According to a new market research report “Global Multi Touch Market, by Product (SmartPhones, Tablets, Laptops, Televisions/LCD, Tables, Floors), Applications (Entertainment, Infotainment, Enterprises, others) & Geography, 2011-2016’’ published by MarketsandMarkets, the total global multi-touch market is expected to reach $5.5 billion by 2016 at a CAGR of 18.18% from 2011 to 2016.
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In computing, multi-touch refers to a touch sensing surface's (trackpad or touch screen) ability to recognize the presence of two or more points of contact with the surface. This plural-point awareness is often used to implement advanced functionality such as pinch to zoom or activating predefined programs.
The global multi-touch market has gained force in the last couple of years. With the number of innovations taking place in the technology of multi-touch product lines and its usages, the market is expected to grow exponentially in the next five years at a considerable compounded annual growth. The demand for products that use multi-touch technology is increasing due to its increasing research and development.
Today, the largest market share is held by consumer electronic devices, which have been increasing considerably. This increase is due to growth in mobile phones and tablets, number of corporate buyers, and rise in application related multi-touch technology.
Loads of other products using multi-touch such as smartphones, tablets, and interactive displays are expected to capture the market in the next two to three years.
The increasing demand for multi-touch technology has influenced many manufacturers to develop multi-touch products, which have bright applications such as education, retail, government, infotainment, and entertainment services. This also creates opportunities for software companies to increase their market by providing new solutions for different products in this segment.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the multi-touch market. Furthermore, a briefing is conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW. The competitive strategies and their initiatives taken by different companies to increase their market are also discussed in detail.
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