Global predictive touch market demand is anticipated to be valued at USD 395.7 Million in 2022, forecast a CAGR of 27.5% to be valued at USD 4,480.7 Million from 2022 to 2032. Growth is attributed to technical innovations over the past two decades that have been taking place in the information technology industry. From 2016 to 2021 a CAGR of 27.1% was registered for the predictive touch market.
The predictive touch technology may have a 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.
Predictive touch technology can be used to enhance the current technology and user interface of many existing devices such as PC, tablets, mobile phones, laptops, and television. For the different operating systems, the Predictive Touch technology is required to serve various platforms such as windows, android, and iOS.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016 to 2021) | 27.1% CAGR |
| Projected Growth Rate (2022 to 2032) | 27.5% CAGR |
| Expected Market Value (2022) | USD 395.7 Million |
| Anticipated Forecast Value (2032) | USD 4,480.7 Million |
Increasing Technological Advancement to Boost the Market Growth
Increased use of Internet of Things (IoT) and Artificial Intelligence (AI) technologies, in many industrial and residential applications had been witnessing a boost in the growth of the global Predictive Touch Market. The rapid digital transformation which is also projected to have a positive impact on the growth of the predictive touch market in the coming years. The global Predictive Touch market is also predicted to grow due to a surge in the transformation of business models, supported majorly by the increase in the adoption of advanced telecommunication services, such as 5G.
Advancement of data extraction algorithm to facilitate the growth of predictive gadgets are becoming an attractive opportunity to invest in predictive touch technology. The tendency of a machine to think and work in a similar way to that of humans is catering to new opportunities, to develop more efficient predictive systems, which is expected to be another significant driver for market growth.
Artificial intelligence and conventional touchscreen 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.
Lack of Technical Workforce May Impede the Market Growth
Although the predictive touch market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth.
The lack of a trained and proficient workforce is the major challenge faced by organizations in the correct deployment of the Predictive Touch Market.
The predictive Touch Market is under an ongoing research process, owing to these tremendous untapped opportunities are hidden to explore which is contributing to the growth of the market.
The presence of well-developed technical infrastructure boosts the market in North America.
North America dominated the global predictive touch market and accounted for 36.3% market share, and 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 the North Americann region has assisted the growth of the predictive touch market in this region.
The increase in applications of the predictive touch in automobile and healthcare industries because of its benefits over conventional touchscreens, due to which the predictive touch market is expected to have potential growth in North America. Increased internet usage and a surge in smartphone users have inundated the automotive industry, fuelling additional market expansion.
Also, due to its favorable technological infrastructure, greater participation by the region's top automotive businesses, and the presence of key players, such as Microsoft, Nuance communication, and growing purchasing power parity (PPP) of the populace, the USA dominates the predictive touch market.
The heightened growth being witnessed in the USA can also be attributed to the following factors, such as the densely populated key players in the region, the rising adoption rate for new-age technology, and a surging application base in the downstream industries. The thriving automotive and transportation industries are further contributing to the development and advancements of the predictive touch market in the USA. The usage of predictive touch, an evolving HMI technology, substantially improves the performance and usability of in-vehicle displays. The predictive touch enables autonomous auto-selection of the predicted interface component and simplifies the selection task with the help of early prediction of the interface item the passenger or driver intends to opt for on display.
Ongoing Technical Development to Drive Market Growth
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the predictive touch market due to the technological development in the region.
Europe’s predictive touch market accounts for a 21.7% share of the total global market. 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. Due to the increased technological usage in the automotive industry, the predictive touch market will expand at a significant rate in Europe. The market has grown as a result of increased sales of both premium and affordable cars over time. Additionally, the growing propensity to use high-tech features has fuelled the market's expansion.
Since COVID-19, technologies supporting human health and hygiene have been enjoying heightened preference. In the United Kingdom, for instance, in the year 2020, the University of Cambridge and Jaguar Land Rover together developed new contactless touchscreen technology for drivers to fight off bacteria and viruses. The ‘predictive touch’ employs artificial intelligence and sensors to anticipate the user’s intended aim on the touchscreen, such as temperature controls, satellite navigation, or entertainment settings, without having to touch the screen. The pioneering system is developed to make its vehicles safer and healthier for the environment and humans.
The Asia Pacific is expected to register the fastest growth in revenue generation for the predictive touch market due to the large population in countries such as China and India. Moreover, the expansion of the IT sector in countries such as China, India, and Japan is anticipated to elevate the market demand in the near future.
Factors such as the market players increasingly deploying the AI platform cloud service for improving the data science operations in the region are expected to accelerate the growth of the predictive touch market during the forecast period.
The rapid increase in the manufacturing and IT & Telecommunication industry is one of the major factors that will boost the market growth in the forthcoming years. In addition, the market is gaining traction and is expected to fuel, owing to the increasing demand for advanced applications development in this region.
The Japan predictive touch market is expected to observe robust penetration in the years to come. This can be ascribed to the adoption of this non-touch technology in an extensive range of public applications, such as medical facilities, ATMs, and elevators, among other businesses where hygiene maintenance is the most crucial factor, such as food-related companies. Further, due to the growing perception of this technology as a contributor to improved hygiene in society, the predictive touch technology is expected to witness high demand in Japan owing to the large pool of geriatric population in the country.
The South Korean predictive touch market is expected to flourish over the forthcoming years. Regional growth has been driven by technological innovations in the past few years. For instance, in 2015, iOS9 introduced predictive touch technology crucial for the Apple stylus. In iOS 9, the Cocoa Touch Framework has gained new predictive touch competencies, helping improve the speed and precision of touch-based input.
