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Patient Engagement Tech Market to Grow by USD 37.4 Billion (2024-2028) with Chronic Disease Rise, AI’s Influence on Market Trends – Technavio Report

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NEW YORK, Sept. 16, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global patient engagement technology market size is estimated to grow by USD 37.40 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 20.56% during the forecast period. Increasing cases of chronic diseases is driving market growth, with a trend towards digitization of healthcare. However, stringent regulations on patient engagement solutions poses a challenge. Key market players include agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinicalWorks LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc..

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Patient Engagement Technology Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 20.56%

Market growth 2024-2028

USD 37406.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.67

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 39%

Key countries

US, UK, Germany, Canada, and China

Key companies profiled

agilon health Inc., ALLSCRIPTS HEALTHCARE SOLUTIONS INC., athenahealth Inc., CipherHealth, Computer Programs and Systems Inc., DrChrono Inc., eClinicalWorks LLC, Epic Systems Corp., GetWellNetwork Inc., International Business Machines Corp., Lincor Inc., Luma Health Inc., McKesson Corp., Medical Information Technology Inc., Medtronic Plc, Oneview Healthcare Plc, Oracle Corp., Solutionreach Inc., Sonifi Solutions Inc., and Tebra Technologies Inc.

Market Driver

In the last decade, digitization has transformed the healthcare industry with technologies like AI and cloud computing. This shift brings benefits such as improved doctor-patient coordination, real-time health information, and data security. Digitization’s impact is significant in healthcare and diagnostics, revolutionizing genomic research, big data, telemedicine, and 3D bioprinting. To enhance patient care, healthcare systems must engage digitally informed consumers. EHRs, like centralized, secure, and private cloud-based systems, simplify patient experiences and reduce human error. The adoption of advanced healthcare technology solutions, such as patient engagement solutions, is expected due to these factors. These solutions aim to improve health outcomes and drive the growth of the global patient engagement technology market.

The Patient Engagement Solutions market is experiencing significant growth as Payers, Providers, and Individual Users seek to improve healthcare consumerism. Chronic Diseases like diabetes and mental health, women’s health, and geriatric population management are key focus areas. Fitness and healthcare apps, telehealth, wearable devices, and patient portals are popular solutions. NextGen Healthcare and Care teams leverage software and hardware, including mobile devices and wearables, to enhance patient engagement. Health literacy and virtual consultations are essential for deadly and infectious diseases. AI technologies, clinical trials, and preventive care are trends in this market. Strict regulations ensure patient information security. Healthcare benefits, healthcare professionals, physicians, and technologists collaborate to provide effective patient engagement solutions. Standalone and integrated solutions cater to diverse needs.

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Market Challenges

The Health Insurance Portability and Accountability Act (HIPAA), enacted in 1996, sets strict guidelines for safeguarding patient data, known as Protected Health Information (PHI). HIPAA mandates healthcare providers to sign contracts with patient engagement software vendors, affirming their commitment to HIPAA compliance and PHI protection. However, HIPAA’s stringent privacy regulations restrict the functionality of advanced patient portals, failing to meet the criteria for efficient patient engagement solutions. These limitations include slow access to patient data, delayed medical information transfer, and lack of direct personalized communication. The healthcare industry acknowledges the challenges posed by HIPAA and its impact on the patient engagement technology market’s growth during the forecast period.The Patient Engagement Solutions market is experiencing significant growth due to the increasing need for effective communication and management of patient care, particularly among geriatric populations and those with chronic conditions like diabetes. Solutions include web-based, cloud-based, and on-premise software and hardware, such as patient portals, mobile applications, and wearables. Challenges include strict regulations, deadly and infectious diseases, and the need for healthcare benefits for all. Technologists, physicians, and healthcare professionals are turning to AI technologies, virtual consultations, and clinical trials to improve patient care and preventive care for diseases like arthritis. Services like consulting, support and maintenance, billing and payments, patient education, health and wellness, population health management, and in-patient health management are essential for success in this market. Standalone and integrated solutions cater to various needs, while patient information security remains a top priority. Smartphone users and mobile device users are driving the demand for solutions that can be accessed on the go.

