Global Hybrid Device Market Propelled by Diversity of End Users

The global hybrid device market was valued at US$5.1 bn in 2014 and is predicted to reach US$31.8 bn by 2022. The global hybrid device market is expected to rise at a 20.80% CAGR therein, with North America being the dominant region.

With a 32% Global Market Share in 2014, North America Emerges as Clear Leader

Most players in the healthcare and retail industries deploy hybrid devices, as they offer the required amount of mobility efficiently. In the healthcare industry, hybrid devices are most commonly used to enhance communication between the nurses, doctors, and rest of the hospital staff. Hybrid devices assist the hospital staff in monitoring, reading, adding, updating, and sharing details of the patients.

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The global hybrid device market is segmented on the basis of geography, device type, screen size, and end use. By geography, the global hybrid device market is classified into the Middle East, North America, Europe, Asia Pacific, and Latin America. In 2014, the North America market for hybrid devices accounted for a 32% global market share. The North America market for hybrid devices is expected to grow rapidly due to factors such as the falling tablet market, the launch of Windows 10, and replacement of traditional PCs by innovative hybrid devices. The Asia Pacific market for hybrid devices is predicted to be the fastest growing market by 2022. 

Telecom and IT Sector to Generate Highest Demand for Hybrid Devices

By end-use industry, the global hybrid device market is divided into personal use, the retail industry, telecom and IT, educational institutes, and others. The telecom and IT sector led the global hybrid device market in 2014 and is expected to maintain its dominant position by 2022. In terms of volume shipments, the telecom and IT sector is expected to expand at a 25.60% CAGR till 2022. In terms of volume, the personal use sector also developed rapidly in 2014. 

Leading players in the global hybrid device market are contributing greatly to the growth of the global hybrid device market by introducing different types of hybrid devices across all regions. Some of the leading companies in the global hybrid device market are Microsoft Corporation, ASUSTeK Computer Inc., Hewlett-Packard Development Company, Dell Inc., Fujitsu Ltd., LG Corporation, Lenovo Group, Samsung Corporation, Acer Inc., and Toshiba Corporation. The leading companies mostly manufacture convertible and detachable types of hybrid devices. The market for detachable hybrid devices accounted for a majority share of 64% in the global market in 2014. The detachable hybrid device market is predicted to expand at a 21.4% CAGR during the period between 2015 and 2022. Growing demand for detachable hybrid devices across various industries is projected to drive this market during the forecast period. 

Based on screen size, the global hybrid device market is classified into hybrid devices with screens less than 12 inches, 12 inches to 15 inches and screens larger than 15 inches. Hybrid devices with screens from 12 inch to 15 inches dominated the global hybrid device market in 2014 in terms of revenue. This sector accounted for 45% of the global market in 2014 and is predicted to grow rapidly during the forecast period.

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