According to a new market report published by Transparency Market Research “Hybrid Device Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022”, the global hybrid device market was worth US$5.1 bn in 2014 and is expected to reach US$31.8 bn by 2022, growing at a CAGR of 20.8% from 2015 to 2022. North America was the largest market for hybrid device in 2014. Growth in this region is expected to be driven by slowdown in the tablet market, replacement of older PCs by hybrid devices, and the launch of Windows 10.
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Hybrid devices are widely deployed in several industries that demand a lot of mobility, such as retail and healthcare sectors. This is because hybrid devices helps them in exercising mobility solutions, to drive customer engagement and enhance sales and productivity. Moreover, in healthcare industry, hybrid devices enhance and enrich communication between doctors, hospital staff, and nurses, by allowing caregivers to insert, read, update, and share patient information digitally from one device to another. A trend of wide adoption of detachable hybrid devices has been observed across various end use industries at present. Hybrid devices allow companies to keep their important data secure, while enabling efficiency and productivity of a mobile workforce.
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For many years, telecom and IT industries considered desktops and laptops as the only way to present information and perform functions. With the technology advancement of laptops providing more mobility and functionality with extended battery life, the industries are no longer restricted to the use of desktops and laptops and are switching towards hybrid devices. End-users expect to access their data anywhere and at any time. To achieve this, enterprises are shifting their business models towards hybrid devices. The most common hybrid device chosen is a detachable hybrid device due to its mobility, flexibility, and dual functionality in a single device. Additionally, the mobile workforce of any organization requires devices that can be carried anywhere and anytime performing all the computing processes. Thus, these employees prefer using hybrid devices for performing their business operations. With the growing demand for enterprise mobility across different end-use industries, demand for hybrid device is expected to soar significantly during the forecast period.
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On the basis of device type, the global hybrid device market is segmented into detachable and convertible hybrid devices. In 2014, detachable were the most preferred devices, and accounted for around 64% share of the overall hybrid devices market. Moreover, detachable hybrid device are expected to expand at a CAGR of 21.4% from 2015 to 2022. The most significant factor driving the market for detachable hybrid devices is their increasing demand across varied industry verticals due to its high portability and mobility.
In terms of screen size, the hybrid devices market is segmented into devices with screen size less than 12 inch, 12 inch to 15 inch and greater than 15 inch. In 2014, devices with screen size 12 inch to 15 inch held the largest revenue share of around 45% of the overall hybrid devices market. However, based on the volume shipment, devices with screen size less than 12 inch accounted for maximum share of around 40% of the overall hybrid device market in 2014. Hybrid devices with screen size 12 inch to 15 inch is expected to grow at fastest CAGR in terms of revenue as well as volume during the forecast period from 2015 to 2022.
The global hybrid device market is segmented based on the end-use industry into retail industry, personal use, healthcare industry, telecom and IT industry, educational institutes and others which include banking, government and transportation sector. Based on the global volume share, personal use segment dominated the global hybrid device market in 2014. However, with the growing adoption of enterprise mobility, and thus hybrid devices, across telecom and IT industry, telecom and IT sector is expected to witness highest growth in terms of volume shipments during the forecast period at a CAGR of 25.6%.
Geographically, North America is the largest market for hybrid device, globally. In 2014, North America accounted for around 32% of the overall hybrid device market revenue share. However, Asia Pacific is expected to witness fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for hybrid devices in this region. The global hybrid device market, in current situation shows the presence of key players including Microsoft Corporation, Lenovo Group, ASUSTeK Computer Inc., Samsung Corporation, Hewlett-Packard Development Company, Acer Inc., Dell Inc., Toshiba Corporation, Fujitsu Ltd., and LG Corporation.
The global hybrid device market is segmented as follows:
Hybrid Device Market Analysis, by Device type
Detachable Hybrid Device
Convertible Hybrid Device
Hybrid Device Market Analysis, by Screen Size
Less than 12 inch
12 inch to 15 inch
Greater than 15 inch
Hybrid Device Market Analysis, by End-use Industry
Telecom and IT Industry
Others(Banking, Government, Transportation)
In addition, the report provides cross sectional analysis of the hybrid device market with respect to following geographical segments:
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa (MEA)
Rest of MEA
Rest of Latin America