According to the business intelligence report titled ‘Global Tablet Market Size study, by Types (Hybrid, Convertible, Slate, Rugged) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global tablet market is projected to grow significantly between 2021-2027.
 

Availability of varied designs, strong battery life, ease of carriage, and surging demand are the key factors driving global tablet market growth. Rising need for tablets in industrial, commercial, and education verticals will aid revenue inflow as well.
 

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As per Statista, demand for laptops is expected to drop to 272 million units by 2025 from 277 million units in 2021 due to rising demand for tablets. Tablet penetration rate increased to 52% in the United Kingdom and reached 64%% in the United States in 2020.
 

Moreover, reduced size of tablets, long battery life, and growing innovations will propel industry growth as well. While higher portability of tablets as compared to PCs or laptops has boosted the market demand, high price, competition from industry leaders, and low input speed of tablets will act as challenges for businesses operating in this domain.
 

Based on type, worldwide tablet industry is split into hybrid, slate, convertible, and rugged. Market share held, sales amassed, growth rate, valuation and revenue garnered by each of these segments is given in the research document.
 

Considering the geographical scope, North America, Europe, Asia Pacific, and Latin America are the regions contributing to the overall market remuneration. Asia Pacific held majority of global tablets market share in the recent past due to increasing technological advancements. Meanwhile, North America market is projected to expand rapidly between 2021-2027, owing to presence of a substantial number of leading players throughout the region.
 

Key players formulating the competitive landscape of worldwide tablet market are LG Electronics Inc., ASUSTek Computer Inc., Apple Inc., Hewlett-Packard Company, Samsung Electronics Co. Ltd., Microsoft Corporation, Lenovo Group Limited, Google LLC, Acer Inc., and Amazon.com Inc.
 

Crucial information pertaining to the listed companies such as their profit margins, product catalogue with specifications, revenues garnered, sales amassed, and strategic decisions such as partnerships and alliances are also covered in the research document.