Revenue Growth of USD 2401.3 Mn is forecasted for US-Tablets Market through 2023-2027
US-Tablets Market is estimated to grow at a CAGR of 4.28% between 2022 and 2027 followed by a humongous revenue growth of USD 2,401.3 million. The market segmentation is extensively classified by distribution channel (offline and online) and type (hybrid, convertible, slate, and rugged).
Some of the leading companies that are equally attributing to this market expansion are BBK Electronics Corp Ltd, BlackBerry Ltd., Chuwi Innovation Ltd., Dell Technologies Inc., HP Inc., HTC Corp., Lenovo Group Ltd., LG Corp., Micromax Informatics Ltd., Microsoft Corp., Nokia Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., etc that comes with a wide range of features and product innovations.
As per Technavio’s Analyst, “Technological advancement increasing preference toward virtual learning, followed by the rapid penetration of Internet-enabled devices, and the growing use of tablets in educational institutions has propelled this market growth” ~ Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Snapshot of US-Tablets Market Analysis
Advancements in Technology and increasing preference toward virtual learning are the primary catalysts of market growth. The ease of online tutoring allows teachers/instructors to teach from flexible locations using devices such as tablets. Virtual learning also gives students the convenience of taking notes and copying and pasting information for use in reports and analyses.
The pervasiveness of technology in the education sector is affecting many aspects, advances in technology like interactive whiteboards (IWB), augmented reality (AR), and virtual reality (VR) have enhanced learning and learning experiences outside the classroom. Thus creating a significant market demand for tablets in the market landscape.
Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers with competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Download our data-backed sample report for more insights.