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Segment Overview

This patient engagement technology market report extensively covers market segmentation by

Delivery Mode1.1 On-premise solution1.2 Web and cloud-based solutionEnd-user2.1 Providers2.2 Payers2.3 Individual usersGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premise solution- On-premises patient engagement solutions involve purchasing licenses or software copies and storing the entire solution on a company’s premises. This setup offers enhanced security as healthcare data remains within onsite servers and IT infrastructure. However, managing and maintaining on-premises data comes with significant costs, including hardware, software licenses, integration capabilities, and IT personnel. Any system malfunctions or breakdowns result in high repair expenses. These factors limit the adoption of on-premises patient engagement solutions and contribute to a smaller market share compared to cloud-based alternatives.

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Research Analysis

The Patient Engagement Solutions market encompasses a range of technologies and services designed to enhance interaction between patients, payers, and providers. These solutions aim to improve health outcomes, manage chronic diseases, and promote preventive care. Fitness, women’s health, and mental health are key areas of focus. Solutions include virtual consultations, clinical trials, healthcare apps, and wearable devices. AI technologies and cloud-based or on-premise software are essential components, enabling personalized care and real-time monitoring. Patient portals and mobile applications facilitate assessment timelines and enable easy access to medical records. Preventive care is a significant driver, with wearables and mobile devices offering continuous monitoring and tracking. Overall, patient engagement solutions empower individuals to take control of their health and healthcare journey.

Market Research Overview

The Patient Engagement Solutions market encompasses a range of technologies and services designed to enhance communication and collaboration between payers, providers, individual users, and healthcare professionals. These solutions aim to improve health literacy, care team coordination, and patient experience for various populations, including those with chronic diseases such as diabetes and arthritis, women’s health, mental health, and geriatric patients. Fitness, healthcare consumerism, and telehealth are key trends driving market growth. Solutions include web-based, cloud-based, and on-premise software, hardware like wearable devices and patient portals, mobile applications, and virtual consultations. AI technologies and clinical trials are also playing an increasingly important role. Preventive care, billing and payments, patient education, and population health management are essential components of patient engagement solutions. Strict regulations ensure the secure handling of patient information. Social management, virtual consultations, and arthritis management are standalone applications, while integrated solutions offer consulting, support, and maintenance. NextGen Healthcare, Healthcare consumerism, and healthcare professionals, including physicians and technologists, are major stakeholders in this market. Solutions cater to smartphone users, diabetic patients, and the deadly and infectious diseases population. Patient engagement solutions enable healthcare benefits, improve healthcare literacy, and facilitate care team communication, making them an essential tool for delivering effective and efficient healthcare services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Delivery ModeOn-premise SolutionWeb And Cloud-based SolutionEnd-userProvidersPayersIndividual UsersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Anju to Highlight Newly Launched MA Knowledge at DIA MICC 2024 in London

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CHICAGO, Sept. 19, 2024 /PRNewswire/ — Anju, a leading provider of adaptive life sciences software solutions, is pleased to announce its participation as an exhibitor at the upcoming DIA Medical Information & Communications Conference scheduled to take place in London on September 24-25th. DIA MICC brings together medical information professionals for discussions, learning, and practical sessions around improving customer experiences across the industry.

Anju is proud to present MA Knowledge, a state-of-the-art application that offers access to verified and carefully curated medical information content, tailored to meet the unique needs of each field representative. With efficient content filtering and search features, MA Knowledge consistently delivers medical information that matches user profiles and their areas of interest.

“Anju’s commitment to innovation was the driving force behind the development of MA Knowledge,” said Reed McLaughlin, General Manager of Anju’s Medical Affairs Division. “We recognized an opportunity to vastly improve the field representatives’ customer experience by providing quick access to trustworthy, curated information.”

Attendees at DIA MICC 2024 are encouraged to visit Anju at booth 8 to explore their adaptable solutions and discuss how Anju’s best-in-class technology can help to streamline your medical information and scientific communications process. Anju’s team of experts will be on hand to answer questions and discuss how Anju’s solutions can meet the unique needs of your organization.

About Anju:
Anju Software is a customer-first organization providing adaptable life science solutions for clinical research, medical affairs, and data science. TrialMaster, IRMS MAX, and TA Scan, the company’s flagship products, lead the way in reducing complexities in the drug and device discovery and commercialization process. Anju is a portfolio company of Abry Partners serving the worldwide pharmaceutical, biotech and contract research Life Sciences markets.

