Global Tablets Market Trends And Strategies of Major Players In the Tablets Market 2020
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The global tablets market is expected to grow from $65.96 billion in 2019 to $66.62 billion in 2020 at a compound annual growth rate (CAGR) of 1%. The slow growth rate is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, working and learning at home. The market is expected to grow to $89.39 billion in 2023 at a CAGR of 10.3%. The increasing demand for tablets in various sectors such as healthcare, education, entertainment and other industries is a key factor driving the growth of the tablets market.
The tablets market consists of sales of tablets by entities (organizations, sole traders and partnerships) that provide tablets which are portable computers that use touchscreens as their primary input. Most tablets are slightly smaller and weigh less than an average laptop. Generally, the size of a tablet screen is smaller than a laptop computer and larger than a smartphone. Only goods and services traded between entities or sold to end consumers are included.
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The global tablets market is further segmented based on product type, application and geography.
By Product Type: Detachable, Slate, Hybrid, Rugged.
By Application: Personal, Business.
By Geography: The global tablets market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, the Asia Pacific tablets market was the largest region in the global tablets market in 2019.
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Trends In The Tablets Market
Major companies operating in the tablets market are focusing on developing innovative technology solutions for tablets. Some tablets’ sensors include a proximity sensor, barometer, accelerometer, gyroscope and sensor for ambient light, liquid retina display. Therefore, making the tablets technologically advanced helps companies to sustain the competitive market.
Tablets Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides tablets market overviews, analyzes and forecasts market size and growth for the global tablets market, tablets market share, tablets market players, tablets market segments and geographies, tablets market’s leading competitors’ revenues, profiles and market shares. The tablets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.