Tablet PC Market is projected to grow at a CAGR of 5.5% during the forecast period: MRFR

Market Research Future (MRFR) has published a cooked research report on the “Tablet Pc Market” that contains the information from 2023 to 2030.

The Tablet PC Market is predicted to reach USD 97,474.5 million by 2030, registering a 5.5% CAGR during the forecast period, 2023–2030. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global Tablet PC market is expected to witness substantial growth during the forecast period, primarily due to increasing popularity of the laptops and tablets owing to their smaller sizes and less weight.

With features like lighter tablets, larger screens, greater graphics for gaming and streaming video, applications for bill payment, and syncing with other electronic devices for monitoring, tablet designs have drastically changed in response to consumer needs. Additionally, it is anticipated that during the projected period, the development of new gadgets with lucrative features would help the global tablet PC market. Additionally, federal regulations governing the use of tablets in schools and colleges for educational purposes, as well as the expanding use of hybrid tablets in businesses, will provide the market with a number of potential prospects over the projected period. The corporate sector's quick expansion, rising hybrid device demand, and rising tablet PC demand are what propelling the global tablet PC market's expansion. On the other hand, the future will bring about new prospects due to the acceleration of digitization, technical improvements, and improved internet connectivity.

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Segmental Analysis

The scope of the global Tablet PC market has been segmented based on component, technology, spectrum, and application.

The global Tablet PC market, in this report, has been segmented on the basis of operating system into Android, iOS, and Windows. With a revenue share of more than 50.3% in 2022, the Android category dominated the market.

The global Tablet PC market, in this report, has been segmented on the basis of Distribution Channel into Supermarkets/ Hypermarkets, Independent Retailers, and Online Sales. In 2022, the Independent Retailers held the top spot and represented about 53.5% of total revenue.

The Tablet PC market in this report has been segmented on the basis of End-User into four types, namely Individual User, Corporate User, Schools & Colleges, and Others. Corporate User held the largest market share in 2022 and is expected to register a CAGR of 5.8% during the forecast period.

Regional Analysis

Geographically, the global Tablet PC market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America led the global Tablet PC market in 2022 owing the rapid advancement in Industries in the region. Rising energy investments are likely to drive the North American market. The energy sector, which is the third largest in the US, is receiving significant investment. According to Bloomberg New Energy Finance (BNEF), the United States is expected to invest approximately USD 700 million over the next 20 years to increase renewable energy capacity, thereby increasing the market for tablet PCs in the region.

Key Players

The key players in the global Tablet PC market are Acer Inc, Apple Inc, Hewlett-Packard Company, Huawei Technologies, Lenovo Group, LG Electronics Inc, Microsoft Corporation, Nokia Corporation, Samsung Electronics Co Ltd, Realme, Xiaomi, Amazon, Fujitsu Ltd, CHUWI, Dynabook, and Others.