A new report published by Allied Market Research titled, Ultra-Mobile Devices Market by Type, Industry Vertical, and Geography – Global Opportunity Analysis and Industry Forecast, 2014 – 2022, projects that the market is expected to generate $60,703 million revenue by 2022, growing at a CAGR of 10.4% during the forecast period. Moreover, perceptible amount of portability and dual mode operations supported by ultra-mobile devices (UMD) are anticipated to drive the global market. While, North America is expected be the largest market for UMDs during the forecast period, LAMEA is estimated to depict the fastest growth rate.
Premium UMDs constitute the highest market share due to enhanced functionality and improved processors. However, utility UMDs are estimated to portray the fastest growth since they are more affordable.
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The consumer electronics segment is projected to dominate the market pertaining to increase in the number of internet users and enhanced functionality of UMDs. However, retail industry is expected to depict fastest growth rate during the forecast period.
LAMEA is estimated to be the fastest growing region during the forecast period as it has the highest market share in Middle East.
Key findings of the study:
The UMDs market comprises dominant players such as Google, HTC Corporation, Microsoft Corporation, Apple Inc., Lenovo, Samsung, Sony, HP Development Company L.P., Dell, and ASUSTeK Computer Inc. These market players primarily focus on new product launch as their key strategies to establish their position in the market.
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