Portland, OR, Nov. 19, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global hybrid devices market was estimated at $5.10 billion in 2014 and would reach $30.92 billion by 2022, growing at a CAGR of 25.6% from 2016 to 2022. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
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High demand for devices with longer battery life, increase in acceptance of hybrid devices for enterprise mobility, and use of touchscreen technology drive the global hybrid devices market. However, higher price compared with other computing devices, heavy weight, and constricted keyboards hinder the growth to certain extent. Moreover, use of WiDi technology and switching to Android OS would usher a number of opportunities in near future.
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Impact of Covid-19 on Hybrid Devices Market:
- Due to the outbreak, the production and supply chain management of hybrid devices has been disrupted.
- On the other hand, the stringent regulations during lockdowns to maintain social distancing have severely affected the sales of the product. In addition, the market has witnessed a drop in demand.
- Moreover, the government bodies in various regions have imposed certain relaxations on restrictions. This has permitted various businesses to restart their projects and plans with proper precautionary measures.
Get detailed COVID-19 impact analysis on the Hybrid Devices Market
The global hybrid devices market is segmented by type, screen size, and regions. Based on types, the detachable devices segment contributed to the highest market share in 2014, and would lead the market throughout 2022. On the other hand, the convertible devices segment is estimated to manifest the fastest growth during the forecast period.
Based on screen size, the 12 inch-15 inch segment dominated the market in 2014, accounting for the major market share. Furthermore, the segment would rule the roost by 2022. Nevertheless, the greater than 15 inches segment is estimated to portray fastest growth in between 2014 to 2022.
Based on region, the Asia-Pacific region accounted for highest share of the global hybrid devices market. The region would lead the trail through 2022. On the other hand, the region across LAMEA is anticipate to witness fastest CAGR of 26.5% from 2014 to 2022.
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Key Market players in the report include ASUSTeK Computer Inc., Lenovo, HP Development Company, L.P., Microsoft, Dell Inc., Toshiba Corporation, Samsung Corporation, Acer Inc., Fujitsu Ltd, LG Corporation, and Top of Form.
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