LONDON, April 10, 2023 (GLOBE NEWSWIRE) -- The Business Research Company’s research on the note taking app market forecasts the global note taking app report market size to grow from $7 billion in 2022 to $8.3 billion in 2023 at a compound annual growth rate (CAGR) of more than 18%. The note taking app report market share is expected to reach $16 billion in 2027 at a CAGR of more than 17%.
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The growing popularity of smartphones is expected to propel the note-taking app market forward. A smartphone is a cellular phone that includes an integrated computer that includes features previously associated with phones such as an operating system, web browsing, and the ability to run software applications. Because most note-taking apps are easily downloaded on smartphones, they provide numerous benefits such as instant note creation, which is especially useful during COVID-19 while working from home. For example, the Pew Research Center, a nonpartisan American think tank, reports that the percentage of Americans who own a smartphone has risen from 81% in February 2019 to 85% in February 2021, up from 35% a decade ago (in 2011). According to the India Brand Equity Foundation, the Indian smartphone market has grown tenfold from 14.5 million shipments in 2011 to 150 million in 2020. (IBEF). As a result, the growing use of smartphones propels the market for note-taking apps.
Major players in the note taking app market are Google LLC, Dropbox Inc., Standard Notes, Microsoft Corporation, Apple Inc., Slite, Notion, Ulysses, Simplenote Software, Atom Technologies Limited, Zoho Corporation, Milanote, Shiny Frog Ltd., Typora, and Boost Note.
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Technological advancement and innovation are among the important note taking app market trends that are gaining traction. Major players in the note taking app market are focusing on developing innovative solutions to strengthen their market position. For example, in April 2022, Microsoft, a company based in the United States that manufactures personal computers, consumer electronics, and computer software, released the AI-powered notetaking app Journal as an official Windows app. The AI-assisted development of new gestures such as instant lasso and scratch out allowed users to transition between them without having to switch modes. Users can now access historical lists, doodles, and other types of notes from the app as a result of the AI's improved comprehension of handwritten notes and content.
North America was the largest region in the note taking app market in 2022. The regions covered in the note-taking app report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global note taking app market is segmented by product into windows systems, android systems, ios systems, other product; by application into commercial users, private users.
Note Taking App Global Market Report 2023 by The Business Research Company provides insights on the note taking app market size, note taking app market segments, note taking app market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.
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