Ultra-Mobile Devices Market Indicating a CAGR of 9.6%, Nearly Double the Previously Reported Size

As per the report published by Allied Market Research, the global ultra-mobile devices market is projected to reach $60.7 billion by 2022, growing at a CAGR of 10.4% during the study period.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1733

Ease of access, increased productivity & mobility, and recent advancements in ultra-mobile devices have boosted the growth of the global ultra-mobile devices market. However, high-priced solution hampers the market. On the contrary, perceptible amount of portability and dual-mode operation supported by ultra-mobile devices are expected to create lucrative opportunities for the market players in the future.

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.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/1733

The ultra-mobile device market in Asia-Pacific is expected to witness the highest growth in the upcoming years. This is attributed to emerging technologies, falling prices of consumer electronics, industrialization, and government initiatives. In addition, emerging markets offer a huge potential customer base, which attract global manufacturers. Furthermore, the IT & telecommunication industries in India are blooming, whereas the electronics market in China is expected to grow at a significant rate, which drives the growth of market in this region.

Based on type, the premium UMD segment dominated the overall ultra-mobile device industry in 2020 and is expected to continue this trend throughout the forecast period. This is attributed to rise in standards of living, technology awareness among people, and increase in disposable income in the country.

In addition, Asia-Pacific and LAMEA are anticipating potential growth in premium Ultra Mobile Phones during forecast period as a result of their developments, government initiatives, increase in awareness about technology, and cost-effective consumer electronics, all of which provide lucrative growth opportunities.

Buy Now & Get Exclusive Report at: https://www.alliedmarketresearch.com/ultra-mobile-devices-market/purchase-options

However, the utility-mobile device segment is expected to witness significant growth in the upcoming years. This is attributed to rise in market for ultra-mobile devices, growth in cognitive intelligence applications, prediction, and analytical software; increase in use of mobile phones & applications; and rise in concern for system.

By Industry vertical, the consumer electronics sector segment held the largest Ultra Mobile Devices Market Share in 2020 and is expected to continue this trend during the forecast period. The electronics and semiconductors sector segment is highly dependent on ultra-mobile device systems, owing to increase in population and evolution of ultra-mobile device market. In addition, surge in use of consumer electronics devices, such as mobile devices, laptops, tablets, personal computers, satellites, television, and radar along with falling prices of these devices, facilitated the growth of ultra-mobile devices in the consumer electronic sector.

However, the IT & telecom segment is expected to witness the highest growth in the upcoming years. This is due to the rapid increase in adoption of advanced ultra-mobile device systems. IT & telecom organization deploy ultra-mobile device systems in their operations for different functionalities such as monitoring systems and security. In addition, major IT & Telecom players are inclined toward investing in technology advancement to develop telecom systems that are more network-savvy, safer, and energy-efficient, which is expected to provide lucrative growth opportunities for the IT & telecom sector.

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.

Access the full summary at: https://www.alliedmarketresearch.com/ultra-mobile-devices-market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have special requirements, please tell us, and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.