Ultra-Mobile Devices Market Expected to Reach USD 113.83 Billion by 2030 | Top Players such as - Apple, Lenovo and Samsung

According to the report published by Allied Market Research "The Ultra-Mobile Devices Market Expected to Reach USD 113.83 Billion by 2030 | Top Players such as - Apple, Lenovo and Samsung." These players have adopted different strategies such as new product launches collaborations expansion joint ventures agreements and others to increase their market share and maintain dominant shares in different regions.

Ease of access, increased productivity & mobility, and recent advancements in ultra-mobile devices have boosted the growth of the global ultra-mobile devices market. The market across North America held the largest share, owing to a favorable price of basic and utility UMDs for the major population in developing economies. The disrupted supply chain and market disruption have affected the production of ultra-mobile devices.

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The global ultra-mobile devices market is divided on the basis of type, industry vertical, and geography. Based on type, the market is categorized into premium ultra-mobile, basic ultra-mobile, utility ultra-mobile. The premium ultra-mobile segment held the largest share owing to enhanced functionality and improved processors. On the contrary, the utility ultra-mobile segment is expected to register the highest CAGR during the forecast period.

On the basis of industry vertical, the market is segmented into healthcare, telecom & it, retail, consumer electronics, BFSI, and education. The consumer electronic segment held the largest share due to the rise in number of Internet users and enhanced functionality of UMDs. However, the retail segment is projected to portray the highest CAGR during the study period.

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Based on region, the global ultra-mobile devices market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across North America held the largest share, owing to the favorable price of basic and utility UMDs for the major population in developing economies. However, the market across LAMEA is expected to register the highest CAGR during the forecast period.

The global ultra-mobile devices market report includes an in-depth analysis of the major market players such as Google, Microsoft Corporation, HTC Corporation, Lenovo, Apple Inc., Sony, Samsung, Dell, HP Development Company L.P., and ASUSTeK Computer Inc.

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Covid-19 Scenario:

● The disrupted supply chain and market disruption have affected the production of ultra-mobile devices.

● The outbreak of Covid-19 has affected several aspects such as flight cancellations, falling business confidence, and uncertainty about the future among the population. This has affected the investment in the UMD market.

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