globally.
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