According to a new report, published by KBV research, The Global Hybrid Devices Market size is expected to reach $160.5 billion by 2031, rising at a market growth of 17.5% CAGR during the forecast period.
Manufacturers are incorporating advanced security features into hybrid devices as data privacy concerns grow. Biometric authentication, encrypted storage, and secure boot processes are becoming standard features, addressing user concerns about data protection. Environmental consciousness influences consumer choices, prompting manufacturers to adopt sustainable practices in producing hybrid devices.
The Convertible segment is experiencing a CAGR of 17.2 % during the forecast period. These devices, often referred to as 2-in-1 laptops, offer the flexibility to transition between laptop and tablet modes, making them ideal for users who require versatility in their computing needs. The growing trend of remote work and mobile computing has further fuelled demand for convertible devices, as they cater to various user preferences while delivering enhanced performance and battery life.
The 12-15 Inches segment led the maximum revenue in the Global Hybrid Devices Market by Screen Size in 2023, thereby, achieving a market value of $80.4 billion by 2031. This screen size range is particularly popular among users who seek a balance between portability and usability. Devices in this category often provide a sufficient display area for productivity tasks, such as document editing and multimedia consumption, while still compact enough for easy transport.
The IT & Telecom segment is growing at a CAGR of 15.9 % during the forecast period. This sector’s strong performance can be attributed to the increasing demand for versatile and multifunctional devices supporting various tasks. Professionals in the IT and telecommunications fields often require tools that facilitate seamless communication, collaboration, and data management. Hybrid devices allow users to easily switch between laptop and tablet modes, making them ideal for scenarios that demand mobility and flexibility.
Full Report: https://www.kbvresearch.com/hybrid-devices-market/
The North America region dominated the Global Hybrid Devices Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $52.6 billion by 2031. The Europe region is anticipated to grow at a CAGR of 17.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 18.1% during (2024 - 2031).
By Type
By Screen Size
By End User
By Geography
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