Global Hybrid Device Market to Reach US$31.8 bn by 2022; Tablet Sales Slowdown to Increase Demand for Hybrid Devices

The global hybrid device market is anticipated top expand at a CAGR of 20.8% between 2015 and 2022. The market was valued at US$5.1 bn in 2014. Owing to numerous growth factors, the global hybrid devices market is expected to reach US$31.8 bn, according to a research report released by Transparency Market Research, titled “Hybrid Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”.

Data divulged in the report enumerates the drivers of the global hybrid devices market, the most important ones being the slow growth of the tablet market, the introduction of Windows 10, and the replacement of outdated PCs with hybrid devices for the sake of convenience.

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The global hybrid devices market finds a large scope of use in the fields of healthcare and retail, where mobility is a highly sought advantage. Hybrid devices provide a high level of mobility while creating an uninterrupted workflow. In the healthcare industry it can help create a more streamlined mode of communication between the various medical personnel in terms of delivering the fastest and the most accurate treatment possible.

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Key segmentations of the global hybrid devices market are covered through the categories of device type, screen size, end-users, and geography.In terms of device type, the global hybrid devices market was led by detachable hybrid devices in 2014, when this segment accounted for almost 64% of the market. The detachable devices segment is primarily driven by an increase in demand from multiple industry verticals. The segment of detachable hybrid devices is expected to progress at a CAGR of 21.4% in the report’s forecast period.

In terms of screen size, the global hybrid devices market was dominated by the 12 inch to 15 inch segment in 2014. The segment held nearly 45% of the market. This segment is expected to register the fastest CAGR in the given forecast period. In terms of shipment volumes, the market was dominated by devices with a screen size less than 12 inches. This segment accounted for nearly 40% of the global hybrid devices market in 2014.

In terms of end users, the global hybrid devices market was led by the personal use segment in 2014. The future of the global hybrid devices market, however, will be heavily influenced by the telecom and IT industry, a segment which is expanding at the fastest CAGR of 25.6% between 2015 and 2022.The report’s geographical analysis of the global hybrid devices market reveals North America to have been the dominant region in 2014. In that year, North America occupied 32% of the global hybrid devices market in terms of revenue generation. The fastest rate of growth during the report’s forecast period will be exhibited to Asia Pacific.

Key players in the global hybrid devices market are LG Corporation, Fujitsu Ltd., Toshiba Corporation, Dell Inc., Acer Inc., Hewlett-Packard Development Company, Samsung Corporation, ASUSTeK Computer Inc., Lenovo Group, and Microsoft Corporation.

Key segments of the Global Hybrid Device Market

Hybrid Device Market Analysis, by Device type
Detachable Hybrid Device
Convertible Hybrid Device

Hybrid Device Market Analysis, by Screen Size
Less than 12 inch
12 inch to 15 inch
Greater than 15 inch

Hybrid Device Market Analysis, by End-use Industry
Retail Industry
Personal use
Healthcare Industry
Telecom and IT Industry
Educational Institutions
Others (Banking, Government, Transportation)

In addition, the report provides cross sectional analysis of the hybrid device market with respect to following geographical segments:

North America
U.S.
Rest of North America

Europe
EU7
CIS
Rest of Europe

Asia-Pacific
Japan
China
South Asia
Australasia
Rest of Asia Pacific

Middle East and Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of MEA

Latin America
Brazil
Rest of Latin America

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.