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The latest report by IMARC, titled “ Hybrid Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028
” " the global hybrid devices market size reached US$ 39.2 Billion in 2022.
Hybrid devices are computers built with similar features to two or more different devices. Convertible laptops, tablets that can be used as laptops, and phones that can be used as tablets are some of the most common hybrid devices. They include additional features, processors, sensors, disaster recovery, hybrid hosting, and storage space for effective cloud management and orchestration. These products provide the best of both devices, such as the flexibility of laptops, improved battery life and portability of tablets, and calling, texting, and other features unique to phones.
As a result, they are widely employed across the education, telecommunication, manufacturing, banking, financial services and insurance (BFSI), and transportation sectors. Hybrid devices are available in detachable and convertible forms and can be switched into different device modes by completely detaching or rotating, sliding, and folding the keyboard behind the system's frame.
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With the increasing digitization of various industrial sectors, hybrid devices have become indispensable components of the workplace, allowing employees to present information and carry out a variety of generic operations through a single device. This, in turn, is primarily driving the global market. In addition to this, escalating concerns about battery backup and the increasing need for agile, scalable, and cost-effective computing solutions are fuelling the demand for hybrid devices. Moreover, significant growth in the information technology (IT) industry and the widespread acceptance and implementation of enterprise mobility and bring-your-own devices (BYOD) are presenting remunerative growth opportunities for the market. Besides this, the fueling demand for hybrid devices from the healthcare sector due to their low weight, compact size, and portability, combined with the expanding adoption of wearable devices integrated with elements, such as fitness and heart rate monitoring, is propelling the market growth.
Furthermore, sophisticated features of hybrid devices, including quick collection and storage of data, superior speed, built-in security, faster wake times, remote access control, and quick navigation with touchscreen technology and stylus pens, are creating a positive outlook for the market. Concurrent with this, inflating expenditure capacities of consumers, the proliferation of high-speed internet connectivity, and innovative product advancements in terms of functionalities, efficiency, productivity, and accuracy are aiding in market expansion. Looking forward, the market value is projected to reach US$ 103.8 Billion by 2028, expanding at a CAGR of 17.5% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Type:
• Convertible Hybrid Devices
• Detachable Hybrid Devices
Breakup by Screen Size:
• Less than 12 Inches
• 12 Inches to 15 Inches
• Greater than 15 Inches
Breakup by End User:
• Personal Use
• Educational Institutions
• Healthcare
• IT and Telecom
• Retail
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Middle East and Africa
Competitive Landscape with Key Players:
• Acer Inc
• ASUSTeK Computer Inc.
• Dell Technologies Inc.
• FUJITSU Limited
• HP Development Company L.P
• Lenovo Group Limited
• LG Corporation
• Microsoft Corporation
• Samsung Electronics Co. Ltd
• Toshiba Corporation
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