Ultra Mobile Devices Market is expected to rise at a steady 6.1% CAGR from 2017 to 2025 to become worth US$267.37 bn by 2025 from US$157.10 bn in 2016.
Albany, NY -- (SBWIRE) -- 12/07/2017 -- With the growing advancements in technology, the demand for sophisticated devices to match with improved lifestyle has also increased to a significant level. Presently, ultra mobile devices are gaining huge momentum among consumers due to growing demand for gadgets with extended portability and improved accessibility. Their light-weight and sleek features are stoking their popularity. Analysts anticipate that Ultra-mobile devices market is primed to see solid growth in the upcoming years. To elaborate further, a study titled "Ultra Mobile Devices (UMD) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been publicized to the vast repository of Market Research Hub (MRH). According to this detailed study, the ultra mobile devices market is expected to rise at a steady 6.1% CAGR from 2017 to 2025 to become worth US$267.37 bn by 2025 from its valuation US$157.10 bn in 2016.
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This 229-pages study begins with a brief overview of the market with a prime focus on regions such as Europe, Asia Pacific, North America, South America, and the Middle East and Africa. The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. It also includes details of the competitive scenario of the market by briefing profiles of key vendors functioning in the global market for ultra mobile devices and their progress so far.
Key Highlights from the Study
- The ultra-mobile devices (UMDs) are midsize and lightweight computing devices that support various applications ranging from education to business. Presently, their sales are soaring with companies banking on new product launches to induce the rising crop of tech-savvy consumers.
- The global ultra-mobile devices market is also benefitting from the rising enterprise mobility allowing employees to work on-the-go.
- It has been analyzed that among the different types of ultra-mobile devices purveyed in the market, such as tablets, laptops, convertibles, and detachables; the convertible ultra-mobile devices gross maximum revenue in the market. In the coming years also, the segment is predicted to expand its share rapidly.
- From a geographical standpoint, North America dominates the global ultra-mobile device market with maximum share due to the considerable thrust on development of these devices. Apart from that, Asia Pacific is expected outpace all others by clocking the maximum CAGR of 7.0% from 2017 to 2025.
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The research also broadly classifies the Ultra-mobile devices market on the basis of type, device type, industry vertical. Based on industry vertical, ultra-mobile devices market is segmented into IT and telecommunication, retail, healthcare, education, consumer electronics, and others. Among these, IT and telecommunication, and consumer electronics are the key industries complementing the growth of market.
Moving further, the competitive scenario of Global ultra mobile devices market shows how the growth in the market is encouraging new businesses to enter the industry and how is it affecting the existing businesses in the market. Some of the major players in the global ultra-mobile devices market are Apple, Inc., Microsoft Corporation, Dell, Inc., Google Inc., Hewlett-Packard Company, ASUSTeK Computer Inc., HTC Corporation, Lenovo Group Ltd., Samsung Electronics Co., Ltd., and Sony Corporation.
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