eReader and eNotetaking Devices Market Demand & Insights by 2030

TMR

4 years ago

An eReader is a mobile electronic device, also known as e-book device or e-book reader. The eReader is specially designed to read periodicals and digital e-books. It has electronic paper rather than an LCD screen. The eReader device already has built-in software that enables the user to borrow, buy, and receive digital e-books through an Open Publication Distribution System (OPDS) library or an e-book retailer.
eNotetaking device also known as e-notes, is used to write down and digitally save notes. eNotetaking devices offer various features such as touchscreen, smart styluses, and wireless keyboards. These devices are available in a variety of operating systems such as macOS, Android, and Windows. The devices also support expandable memory options. eReader and eNotetaking devices use the E Ink technology which provides great writing capability and reading experience, just like reading a paper and writing on a paper.
The global eReader and eNotetaking devices market is projected to expand at a rapid pace during the forecast period, due to advancements in technologies across the globe.

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Surge in demand to digitally save notes is a major factor likely to accelerate the eReader and eNotetaking devices market in the next few years. This is primarily because in the eReader and eNotetaking device, the user can find all the notes and books in a single device and in just one click.
Rise in demand for better learning, communication, and studying methods along with need to accomplish a broad range of activities in a more efficient and informed manner across the globe is projected to fuel the growth of the eReader and eNotetaking devices market.
Additionally, rise in adoption of cloud computing, Artificial Intelligence, and IoT technologies and devices among various sectors is projected to boost the demand for eReader and eNotetaking globally.
Rising demand to organize notes and syllabus in a more efficient manner and to simplify the search for important information is also expected to propel the eReader and eNotetaking devices market during the forecast period.
Increasing adoption of distributed applications, smart technologies, and advent of 5G is anticipated to boost the eReader and eNotetaking devices market.
Currently, end-users are focused on wireless technologies, which is expected to create new opportunities for the eReader and eNotetaking devices market during the forecast period.

High cost of the device and poor internet connectivity in rural areas is also anticipated to hamper the eReader and eNotetaking devices market during the forecast period.
Lack of awareness about eReader and eNotetaking devices in developing nations is a major factor projected to hinder the global eReader and eNotetaking devices market in the next few years.

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Increasing cases of COVID-19 across the globe is resulting in economic slowdown. Developed countries are strongly affected by this pandemic. Most manufacturing or production of goods have been temporarily suspended all over the world. Businesses have been adversely impacted in most countries due to partial or full lockdown. This in turn is projected to indirectly hamper the global eReader and eNotetaking devices market in the next few years.
Manufacturing of most electronic devices are done in China. Currently, most countries do not want any imports from China. This would also result in companies diversifying their supply chain and not depending on a single country as source. Hence, trade war is expected to negatively hamper the eReader and eNotetaking devices market during the forecast period.

In terms of region, the global eReader and eNotetaking devices market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America dominated the global eReader and eNotetaking devices market in 2019. The U.S. is the key market in the region due to the increasing adoption of eReader and eNotetaking devices among end-users.
The eReader and eNotetaking devices market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to digitalization and increasing number of smart city and infrastructure projects across China, Japan, and India in the region.

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