Ultra Mobile Devices (UMD) Market To Witness Exponential Growth By 2017 – 2025

Posted by Dinesh on March 25th, 2021

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.

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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.

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.

Get More Press Release by TMR: https://www.prnewswire.co.uk/news-releases/rising-influence-of-automation-to-paint-strokes-of-growth-across-proximity-sensors-market-between-2019-and-2027-tmr-868639913.html

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. 

Europe trails North America in the global ultra-mobile device market in terms of share in revenue.