With 17.5% CAGR, Hybrid Devices Market Size to Reach US$ 103.8 Billion 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Hybrid Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global hybrid devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the hybrid devices market?

The global hybrid devices market size reached US$ 39.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.8 Billion by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028.

What are hybrid devices?

Hybrid devices are a set of gadgets that exhibit similar functionalities and properties as that of tablets and laptops. They can be differentiated into detachable and convertible hybrid devices. Between these, detachable systems can disengage keyboards to be operated like tablets, whereas convertible systems can transform into a tablet through the rotation, sliding or folding of the keyboard. Hybrid devices involve additional processors, sensors and storage for operation and cloud management.

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What are the growth prospects and trends in the hybrid devices industry?

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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• 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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