The global hybrid devices market size was $5.10 billion in 2014 and is expected to reach $30.92 billion by 2022, growing with a lucrative CAGR of 25.6% over the forecast period 2016 – 2022.
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The hybrid devices are categorized based on different types into convertible and detachable hybrid devices. Detachable devices constitute the highest market share due to their lightweight nature and convenience of use. Nonetheless, convertible devices are estimated to portray the fastest growth owing to multi-mode view and the availability of extra battery space in the device that increases battery life.
Devices with screen size 12 inch-15 inch are projected to dominate the market owing to their size and lighter weight. However, devices with screen size greater than 15 inches are expected to depict the fastest growth in the market pertaining to the superior space for better viewing capability.
Asia-Pacific currently constitutes the highest market share in the global hybrid devices market on account of economic development in the region paired with increasing number of tech-savvy customers. LAMEA is expected to witness fastest growth over the forecast period, at a CAGR of 26.5% owing to the increasing number of internet users paired with the increasing acceptance of the hybrid devices in the educational institutions.
The market for hybrid devices comprises dominant players such as HP Development Company, L.P., Microsoft, Lenovo, and others. These market players primarily focus on the development of new features, launch of innovative products with exceptional variations, and adoption of R&D and acquisition as their key strategies to establish their position in the market.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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