For media inquiries, please contact:
John F. Kouten
JFK Communications, Inc.
+1 609.241.7352
jfkouten@jfkhealth.com

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SOURCE Anju Software

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Nauticus Robotics Announces Notification of NASDAQ Listing Extension

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Nauticus Robotics Inc. (NASDAQ: KITT) a leading innovator in autonomous subsea robotics and software, today announced receipt of a letter from the Nasdaq Stock Market LLC (“Nasdaq”) approving an extension of time to regain compliance with all listing standards.

The letter received from Nasdaq grants Nauticus an exception until December 31, 2024 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5, 2024.

Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31, 2024.

With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance. 

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company’s business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus’ services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of compliance with Nasdaq continued listing rules and the company’s capacity to regain the compliance. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 10, 2024. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

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SOURCE Nauticus Robotics, Inc.

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Keyboard Market to Grow by USD 1.23 Billion (2024-2028) Driven by E-Sports Boom, AI Enhanced Market Report- Technavio

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global keyboard market  size is estimated to grow by USD 1.23 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.79%  during the forecast period.  Rising popularity of e-sports is driving market growth, with a trend towards increase in product innovations. However, availability of counterfeit products  poses a challenge. Key market players include A4TECH, ASUSTeK Computer Inc., Cooler Master Technology Inc., Dell Technologies Inc., EPOMAKER, Fujitsu Ltd., GN Store Nord AS, HP Inc., Keetronics India Pvt. Ltd., Kinesis Corp., Lenovo Group Ltd., Logitech International SA, Metadot Corp., Microsoft Corp., Panasonic Holdings Corp., Rapoo Europe BV, Razer Inc., Shenzhen Riitek Technology Co. Ltd., Targus Asia Pacific Ltd., and Xiaomi Communications Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Wired keyboard and Wireless keyboard), Application (Corporate, Personal, and Gaming), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

A4TECH, ASUSTeK Computer Inc., Cooler Master Technology Inc., Dell Technologies Inc., EPOMAKER, Fujitsu Ltd., GN Store Nord AS, HP Inc., Keetronics India Pvt. Ltd., Kinesis Corp., Lenovo Group Ltd., Logitech International SA, Metadot Corp., Microsoft Corp., Panasonic Holdings Corp., Rapoo Europe BV, Razer Inc., Shenzhen Riitek Technology Co. Ltd., Targus Asia Pacific Ltd., and Xiaomi Communications Co. Ltd.

Key Market Trends Fueling Growth

The global keyboard market has seen significant advancements in technology and product innovation. Initially, keyboards were primarily used with personal computers. However, the gaming industry’s technological progression has led to an increased demand for high-quality peripherals, such as keyboards. Gaming keyboards offer features like backlighting options, including mono color and full RGB. Keyboards come in two main types: membrane and mechanical. Mechanical keyboards, which use switches to send typing signals, offer longer durability due to the absence of a membrane. Gaming keyboards cater to various budgets. Membrane keyboards are the most affordable, while mechanical keyboards with monocolored backlighting and a full range of keys fall within the mid-price range. High-end gaming keyboards, featuring full RGB backlighting and numerous macro keys, are preferred by professional gamers and are more expensive. Innovations in keyboard technology continue to enhance the gaming experience, contributing to the market’s growth. 

Keyboards have seen significant improvements in technology, catering to various industries and user needs. Conventional membrane keyboards have given way to mechanical keyboards with clicky switches, offering better response time and tactile feedback. Mechanical keyboard technology includes linear and tactile switches, with Cherry Stream being a popular choice. Bluetooth and RF connectivity enable multiple platform compatibility. Artificial neural networks and cognitive computing are integrated into keyboards for pattern recognition and language modeling. Ergonomic keyboards and medical keyboards prioritize user comfort, while gamers prefer mechanical keyboards with RGB illumination and low response time. The gaming industry’s growth fuels the demand for mechanical keyboards and RGB illumination. Commercial enterprises and corporate offices also invest in digitalization, adopting ergonomic and efficient input devices like mechanical keyboards. Optical keyboards and speech-to-text converters further enhance productivity. Infrared and RFID technology add stability and security to keyboards. Keycaps with customizable designs cater to personal preferences. ML (Machine Learning) and statistical analysis enable customized user experiences. Plastic tools and improvements in key switch technology ensure durability and longevity. 

