Tablet Industry to witness astonishing growth by 2027

 Market Overview

A tablet computer or also referred to as a tablet is a wireless personal computer integrated with a touchscreen interface and sometimes available with the option of a stylus. It is larger than a smartphone though it is smaller than a laptop or notebook. Tablets are available in different designs, sizes, features, and types are based on different operating systems namely Android, iOS, and Windows. The standard screen size for tablets is around 7 inches or longer, which may or may not support cellular networks. Tablets provide a variety of functions including smart business, entertainment, office computing, web browsing, and more. Tablets can be segmented based on various operational use such as detachable and slate tablets.

The global Tablet Market was estimated to account for US$ 280,391.8 Mn in terms of value and 550.9 Mn Units in terms of volume in 2019 and is expected to grow at CAGR of 20.6% for the period 2019-2027

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Market Dynamics

Increasing growth of the global business enterprise, owing to rampant economic development in emerging economies are major factors propelling the global table market growth. Furthermore, tablet aids in augmenting business setups, owing to different advanced and beneficial features offered by major vendors. For instance, in July 2015, according to Coherent Market Insights' analysis, increasing share of tablets is deployed across the U.K., French, and German companies. A paradigm shift in consumer preference for tablet devices has been observed in the recent past. Primarily used for entertainment purposes, tablets started gaining traction in a variety of applications due to technological advancements thereby changing usage patterns among consumers. Currently, tablets are being used for various applications in numerous sectors including education, corporate, personal, commercial, etc. Furthermore, tablet designs have changed significantly according to consumer demands, which include features such as lightweight devices and enhanced screen resolution and size, augmented graphics for gaming and video streaming, and apps to enable payment of bills or syncing with other electronic devices for control and monitoring purposes. Moreover, advent of new improved models with lucrative features is expected to boost the global tablet market growth during the forecast period.

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Key companies covered in the Global Tablet Market includes Acer Inc., Asustek, Apple Inc., Xiaomi, Samsung, Lenovo Group Limited, Google Inc., Sony Corporation, Toshiba and Huawei Technologies Co. Ltd.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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