The global mobile computing devices market is forecasted to be appraised at USD 428,120 million by 2033, up from USD 303,502.3 million in 2023, advancing at a CAGR of 3.5% during the forecast period.
The sales of mobile computing devices are expected to rise as these devices provide the complete functionality of a PC and the portability of a tablet.
| Attributes | Details |
|---|---|
| Mobile Computing Devices Market Value (2023) | USD 303,502.3 million |
| Mobile Computing Devices Market Anticipated Value (2033) | USD 428,120 million |
| Mobile Computing Devices Projected Growth Rate (2023 to 2033) | 3.5% |
The internet and the web play an important role in bolstering the demand for mobile computing devices, as enterprises are gradually shifting their focus to offer customers customized products in accordance with their preferences.
Mobile computing devices can support 32-bit x86 processors and can run a complete PC operating system such as Windows 7, Windows Vista, Mac, or Windows XP. They are available in a diversified range of features that are leading to increased adoption of mobile computing devices as it is bridging the gap between traditional laptops, PC, and tablets. Therefore, mobile computing devices are adopted diversely, for multiple purposes, across all age groups, and are likely to witness significant growth in the upcoming years.
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The mobile computing devices market growth is primarily driven by an increase in trends and continuous learning & enhancement of business and extended portability. The integration of extra features in the devices is expected to create lucrative opportunities in the global mobile computing devices market. It is expected that technological innovations and the increasing disposable income of the population are likely to have an impact on the growth of market revenue for mobile computing devices.
The application of mobile computing devices starting from retailers to healthcare sectors is enabling mobile computing devices vendors to launch multi-featured, cost-effective devices, which is driving the market size of mobile computing devices. Mobile computing devices include laptops, smartphones, tablets, e-readers, and other which not only fulfill the requirements of the customers as per the purpose, but also offer functions like scheduling meetings, emails, weather reports, and many more that helps in a detailed analysis of customer behavior and interpretation of the communication.
The integrated technological innovations provided by mobile computing devices act as strategic enablers and add functional value to the business. Several organizations are adopting mobile computing devices to ensure quick deployment with an immense impact on their business performance. The pace of adoption of mobile computing devices across a diversified range of organizations is expected to drive the market during the forecast period.
With the use of mobile computing devices, organizations can make decisions efficiently. There is a growing demand for rugged computers in military applications owing to technological advancements, which are encouraging the global mobile computing devices market. Therefore, it is anticipated that these factors are likely to drive the demand for mobile computing devices in the forecast period.
Enterprises are also facing certain challenges that might hinder the growth of the mobile computing services market. Data breaching is one of the prime factors that is limiting the adoption of mobile computing devices.
For utilization of the advanced features of mobile computing devices, better connectivity of the network is required and in most developing countries there is a lack of advanced wireless networks. This factor is likely to retrain the growth of the mobile computing devices market. The higher cost of production and lower battery life of mobile computing devices is also key factor restraining the growth of the mobile computing devices market globally.
At present, North America accounts for 33% of the total mobile computing devices market, owing to the high usage of mobile devices among the population. This is attributed to emerging technologies, falling prices of consumer electronics, industrialization, and government initiatives in these regions.
Currently, more than 630,000 manufacturing companies in the United States adopt mobile computing and buy new PDAs as old ones are withdrawn from the market. There are more warehouses in the United States owing the rise in online shopping. The demand for mobile phones and handheld devices like PDAs is anticipated to increase as a result. The emerging markets in these regions offer a huge potential customer base, which is attracting global manufacturers to the region.
Europe accounts for nearly 19% of the global market share. The rise in disposable income and the blooming of IT and telecommunication industries, along with the electronics market in Germany is expected to grow at a significant rate, which is driving the growth of the mobile computing devices market in this region.
The region’s market expansion is aided by the demand for low-latency processing and real-time automated decision-making solutions as a result of the quickly rising mobile data traffic, the growing number of interconnected devices, and the need to improve end-user Quality of Experience (QoE).
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The key players in the mobile computing devices market are:
Key Trends and Notable Developments in the Mobile Computing Devices Market
Some of the key developments in the mobile computing devices market are:
Eurocom released the EUROCOM Raptor X17 fully upgradeable Mobile Supercomputer in July 2023, operated by an Intel Core i9-13900HX microprocessor with 24 cores and thirty-two threads and NVIDIA GeForce RTX 4090 visuals with 16GB DDR6.
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 3.5% from 2023 to 2033 |
| Mobile Computing Devices Market Value (2023) | USD 303,502.3 million |
| Mobile Computing Devices Market Anticipated Value (2033) | USD 428,120 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Industrial Vertical, Region |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Apple Inc.; HTC Corporation; Google Inc.; Dell Inc.; Sony Corporation; ASUSTeK Computer Inc.; Lenovo; HP Development Company, L.P.; Microsoft Corporation; Samsung Electronics Co., Ltd.; Acer |
| Customization & Pricing | Available Upon Request |
The market in United States is projected to expand at 3.7% CAGR during the forecast period.
Europe accounts for nearly 19% of the global market share
At present, North America accounts for 33% of the total mobile computing devices market
The mobile computing devices industry is projected to have a CAGR of 3.5% by 2033.
The mobile computing devices market is expected to have a valuation of US$ 428,120 million by 2033.
| Market Size (2023) | USD 44.2 billion |
|---|---|
| Market Size (2033) | USD 258.87 billion |
| Market Value CAGR (2023 to 2033) | 19.3% |
| Market Size (2023) | USD 52.15 billion |
|---|---|
| Market Size (2033) | USD 107.48 billion |
| Market CAGR (2023 to 2033) | 7.5% |
| Estimated Market Value (2022) | USD 102.1 Billion |
|---|---|
| Projected Market Value (2032) | USD 544.6 Billion |
| CAGR% (2022 to 2032) | 18.2% |
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Mobile Computing Devices Market
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