Tablet Market Predictions Mention Continued Growth of Detachables Through 2026, Models Below 8 Inches Also Growing
A series of predictions and stats related to the tablet market and provided by Research and Markets came up online today, as part of the “Tablet Market: Global Industry analysis and Opportunity Assessment” study, covering the time frame 2016-2026. It reveals the biggest players of the decade and some trends to look out for.
It would appear that the tablet market is in for a CAGR of 20.6% as far as value goes and 9.1% as far as volume during the forecast period is concerned. The growing adoption of e-commerce as the mainstream distribution channel is mentioned, together with the rise of Android-based tablets, that are said to let the global tablet market value grow over the next decade. As far as value goes, the global tablet market is anticipated to receive an incremental bump during the period.
It’s all caused by the overall increase in income for all consumers and also emerging markets like India, China and Brazil will their penchant for tablet purchase. There’s also an important “strategic shift” in tablet usage, as they’re no longer tools for entertainment, but also for official purposes and e-commerce transactions. Detachables were valued at $78 billion as a segment at the end of 2016 and by 2026 they’ll be worth $596 billion.
Meanwhile Android will rule the tablet segment by the end of the next decade and the sub 8 inch screen size segment will have a high CAGR during the forecast time frame. Exciting times ahead!