PORTLAND, Oregon, October 19, 2016 /PRNewswire/ --

A new report published by Allied Market Research titled, "Ultra-Mobile Devices Market by Type, Industry Vertical, and Geography - Global Opportunity Analysis and Industry Forecast, 2014 - 2022," projects that the market is expected to generate $60,703 million revenue by 2022, growing at a CAGR of 10.4% during the forecast period. Moreover, perceptible amount of portability and dual mode operations supported by ultra-mobile devices (UMD) are anticipated to drive the global market. While, North America is expected be the largest market for UMDs during the forecast period, LAMEA is estimated to depict the fastest growth rate.

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Premium UMDs constitute the highest market share due to enhanced functionality and improved processors. However, utility UMDs are estimated to portray the fastest growth since they are more affordable.

The consumer electronics segment is projected to dominate the market pertaining to increase in the number of internet users and enhanced functionality of UMDs. However, retail industry is expected to depict fastest growth rate during the forecast period.

Summary of the Ultra-Mobile Devices Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/ultra-mobile-devices-market

"North America is the most lucrative market for ultra-mobile devices pertaining to favorable price of basic and utility UMDs for major population in emerging economies such as India and China. The governments in North American countries are taking initiatives to deploy UMDs in educational institutions so that the large number of students can access effective learning contents", states Zareen Afrin, Lead Analyst, Technology & Media at AMR.

LAMEA is estimated to be the fastest growing region during the forecast period as it has the highest market share in Middle East.

Key findings of the study:  

• Utility UMDs market is expected to exhibit a remarkable growth due to proliferation in adoption among the emerging countries such as India and China.
• Consumer electronics industry contributes to the highest market share owing to the growth in number of internet users.
• LAMEA is expected to exhibit a promising growth during the forecast period.
• Industry participants focus on new product launches to improve their market share.

The UMDs market comprises dominant players such as Google, HTC Corporation, Microsoft Corporation, Apple Inc., Lenovo, Samsung, Sony, HP Development Company L.P., Dell, and ASUSTeK Computer Inc. These market players primarily focus on new product launch as their key strategies to establish their position in the market.

Summary of similar reports can be viewed at: https://www.alliedmarketresearch.com/information-&-communication-technology-&-media-market-report

About Us:   

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research