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.
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The Hybrid Devices Market report, published by Allied Market Research, forecasts that the global market is expected to garner $30.92 billion by 2022, growing at a CAGR of 25.6% during the period 2016 - 2022.
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.
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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.
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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.
Based on screen size, the market is divided into three categories: less than 12 inches, 12‐15 inches, and greater than 15 inches. Further, the market is segmented based on end users which are sub segmented into personal use, IT & Telecom, and others (retail, healthcare, educational institutions, and government).
Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The market for hybrid devices comprises dominant players such as HP Development Company, L.P., Microsoft, Lenovo, and others. These market players primarily focus on the development of new features, launch of innovative products with exceptional variations, and adoption of R&D and acquisition as their key strategies to establish their position in the market.
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