Ultra-mobile Devices (UMD) Market: Snapshot
Ultra-mobile devices market is primed to see solid growth in the upcoming years as these products become more and more mainstream. The market will also benefit from the unveiling of cutting-edge products every now and then by established companies. Their light-weight and sleek features are already stoking their popularity.
The global ultra-mobile devices market is also benefitting from the rising enterprise mobility allowing employees to work on-the-go. Besides, a growing crop of tech savvy people wanting to play, shop, transact and work on the fly is also positively impacting the market. In addition, the thrust on incorporation of basic ultra-mobile devices such as tablets and chrome books in academic applications, especially in developed nations of Canada, the U.S., and Sweden is also helping the market.
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Serving to crimp demand, on the flipside, is the steep prices of ultra-mobile devices, particularly those in the premium category. Despite it, however, their market is expected to rise at a steady 6.1% CAGR from 2017 to 2025 to become worth US$267.37 bn by 2025 from US$157.10 bn in 2016.
-Market.jpg "Global Ultra Mobile Device (UMD) Market")
Rising Demand from Enterprises Propels Sales of Premium Ultra-mobile Devices
Ultra-mobile devices can be broadly classified into premium, basic, and utility. Of them, the segment of premium ultra-mobile devices account for maximum share in revenue. This is because of their rising adoption at the enterprise level and the soaring popularity of 2-in-1 or hybrid devices in premium category. The segment is expected to grow at a CAGR of 6.7% over the course of the forecast period between 2017 and 2025.
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Depending upon the ultra-mobile device type, the market can be segmented into tablets, laptops, convertibles, and detachable. Among them, the convertible ultra-mobile devices contribute the most to the market. In 2016, they held a leading share of about 28%. In the years ahead too, the segment is predicted to expand its leading share by growing at a healthy clip. Tablets trail convertible devices in terms of contribution to market share. This segment too is expected to clock a healthy growth rate in the upcoming years.
Considerable Thrust on Development of Ultra-mobile Devices Makes North America Market Leader
From a geographical standpoint, North America dominates the global ultra-mobile device market with maximum share. This is because ultra-mobile devices have been in research and development stage in North American countries, particularly in the U.S., since early 1990. This has resulted in their considerable sales in the region. The North America market is expected to remain dominant by growing its revenue contribution to US$86.1 bn by 2025 by expanding at a CAGR of 5.7% from 2017 to 2025.
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Europe trails North America in the global ultra-mobile device market in terms of share in revenue. The demand in the region is being stoked primarily by the rapid technological evolution in cloud connected devices and program. The market in Europe is anticipated to gross a revenue to the tune of US$71.1 bn by 2025 from US$42.5 bn in 2016. Vis-à-vis growth rate, however, Asia Pacific is projected to steal the show with a CAGR of 7.0% during the forecast period. Enormous growth in IT and telecommunication sectors, among others, particularly in the countries of China and India is predicted to majorly fuel the global ultra-mobile device market.
Apple, Inc., ASUSTeK Computer Inc., Dell, Inc., Google Inc., Hewlett-Packard Company, HTC Corporation, Lenovo Group Ltd., Microsoft Corporation, Samsung Electronics Co., Ltd., and Sony Corporation are to name a few prominent players in the global ultra-mobile devices market.
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