Since the public is already used to using screens by tapping and clicking, assuming they all are touchscreen, the successful adoption of predictive touch technology would require rigorous initiatives to educate the masses with the help of public information campaign regarding the development of a new screen. Once established, the touchless touch screen can be used for endless use cases, such as ticketing at rail stations, lunch line checkout at some high schools, and check-in terminals at the airport, etc.
The presence of well-developed technical infrastructure boosts the market in North America
North America dominated the global predictive touch market and accounted for 36.3% market share and 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 the North American region has assisted the growth of the predictive Touch market in this region.
The increase in applications of the predictive touch in automobile and healthcare industries because of its benefits over conventional touchscreens due to which the predictive touch market is expected to have potential growth in North America. Increased internet usage and a surge in smartphone users have inundated the automotive industry, fuelling additional market expansion.
Also, due to its favorable technological infrastructure, greater participation by the region's top automotive businesses, and the presence of key players, such as Microsoft, Nuance communication, and growing purchasing power parity (PPP) of the populace, the USA dominates the predictive touch market.
Ongoing Technical Development to Drive Market Growth
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the predictive touch market, due to the technological development in the region.
Europe’s predictive touch market accounts for a 21.7% share of the total global market. 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.
Due to the increased technological usage in the automotive industry, the predictive touch market will expand at a significant rate in Europe. The market has grown as a result of increased sales of both premium and affordable cars over time. Additionally, the growing propensity to use high-tech features has fuelled the market's expansion.
The Asia-Pacific is expected to register the fastest growth in revenue generation for the predictive touch market due to the large population in countries such as China, and India. Moreover, the expansion of the IT sector in countries such as China, India, and Japan is anticipated to elevate the market demand in the near future.
Factors such as the market players increasingly deploying the AI platform cloud service for improving the data science operations in the region are expected to accelerate the growth of the predictive touch market during the forecast period.
The rapid increase in the manufacturing and IT & Telecommunication industry is one of the major factors that will boost the market growth in the forthcoming years. In addition, the market is gaining traction and is expected to fuel, owing to the increasing demand for advanced applications development in this region.
Since the Market is very niche, very few players are currently catering to the predictive touch market, some of the key participants present in the global predictive touch market include Microsoft, Nuance Communication, Jaguar Land Rover, dotData Enterprise, Smartia, innoSEP, Cognexa among others. Some key-development of the major players is listed below :
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 27.5 % from 2022 to 2032 |
| Expected Market Value (2022) | USD 395.7 Million |
| Anticipated Forecast Value (2032) | USD 4,480.7 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Application, Platform, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Microsoft; Nuance Communications Inc.; Jaguar Land Rover; dotData Enterprise; Smartia; innoSEP; cogneXa |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2016 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Table 4: North America Market Value (US$ Million) Forecast by Country, 2016 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2016 to 2032
Table 8: Latin America Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2016 to 2032
Table 11: Europe Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 12: Europe Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Table 13: Asia Pacific Market Value (US$ Million) Forecast by Country, 2016 to 2032
Table 14: Asia Pacific Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 15: Asia Pacific Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Table 16: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2016 to 2032
Table 17: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2016 to 2032
Table 18: Middle East and Africa Market Value (US$ Million) Forecast by Platforms, 2016 to 2032
Figure 1: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2016 to 2032
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 7: Global Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 10: Global Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 13: Global Market Attractiveness by Application, 2022 to 2032
Figure 14: Global Market Attractiveness by Platforms, 2022 to 2032
Figure 15: Global Market Attractiveness by Region, 2022 to 2032
Figure 16: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 17: North America Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 18: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2016 to 2032
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 23: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 24: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 28: North America Market Attractiveness by Application, 2022 to 2032
Figure 29: North America Market Attractiveness by Platforms, 2022 to 2032
Figure 30: North America Market Attractiveness by Country, 2022 to 2032
Figure 31: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 32: Latin America Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 33: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2016 to 2032
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 43: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 44: Latin America Market Attractiveness by Platforms, 2022 to 2032
Figure 45: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 46: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 47: Europe Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 48: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2016 to 2032
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 52: Europe Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 53: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 56: Europe Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 58: Europe Market Attractiveness by Application, 2022 to 2032
Figure 59: Europe Market Attractiveness by Platforms, 2022 to 2032
Figure 60: Europe Market Attractiveness by Country, 2022 to 2032
Figure 61: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 62: Asia Pacific Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 63: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 64: Asia Pacific Market Value (US$ Million) Analysis by Country, 2016 to 2032
Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 67: Asia Pacific Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 70: Asia Pacific Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 73: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 74: Asia Pacific Market Attractiveness by Platforms, 2022 to 2032
Figure 75: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 76: Middle East and Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 77: Middle East and Africa Market Value (US$ Million) by Platforms, 2022 to 2032
Figure 78: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 79: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2016 to 2032
Figure 80: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 81: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 82: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2016 to 2032
Figure 83: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 84: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 85: Middle East and Africa Market Value (US$ Million) Analysis by Platforms, 2016 to 2032
Figure 86: Middle East and Africa Market Value Share (%) and BPS Analysis by Platforms, 2022 to 2032
Figure 87: Middle East and Africa Market Y-o-Y Growth (%) Projections by Platforms, 2022 to 2032
Figure 88: Middle East and Africa Market Attractiveness by Application, 2022 to 2032
Figure 89: Middle East and Africa Market Attractiveness by Platforms, 2022 to 2032
Figure 90: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
FMI projects the global predictive touch market to expand at a 27.5% value CAGR by 2032
North America is expected to be the most opportunistic with a 36.3% share of the total predictive touch market
Microsoft, Nuance Communication, Jaguar Land Rover, dotData Enterprise, and Smartie are some prominent predictive touch, market manufacturers.
Explore Similar Insights
Predictive Touch Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
