Digital Paper System Market to See Incredible Growth During forecast period of 2021-2030
Market Scenario
Market Research Future
(MRFR), The Digital
Paper System Market It is expected that the market will expand up to USD 6
Billion is 38.40% during forecast period 2021-2030.
There are numerous factors
that can prompt the expansion of the market. Some important factors that can
drive the digital paper system market are low power consumption features and
the advantage of ease of reading. The increase in technological advancements,
such as electrowetting, electrophoretic, electrochromic, cholesteric liquid
crystal display, and others can prompt the expansion of the digital paper
system market. In addition, the high application of electrophoretic technology
can spur the market growth. The growing e-paper popularity can also boost the
digital paper system market in the years to come. The employment of e-ink that
allows the creation of handwritten documents can encourage the growth of the
digital paper system market in the assessment period.
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Market Segmentation
The segment study of the
digital paper system global market is based on technology, end-user, and
application.
The technology based
segments of the digital paper system market are electrophoretic,
electrochromic, cholesteric LCD (CH-LCD), and electrowetting among others. The
electrophoretic technology segment can rise at the highest pace through the
assessment period.
The applications based
segments of the digital paper systems market are technology wearables,
cellphones & music players, and e-readers among others. The high
application of e-readers, followed by the high ingression rate of cellphones
can boost the expansion of the market. The rise in the demand for e-books and
the growing consumers’ preference for the customization benefit of digital
paper can spur the expansion of the world market in the years to come.
The end-users based
segments of the digital paper system global market are retail, education,
consumer electronics, and others.
Regional Analysis
MRFR's regional study
states that that North America digital paper system market is expected to rise
at a high pace in the years to come. Other regional segments of the digital
paper market are Europe, Asia Pacific, and the Rest of the World. In North
America, the digital paper market is expected to rise at the highest share and
secure the largest share of the world market. In Asia Pacific, the digital
paper market can rise at a rapid pace through the review period. The expansion
of the digital paper market in the North America region can be attributed to
the presence of different developed economies that experience a high rate of
advanced technology adoption. In addition, these regions are observed to house
numerous manufacturers those actively involved digital paper systems
developments. These can drive the digital paper market. The rise in the utility
of digital technologies due to the rise in the affinity for novel digital
technologies can improve the expansion of the digital paper system market in
Asia Pacific. Europe is expected to register a considerable CAGR due to the
inclination of a large population towards improving their lifestyle, along with
economic progress. The increased demand for better technologies can propel the
regional market in the years to come. The high utility of paper along with the
creation of large volumes of paper waste are causing the shift from traditional
method to digital paper systems. Thus, Europe is identified as a potential
region for the expansion of the market.
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Key Players
MRFR identified some
reputed digital paper system market players. They are; Sony (Japan),
Amazon.com, Inc., Xerox Corporation (U.S.), E Ink Holdings, Inc. (Taiwan),
Bridgestone Corp (Japan), Aveso Displays (U.S.), Gamma Dynamics (U.S.), Delta
Electronics, Inc. (Taiwan), Samsung Electronics (South Korea), and LG Display
(South Korea) among others.
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