Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
The pen display consists of an electronic device such as smart pads, tablets or other electronic equipment and the pressure pen that operates on the principle of electromagnetic induction. The global pen display graphic market is driven by its growth in the animation industry. Both 2D and 3D animators uses a graphic tablet along with a pen for drawing storyboards, sketching characters, creating backgrounds, and animating frames on the screen, thus driving the growth of the market. Further, it offers benefits in the classrooms such as teaching the students to use the products that will help them in their professional career and assuring that the students have the tools that are needed for creating a job winning portfolios, thus propelling the global pen display market. Moreover, more and more educational institutions are providing programs on the game development. As a result, it will also boost the growth of the market because of the new customer base developed in the market.
The market size of the global animation industry was estimated to be USD 244 billion in 2015 and is growing at the rate of 5% Y-o-Y. This growth will add to the growth of the global pen display graphic market. This is anticipated to foster the demand for pen display graphic over the forecast period.
Market Segmentation of Global Pen Display Graphic Market: By Type-2016
The outsourced computer animation production market is increasingly tapped by the North America leading to the growth in the global pen display market, followed by Europe. North America stood at first position in the pen display graphic market in 2016 and is anticipated to growth at an exponential rate over the forecast period. Asia Pacific and Middle East is anticipated to observe significant growth over the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
Our in depth analysis of the global pen display graphic market is segmented on the following basis:
The applications in illustration, design and photography cannot be ignored. The ability of the artists to tell and communicate the stories to the audience on the digital and the social media has further propelled the growth of the market. Moreover, the students’ need of understanding the entire image editing process and capability of understanding the post-production tasks such as retouching, compositing and the color balancing has pushed the market to the global level. However, the growth of the market is hindered by the high cost of the products as it is a niche market. Moreover, in the developing countries such as India, there still remains a challenge to be adapted to these products due to the high cost of products and lack of awareness among them.
Overview of the Parent Market
Analyst View
Segmentation
The Global Pen Display Graphic Market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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