Global Tablet PC Market Will Reach USD 4,500 Million by 2024: Zion Market Research

According to the report, global tablet PC market was valued at around USD 3,480 million in 2017 and is expected to reach approximately USD 4,500 million in 2024, growing at CAGR of slightly above 3.7% between 2017 and 2024.

New York, NY, June 20, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Tablet PC Market by Type (Mini-tablet, slate, hybrid, gaming console, booklet and others) by  Size (7 inches, 8 inches, 9 inches, 10 inches and 11 inches) by End-Users (School & Colleges, Universities, Commercial, Residential, Healthcare, Pharmaceutical, Retail, Marketing, and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global tablet PC market was valued at around USD 3,480 million in 2017 and is expected to reach approximately USD 4,500 million in 2024, growing at CAGR of slightly above 3.7% between 2017 and 2024.

Tablet PC is a portable computer having wireless connectivity, with a touchscreen interface. In tablet PC users can edit or browse using either stylus or finger. The input information of tablet PC is mostly done through LEC touchscreen interface and not with a mouse or keyboard. Table PC provide with features like handwriting recognition system, wherein handwritten data can be digitized on a tablet pc. The user can enter data in tablet pc using either stylus or inbuilt QWERTY keyboard. In last five years, the demand for customized table pc has increased significantly. These, customized tablet pc comes with a minimum price of USD 1000 more than regular systems available in the market. Manufacturing and healthcare enterprises are sought after customers for customized tablet pc.

Browse through 54 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Tablet PC Market Share 2017: Industry Size, Trends, Analysis and Forecast, 2024”.

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Across the globe, manufacturing of connected devices is undergoing a tectonic shift. Manufacturing companies are investing in emerging markets due to tax incentives, less manufacturing cost, and thriving local markets. The shift within device manufacturing is critical for companies to stay competitive in terms of price and reducing pressure margins.

Global tablet PC market is segmented in terms of size, type and end users. By type, the segment is further bifurcated as mini-tablet, slate, hybrid, gaming console, booklet and others (customized business or engineering tablet). The hybrid tablet is anticipated to grow with highest CAGR for the forecast period, due to its multifunctional capabilities. By size, tablet pc is classified into 7 inches, 8 inches, 9 inches, 10 inches and 11 inches. By end user, the market is classified further as schools & colleges, universities, commercial, residential, healthcare, pharmaceutical, retail, marketing, and others. Commercial tablets hold the largest market share, driven by rising demand for connected devices in India and China.

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Global tablet pc market is propelled by increasing adoption of enterprise-class tablets, falling mobile data costs, rising number of mobile & internet users. Similarly, the fragility of the device, lack of ports, limited data processing capability, and fluctuating raw material cost are some of the challenges for tablet pc market for the forecasted period 2017-2024.

North America and Europe continue to be key revenue market for tablet PC despite sluggish sales in last two fiscal years. The market continues to remain fresh, amid the introduction of 5G network technology, increasing devices & connections per capita specifically in North America (U.S. & Canada) and Western Europe countries. The slump in sales for FY 2015 and FY 2016 in North America was due to lack of upgrade cycle as observed amongst smart-phone users. In Europe, sales of tablet pc have gained slight momentum especially in countries like UK, Spain, and Germany. Purchase decision for a tablet PC across all three countries involved, the price of the device, battery life, and screen size played a significant role.

Browse the full “Tablet PC Market by Type (Mini-tablet, slate, hybrid, gaming console, booklet and others) by  Size (7 inches, 8 inches, 9 inches, 10 inches and 11 inches) by End-Users (School & Colleges, Universities, Commercial, Residential, Healthcare, Pharmaceutical, Retail, Marketing, and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024  report at https://www.zionmarketresearch.com/report/tablet-pc-market

The Asia Pacific is the foremost market for tablet pc for the forecast period. The market in the region is driven by increasing number of mobile subscribers, falling data costs and increasing number of internet users. ‘CISCO VNI’ forecasts total number of internet users in the Asia Pacific will reach 2.6 billion in 2021 from 1.7 billion in 2016. Similarly, tablet pc will account for 2% of total networked devices in the Asia Pacific by 2021. Developing countries like India and China are key driving markets within Asia Pacific region. Internet and Mobile Association of India anticipates the number of internet users in India to reach 500 million by Q4 2018. Furthermore (IMAI) anticipates the number of internet users in India to reach around 800 million by 2020. Growing number of internet users will augment demand for tablet pc in the Asia Pacific.

Latin America is witnessing positive growth forecast for tablet pc market. The market in Latin America is driven by increasing number of mobile internet users, rising number of connected devices per capita, and the introduction of 4G networks across the region. Latin America accounts for third largest regional internet market only behind North America and the Asia Pacific. A number of internet users in Latin America are anticipated to grow by 60% by 2020. Moreover, the number of connected devices in the region is increasing. By 2021, devices & connection per capita in Latin America is anticipated to reach 3.0 from 2.1 in 2015. Both above factors would augment the growth of tablet pc market in Latin America for the forecast period.

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Apple Inc., Lenovo Group Ltd., Samsung Technologies Ltd., Huawei Technologies Co Ltd., AsusTek Computer Inc., LG Electronics Inc., Acer Inc., The Hewlett-Packard Company., Microsoft Corporation., Pandigital., Google Inc., Nvidia., and HTC Corporation are some of the key players within global tablet PC market.

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The report segments global table pc market as follows:

Tablet PC Market: Type Segment Analysis

  • Mini-tablet
  • Slate
  • Hybrid
  • Gaming Console
  • Booklet
  • Others

Tablet PC Market: Size Segment Analysis

  • 7 inches
  • 8 inches
  • 9 inches
  • 10 inches
  • 11 inches

Tablet PC Market: End-Use Industry Segment Analysis

  • School & Colleges
  • Universities
  • Commercial
  • Residential
  • Healthcare
  • Pharmaceutical
  • Retail
  • Marketing
  • Others

Tablet PC Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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