Despite the current global economic conditions, mobile computing devices continue to see surging demand -- resulting from sleeker designs, new form factors, and pent-up business demand.
Mobile computing devices -- including tablets, netbooks, smartbooks and notebook PCs -- will grow at a 19.1 percent CAGR through 2014 and account for over 400 million units, according to the latest market study by In-Stat.
"While there will be a battle for the lower-end Internet-centric devices like tablets and netbooks, notebooks will continue to be the overall demand driver as consumers focus on lighter and lower-cost PCs and businesses continue to transition to mainstream and high-performance mobile platforms," says Jim McGregor, Chief Technology Strategist at In-Stat.
In addition, demand for mobile computing is coming from both developing and industrialized regions.
In-Stat's market study found the following:
- Tablets will record the highest CAGR of 123.6 percent through 2014.
- Notebook shipments will reach 291 million units in 2014 and account for 52 percent of the computing market.
- Asia-Pacific will lead all regions in growth, surpassing 36 percent of the total market in 2014.