Based on a predicted demand of US$ 395.7 million in 2022 and an impressive CAGR of 27.5%, the Predictive Touch Market is likely to develop at an impressive rate, reaching a valuation of US$ 4,480.7 million by 2032. A surge of technological advancements in the information technology sector during the previous 20 years is responsible for this significant growth. The industry showed a noteworthy 27.1% compound annual growth rate (CAGR) from 2016 to 2021.
The market is anticipated to develop steadily throughout the projected period due to the rising demands of Predictive Touch Market across numerous end-user applications, including IT, telecom, and pharmaceutical.
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Predictive Touch Market: Drivers and Restraints
The global advanced & predictive analytics software market is anticipated to grow at the CAGR of 8.6% over the forecast period. Above factor is the important driver for the growth of global Predictive Touch Market.
The tendency of a machine to think and work in a similar way to that humans are catering to new opportunities, to develop more efficient predictive systems, which is expected to be another significant driver for the market growth.
Advancement of data extraction algorithm to facilitate the growth of predictive gadgets are becoming attractive opportunity to invest in the predictive touch technology.
Artificial intelligence and conventional touch screen technology, are coupled together to arouse the demand for innovative products such as advanced predictive touch techniques. Further need for change and more advanced interactive technology are the two key drivers of the Predictive Touch Market. On the other hand lack of trained and proficient workforce is the major challenge faced by the organizations in the correct deployment of Predictive Touch Market.
The predictive Touch Market is under ongoing research process, owing to this tremendous untapped opportunities are hidden to explore which is contributing the growth of the market.
Predictive Touch Market: Application
The Predictive Touch technology may have huge vertical base application such as Banking and Financial services, Insurance, Government, public administration, & Utilities, Pharmaceutical, Telecom and IT, Retail, Transportation and Logistics, Healthcare, Manufacturing, Media and Entertainment, Energy (oil, gas, and electricity), Engineering and Construction, Tourism and Others.
The Predictive Touch technology can be used to enhance current technology and user interface of many existing devices such as PC, tablets, mobile phone, laptop, and television.
For the different operating system, the Predictive Touch technology is required to serve various platforms such as windows, android, and IOS.
Predictive Touch Market: Regional Outlook
Across the region, North America dominated the global predictive analytics market and accounted 55.9% market share. Owing to the factor above, the global Predictive Touch Market is anticipated to spur over the forthcoming years in this region. Also, the growing demand for innovative business intelligence products in North America region has assisted the growth of the predictive Touch market in this region.
However, The European Market is expected to exhibit growth at a swift pace owing to the large-scale adoption of predictive analytics supporting tools in industries across the region.
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Predictive Touch Market: Potential Players
Since Market is very niche, very few players are currently catering the predictive touch market, so some key-development of the major players is listed below:-
- On 8th May 2016, Microsoft proposed to predict touch technology for mobile phone utility and to enhance consumer experiences of touch screen devices. Key features associated with Microsoft predictive touchscreen cell phones were the nick of time; detects a finger approaching the screen else switch off screen light, highlighting of the link on small screen and facilities quick surfing.
- On 15th Nov 2010, Nuance Communications, Inc. had developed XT9 predictive touch input device that assists in entering into the digital living room, with smart and effective technology inbuilt in it.
The report covers exhaustive analysis on
- Predictive Touch market Segments
- Predictive Touch market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Predictive Touch market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain
- Predictive Touch market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Predictive Touch market Drivers and Restraints
Regional Analysis for Predictive Touch market includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
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