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Virtual Keyboard Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Virtual Keyboard Market amidst COVID-19

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

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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.CLICK TO DOWNLOAD FREE SAMPLE

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 (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & 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

 


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