Mobile Computing Devices Market
Mobile Computing Devices Market By Type (Smartphones, Tablets, Laptops, Wearable devices, Others); By End User (Consumer, Industrial) - Global Demand Analysis & Opportunity Outlook 2027
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Mobile Computing Devices Market By Type (Smartphones, Tablets, Laptops, Wearable devices, Others); By End User (Consumer, Industrial) - Global Demand Analysis & Opportunity Outlook 2027
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Mobile computing devices are portable devices which performs basic functions of a personal computer. Some of the mobile computing devices are tablets, laptops, gaming consoles, e- readers and smartphones. Mobile computing is the form of human computer interface by which a computer is transported during usual usage. Aspects of mobile computing are software, hardware and communication. Mobile communication includes issues related to protocols, network infrastructures and data formats.
The mobile computing devices market, in terms of value, is expected to grow rapidly during the forecasted period at a CAGR of around 4.5%. Small and medium-sized businesses have been using mobile computing devices due to low prices of the mobile computing devices and vital features of mobile devices. Employees can access information on a real time basis which will stimulate the growth of mobile computing devices market during the forecasted period.
Asia Pacific is anticipated to be the fast growing market due to the increase usage of smartphones, tablets and laptops. Increasing urbanization and industrialization in this region are expected to escalate the demand for the growth of mobile computing devices market. Increase in gaming activities and online retailing activities in this region stimulating the market of mobile computing devices in this region. E-commerce sector is growing rapidly in this region which drives the market of mobile computing devices. Increase in disposable income of the consumers and awareness towards new technologies are contributing to the growth of mobile computing devices market in this region.
North America holds the largest market share in terms of revenue due the high usage of mobile devices among the population and ongoing technological advancements in the mobile computing sector. Countries in North America region such as U.S. and Canada adopted the new innovative technologies at a very early stage and better technology infrastructure and reliable network connectivity are encouraging the growth of the mobile computing devices market in this region.
It is estimated that the smartphones segment holds the largest market share in terms of revenue in 2017. Increasing urban population in American countries coupled with high smartphone penetration rate in urban areas is a major factor that is expected to bolster the growth of this segment over the forecasted period. Rising disposable income of consumers and increasing awareness among them related to media, entertainment and networking leads to higher potential sales of smartphones.CLICK TO DOWNLOAD FREE SAMPLE
Our-in depth analysis of the global mobile computing devices market includes the following segments:
Global mobile computing devices market is further classified on the basis of region as follows:
Increasing demand for computers in military applications and the technological advancements in the mobile computing encourages the mobile computing devices market globally. Increase in disposable income of consumers also triggers the growth of mobile computing devices market. Increase in demand for mobile computing devices in e-commerce sector and small to medium businesses also contributed in the growth of mobile computing devices market.
Cyclical nature of semiconductor industry also stimulates the mobile computing devices market globally. Various organizations are investing a huge amount of capital in the R&D of mobile computing devices. This is likely to increase sale of mobile computing devices across all regions.
Gadgets with characteristics such as cloud connectivity, portable devices and extended portability are also helping the market of mobile computing devices to grow significantly. Easy accessible devices are very popular among population as they make their life easy. Consumers prefer on the go connectivity for entertainment, business applications and learning content. Low price of mobile computing devices is a major factor that is also expected to grow the market of mobile computing devices in future.
Data breaching threat is one of the main restraints that affect the market of mobile computing devices. High quality of network connectivity is not available in many regions across the globe due to which consumers are not able to use the advanced features of mobile computing devices.
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