In a recent published report, Kenneth Research has updated the market report for Global Ultra-Portable Internet Devices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Ultra-Portable Internet Devices Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Ultra-portable internet devices include devices such as mobile internet devices (MID), ultra-mobile PCs (UMPC), and ultra-mobile devices (UMDs). They are lightweight and mid-size computing tools that support a gamut of applications spanning from business to education. They offer improved features such as higher full-scale functionality, higher efficiency, enhanced battery life, increased portability, decreased bulk and weight, and more capabilities in general. These devices are increasingly being used for personal as well as professional requirements.
Companies in retail, healthcare, education, entertainment, consumer durables, telecom, IT and BFSI are the target customers for the ultra-portable internet devices industry.
Market Dynamics and Opportunities
The global market for ultra-portable internet devices is estimated to grow at a promising CAGR of about 10.5% and is expected to be valued at about USD 60 billion by 2020. The suitability of UMDs in businesses and the adoption of new technology by consumers in the consumer durables sector are major drivers for the growth of this market. The latest trends in this sector include the advancements and improvements in the features and capabilities of these devices. Growing penetration of the Internet and communication standards such as Wi-Fi and Bluetooth that provide effective connectivity is predicted to contribute to high revenue generation. Soaring demand for devices with extensive portability and enhanced accessibility is a propellent for this market. However, huge costs are associated in the development and production of these sophisticated and advanced devices.
The market is segmented in terms of the type of product, range and industry vertical. Based on product type, the global automobile ultra-portable internet devices market is broadly categorized as Premium Ultra-Mobile, Basic Ultra-Mobile and Utility Ultra-Mobile internet devices. According to the range, the market can be classified as short, medium and long-range. Further on the basis of industry vertical, the ultra-portable internet devices market is divided into retail, healthcare, IT, telecom, consumer electronics, education, entertainment, etc.
The global ultra-portable internet devices market is dominated by North America which has the highest market share among all regions. A significant part of this share is fueled by increasing demand from the U.S. market. This can be owed to fact that it is highly inclined towards adopting new technologies, easily and quickly. Europe stands at number two and the Asia Pacific has also a wide scope of high growth in the ultra-portable internet devices market.
Some of the major players operating in the global ultra-portable internet devices market include Apple, Microsoft Corporation, Intel Corporation, Samsung Electronics, etc.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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