Global Hybrid Devices Market to Reach US$ 173.3 Billion by 2032, Impelled by Rapid Digitization of Industries

March 17, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled "Hybrid Devices Market Report by Type (Convertible Hybrid Devices, Detachable Hybrid Devices), Screen Size (Less than 12 Inches, 12 Inches to 15 Inches, Greater than 15 Inches), End User (Personal Use, Educational Institutions, Healthcare, IT And Telecom, Retail, and Others), and Region 2024-2032," the global hybrid devices market size reached US$ 46.2 Billion in 2023. Hybrid devices are computers built with similar features to two or more different devices. Convertible laptops, tablets that can be used as laptops, and phones that can be used as tablets are some of the most common hybrid devices. They include additional features, processors, sensors, disaster recovery, hybrid hosting, and storage space for effective cloud management and orchestration. These products provide the best of both devices, such as the flexibility of laptops, improved battery life and portability of tablets, and calling, texting, and other features unique to phones. As a result, they are widely employed across the education, telecommunication, manufacturing, banking, financial services and insurance (BFSI), and transportation sectors. Hybrid devices are available in detachable and convertible forms and can be switched into different device modes by completely detaching or rotating, sliding, and folding the keyboard behind the system's frame.

Global Hybrid Devices Market Trends:

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$ 173.3 Billion by 2032, expanding at a CAGR of 15.4% during 2024-2032.

Market Summary:

Based on the type, the market has been bifurcated into convertible and detachable hybrid devices.
On the basis of the screen size, the market is segregated into less than 12 inches, 12 inches to 15 inches, and greater than 15 inches.
Based on the end user, the market is classified into personal use, educational institutions, healthcare, IT and telecom, retail, and others.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being 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 and Toshiba Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Type, Screen Size, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and Toshiba Corporation
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Hybrid Devices Market to Reach US$ 173.3 Billion by 2032, Impelled by Rapid Digitization of Industries

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