Portland, OR, Nov. 04, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global ultra-mobile devices market is projected to reach $60.7 billion by 2022, growing at a CAGR of 10.4% during the study period.
Ease of access, increased productivity & mobility, and recent advancements in ultra-mobile devices have boosted the growth of the global ultra-mobile devices market. However, high-priced solution hampers the market. On the contrary, perceptible amount of portability and dual-mode operation supported by ultra-mobile devices are expected to create lucrative opportunities for the market players in the future.
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Covid-19 scenario:
- The disrupted supply chain and market disruption have affected the production of ultra-mobile devices.
- The outbreak of Covid-19 has affected several aspects such as flight cancellations, falling business confidence, and uncertainty about the future among the population. This has affected the investment in the UMD market.
Get detailed COVID-19 impact analysis on the Ultra-mobile Devices Market
The global ultra-mobile devices market is divided on the basis of type, industry vertical, and geography. Based on type, the market is categorized into premium ultra-mobile, basic ultra-mobile, utility ultra-mobile. The premium ultra-mobile segment held the largest share owing to enhanced functionality and improved processors. On the contrary, the utility ultra-mobile segment is expected to register the highest CAGR during the forecast period.
On the basis of industry vertical, the market is segmented into healthcare, telecom & it, retail, consumer electronics, BFSI, and education. The consumer electronic segment held the largest share due to rise in number of Internet users and enhanced functionality of UMDs. However, the retail segment is projected to portray the highest CAGR during the study period.
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Based on region, the global ultra-mobile devices market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across North America held the largest share, owing to the favorable price of basic and utility UMDs for the major population in developing economies. However, the market across LAMEA is expected to register the highest CAGR during the forecast period.
The global ultra-mobile devices market report includes an in-depth analysis of the major market players such as Google, Microsoft Corporation, HTC Corporation, Lenovo, Apple Inc., Sony, Samsung, Dell, HP Development Company L.P., and ASUSTeK Computer Inc.
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