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Market Challenges

The keyboard market is currently facing a significant challenge from the prevalence of counterfeit keyboards in local markets. Many consumers, particularly price-sensitive ones and those unaware of branded products, are drawn to these imitations due to their affordability and resemblance to well-known brands. This trend is leading to price competition in the market, making it difficult for manufacturers to maintain their profit margins. Despite efforts to curb the sale of counterfeit keyboards, their accessibility through various distribution channels, both physical and online, persists. This situation is shrinking the potential market for genuine keyboards, posing a threat to the growth of the global keyboard market.The keyboard market is thriving in the IT sector, with advancements in technology significantly impacting input devices. Gaming industry professionals and individual users seek improved keyboards for enhanced performance. Keyboard technology includes mechanical, membrane, optical, and wireless options. Mechanical keyboards offer tactile switches, customizable keycaps, and RGB illumination. Gaming keyboards often feature low response time, multiple platform compatibility, and RGB illumination. Infrared and RFID technology enable wireless connectivity. Membrane keyboards provide stability for residential use. Improvements include key switches, keycap materials, and ergonomic designs. Professionals, including medical professionals, benefit from speech-to-text converters and voice recognition technology. Machine Learning (ML) and Natural Language Processing (NLP) enhance pattern recognition and statistical analysis. Keyboards with linear switches cater to those preferring a quieter typing experience. Wired mechanical keyboards offer stability and reliability, while wireless mechanical keyboards and wireless peripherals provide freedom of movement. Tenkeyless (TKL) keyboards and vertical keyboards cater to those with limited desk space. Optical and RF keyboards offer faster response times compared to traditional membrane keyboards. Overall, the keyboard market continues to evolve, catering to diverse user needs and preferences.

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Segment Overview 

This keyboard market report extensively covers market segmentation by

Technology 1.1 Wired keyboard1.2 Wireless keyboardApplication 2.1 Corporate2.2 Personal2.3 GamingGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Wired keyboard-  The keyboard market is a significant segment of the computer peripherals industry. Keyboards come in various types, including mechanical, membrane, and ergonomic. Businesses prioritize keyboards for their employees to ensure productivity and comfort. Dell, Logitech, and Microsoft are key players in this market, offering a range of options to cater to diverse user needs. Prices vary based on features such as backlighting, programmable keys, and durability. Companies invest in high-quality keyboards to enhance their employees’ work experience and efficiency.

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Research Analysis

Keyboards are essential peripherals for computers and other digital devices, catering to the needs of both professional individuals and corporations in the IT sector. Mechanical keyboards offer tactile feedback and durability, while membrane keyboards provide a quieter typing experience. Optical keyboards use light to detect keystrokes, and Tenkeyless (TKL) keyboards save desk space by omitting the numeric keypad. Digitalization has led to the rise of wireless peripherals, including keyboards using Radio Frequency (RF), Infrared, and Bluetooth technologies. These keyboards offer freedom from cords, making them ideal for corporate/enterprise settings and the gaming industry. Multiple platform-compatible keyboards cater to users with devices running different operating systems. Key switches, made from plastic tools, determine the feel of the keystrokes, and keycaps can be customized for personal preferences. Keyboards continue to evolve, with advancements in technology like ML (Machine Learning) and gaming-specific features enhancing user experience. Conventional membrane keyboards remain popular for their affordability and ease of use.

Market Research Overview

Keyboards have evolved significantly over the years, with advancements in technology leading to innovations that cater to various user needs. Artificial neural networks and cognitive computing have been integrated into keyboards, enabling pattern recognition and language modeling for improved user experience. Bluetooth and RF technology have made wireless keyboards and peripherals a popular choice for both residential and commercial use, including the gaming industry and corporate/enterprises. Improvements in keyboards include ergonomic designs, mechanical keyboard technology with clicky, linear, and tactile switches, and RGB illumination. Optical and infrared keyboards offer faster response times compared to conventional membrane keyboards. Professional gamers and individuals prefer mechanical keyboards for their stability and improved accuracy, while medical professionals benefit from ergonomic and vertical keyboards for injury prevention. Multiple platform-compatible keyboards and speech-to-text converters cater to the digitalization trend in the IT sector. Wireless gaming keypads and wireless mechanical keyboards provide freedom of movement for professional gamers. Keycaps made of plastic tools and RGB illumination add to the aesthetic appeal of these input devices. RFID technology and voice recognition technology are also integrated into some keyboards for added functionality. Overall, the market for keyboards continues to grow as digitalization and the need for efficient input devices expand.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyWired KeyboardWireless KeyboardApplicationCorporatePersonalGamingGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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