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Virtual Keyboard Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-419 Category: ICT & Electronics

Virtual Keyboard Market Overview

Virtual keyboard is referred to a device or a technology that allows a user to enter characters. Virtual keyboard can be operated by touchscreen, mouse, and keyboard projected on the surface by laser. Virtual keyboard is a software component and are widely used by devices which have no physical keyboard such as personal digital assistance (PDA), touchscreen equipped smart phones and others. The virtual keyboard provides a handy substitute while working.    

Market Size and Forecast

The global virtual keyboard market is expected to expand at a robust compound annual growth rate over the forecast period i.e. 2017-2024. The factors driving the growth of virtual keyboard market include increasing adoption of innovative technology equipped with user friendly software and rising demand for touchscreen equipped devices. Further, on screen virtual keyboard by technology has the dominating segment in overall virtual keyboard segments and is expected to continue its dominance over the forecast period owing to growing use of on-screen virtual keyboard in automated teller machines, manufacturing machines, advanced automotive dashboards and others. Apart from this, telecom and IT sector by end user segment has been the leading segment owing to growing number of smart devices all across the globe.

virtual keyboard market

In terms of geography, North America was the leading market in virtual keyboards in terms of revenue in 2016. Further, the region is envisioned to continue its dominance over the forecast period owing to rising installation of virtual keyboards into manufacturing machines such as CNC machines. In North America region, U.S. is the dominating country on the account of growing investment in the research and development activities within defense, aerospace, healthcare industry and others.

Europe region grabbed the second largest market in virtual keyboard in the same year. The major countries witnessing the augmented demand for virtual keyboards include the Western European countries such as Germany, U.K. and France. The factors propelling the growth of virtual keyboard market in this region along with rapid urbanization and growing number of devices equipped with virtual keypads. Asia-Pacific region is projected to show a tremendous growth by the end of 2024. Moreover, penetration of major vendors into the Asia-Pacific virtual keypads market is envisioned to bolster the growth of virtual keypads market in this region. China, Japan and India expected to contribute significant share in the revenue of Asia Pacific virtual keyboard market in this region between 2017 and 2024.

Market Segmentation

Our in-depth analysis segmented the global virtual keyboard market in the following segments:

By Technology

  • On-Screen Virtual Keyboard
  • Projected Virtual Keyboard

By End User

  • IT and Telecom
  • Automotive
  • Healthcare
  • Manufacturing industry
  • Defense
  • Others

By Region

Global virtual keyboard market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, South Africa, North Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Growing adoption of touch screen mobile devices and portable computers is anticipated to be the dynamic factor behind the rapid growth of virtual keypads market. Further, rising development of smart infrastructure in developing and developed nations such as U.S., China, Japan, India and others is also one of the key factors propelling the growth of virtual keypads market. Moreover, advancement in electronic components, decreasing prices of electronic devices and rising personal disposable income of the population are envisioned to boost the demand for virtual keypad market.

Furthermore, rising penetration of big players in technology sector and rising implementation of projected type virtual keypads in defense and government sector for safety purposes are projected to augment the growth of virtual keypad market over the forecast period.

However, presence of other keypads such as mechanical keypads in market is anticipated to dampen the growth of virtual keypad market by the end of 2024.

Key players

The major key players for virtual keyboard market are as follows

  • Celluon
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Mount Focus Information Systems
  • Sawake
  • BTC-LE
  • iNextStation Virtual
  • Lamaston
  • Google
  • ShowMe(TM)
  • CTX Technologies
  • Maxsync

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global virtual keyboard market is segmented as follows:

  • By Technology Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

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

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

 

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