Global Hybrid Devices Market Is Expected to Garner $30.92 Billion by Global Hybrid Devices Market Is Expected to Garner

Global Hybrid Devices Market Is Expected to Garner $30.92
Billion by 2022
Date: 2016-07-18
Global Hybrid Devices Market, signifies that the Global hybrid devices market is likely to
reach revenue of $30.92 billion by 2022, growing at a CAGR of 25.6% from 2016 to
2022. Asia-Pacific is expected be the largest market for hybrid devices during the forecast
period owing to the growth in personal use, educational institutions, and IT & telecom
sectors.
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.
Based on the end users of hybrid devices, the market is segmented into personal use, IT
and Telecom and others. Others segment comprises educational institutions, healthcare,
retail, and government among others. This segment accounted for the highest revenue in
2015 due to the increasing adoption rate of hybrids in educational institutions. However,
the personal use sector is projected to depict the fastest growth during the forecast period.
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.
Key findings of the study:
Detachable hybrid devices market is expected to exhibit a remarkable growth during the
forecast period, owing to the lighter weight as compared to convertible hybrid.
1