PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515484
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515484
Asia Pacific Surface Computing Market was valued at USD 13,377.24 million in 2023, expanding at a CAGR of 35.5% from 2024 to 2032.
Surface computing refers to a computer that engages with the user by utilizing the surface of a regular object, rather than relying on a monitor and keyboard. It employs a specialized computer graphical user interface (GUI) that replaces conventional GUI elements with familiar and instinctive everyday objects. The objective of surface computing is to effortlessly identify touch and objects on the screen's surface and seamlessly interact with them. This innovative approach to computer usage transcends the conventional mouse-and-keyboard experience, offering a fresh perspective on working with computers.
Asia Pacific Surface Computing Market- Market Dynamics
The surge in demand for cloud services and the rise of digitalization are expected to propel market demand
The demand for computing interfaces that are easy to use and allow for interaction is increasing as businesses and consumers embrace cloud-based solutions and digital technologies. Surface computing, which combines physical and digital elements through touch-sensitive screens, is becoming popular in sectors such as retail, healthcare, and education in the Asia Pacific region. In 2022, China's cloud computing market volume grew by 40.91 percent compared to the previous year, reaching 455 billion yuan (approximately 63.37 billion U.S. dollars). This growth rate exceeded the global average of 19 percent and is expected to surpass one trillion yuan by 2025, according to the China Academy of Information and Communications Technology. Additionally, the ongoing digitalization efforts in various industries present numerous opportunities for market expansion. However, the high implementation costs can be a significant barrier to the adoption of surface computing in the Asia Pacific market.
Asia Pacific Surface Computing Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 35.5% over the forecast period (2024-2032)
Based on Component segmentation, the hardware sector was the leading type in 2023
Based on Vertical segmentation, the retail sector was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
The Asia Pacific Surface Computing Market is segmented based on Component, Display Type, Vertical, and Country.
The Asia Pacific Surface Computing market is primarily led by hardware. Surface computing hardware in the Asia Pacific region is essential for facilitating interactive and engaging user experiences in different industries.
The market is segmented into two groups according to the type of display: Flat Display and Curved Display. Flat displays are commonly used in enterprise collaboration and retail settings, whereas curved displays are designed to provide immersive experiences in entertainment and specialized visualization applications within the Asia Pacific Surface Computing market.
The market is segmented into five verticals: Healthcare, BFSI, Hospitality, Retail, Automotive, and Others. The dominant sector in the market is Retail. Within the retail sector, surface computing technologies are being increasingly adopted in the Asia Pacific region to enhance customer engagement, streamline operations, and improve the overall shopping experience.
Asia Pacific Surface Computing Market- Geographical Insights
The Asia Pacific Surface Computing market analysis encompasses various countries such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, as well as the rest of the Asia Pacific (APAC) region. China, in particular, dominates the Surface Computing market with the largest market share. This is primarily attributed to the growing demand for surface computing solutions to enhance business operations. In China, surface computing solutions are extensively utilized in sectors like retail, hospitality, education, and healthcare to enhance customer interaction, service delivery, and operational efficiency.
The Asia Pacific Surface Computing market is characterized by fierce competition, with companies striving to stand out through innovation, unique product offerings, strategic alliances, and customer-centric strategies. Those who can adapt to the changing landscape and align with market trends are well-positioned to meet the increasing need for interactive and immersive computing solutions in various industries. Manufacturers are anticipated to expand into new territories within the Asia Pacific region, utilizing local partnerships and distribution channels to broaden their market presence and enhance competitiveness.
On November 15, 2022, Microsoft made an official announcement regarding the commencement of pre-orders for their latest Surface products, namely the Surface Laptop 5 and Surface Pro 9, in India. Microsoft's recent unveiling showcased its vision for the future of Windows PC, emphasizing the integration of cloud technology and AI advancements to unlock innovative experiences. With the launch of these new Surface devices, Microsoft aims to provide users with a unified platform that encourages active participation, visibility, and the freedom to express their creativity.
On May 20, 2024, Dell Technologies unveiled the Dell AI Factory, providing customers with the most extensive AI portfolio in the industry, spanning from devices to data centers to the cloud. Additionally, customers can leverage an open ecosystem of technology partners to develop AI applications tailored to their specific requirements, either through a standard purchase or via a Dell APEX subscription.
ASIA PACIFIC SURFACE COMPUTING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Microsoft Corporation
Sony Corporation
Dell Technologies, Inc.
Samsung Electronics Co., Ltd. (Samsung Group)
Apple Inc.
LG Electronics Inc.
Leyard Optoelectronic Co. (Planar Systems, Inc.)
Lenovo Group Limited
HP Inc.
Fujitsu Limited
Others
ASIA PACIFIC SURFACE COMPUTING MARKET, BY COMPONENT - MARKET ANALYSIS, 2019 - 2032
Hardware
Software
ASIA PACIFIC SURFACE COMPUTING MARKET, BY DISPLAY TYPE- MARKET ANALYSIS, 2019 - 2032
Flat Display
Curved Display
ASIA PACIFIC SURFACE COMPUTING MARKET, BY VERTICAL - MARKET ANALYSIS, 2019 - 2032
Healthcare
BFSI
Hospitality
Retail
Automotive
Others
ASIA PACIFIC SURFACE COMPUTING MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC