As per the report, the global hybrid devices market was pegged at $30.06 billion in 2020, and is expected to reach $151.88 billion by 2030, growing at a CAGR of 17.6% from 2021 to 2030.
High demand for devices with longer battery life, use of touchscreen technology, and surge in acceptance of hybrid devices for enterprise mobility have boosted the growth of the global hybrid devices market. However, higher price compared to other computing devices and heavy weight hinder the market growth. On the contrary, use of wireless display technology and increase in acceptance of hybrid devices would open new opportunities in the future.
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The convertible segment to manifest the highest CAGR through 2030
By type, the convertible segment is estimated to portray the highest CAGR of 20.0% during the forecast period, as the hybrid devices come with detachable hinges, adjustable stands, and design best-suitable for higher productivity and portability. However, the detachable segment held the largest share in 2020, accounting for nearly three-fifths of the global hybrid devices market, due to rise in adoption of convertible devices by the end user.
The IT and Telecom segment dominated the market
By end user, the IT and Telecom segment held the largest share in 2020, contributing to nearly one-third of the global hybrid devices market., due to number of IT & telecom organizations use hybrid devices because of functionalities including longer battery life, remote manageability, and responsiveness to empower the government workers. However, the personal use segment is projected to manifest the highest CAGR of 19.9% during the forecast period, as to explore the fully featured laptop with east of tablet for viewing various information.
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North America held the lion’s share
By region, the market across North America held the largest share in 2020, accounting for around two-fifths of the global hybrid devices industry., due to demand for higher productivity and enhanced multimedia in the devices. However, the market across Asia-Pacific is expected to register the highest CAGR of 19.8% during the forecast period, owing to higher purchasing power of North America.
Key market players –
- Fujitsu Limited
- LG Corporation
- ASUSTeK Computer Inc.
- Lenovo
- HP Development Company
- L.P.
- Microsoft Corporation
- Dell Inc.
- Toshiba Corporation
- Samsung Electronics Co.
- Acer Inc.
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Key Findings of the Study –
- On the basis of type, in 2021, the detachable hybrid devices segment dominated the hybrid devices market size. However, the convertible hybrid segment is expected to exhibit significant growth during the forecast period.
- Depending on end user, the IT and telecom segment generated the highest revenue in 2021 of hybrid devices market share.
- On the basis of screen size, the 12-15 inches segment generated the highest revenue in 2021. However, the less than 12 inches segment is expected to exhibit significant growth during the forecast period
- On the basis of region, the hybrid devices industry was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the upcoming years.
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