Ankit Jain - ContactCenterWorld.com Blog
The growing adoption of hybrid devices for enterprise mobility and the high demand for devices with enhanced battery performance have catapulted the growth of the global hybrid device market. Hybrid devices are lighter in weight, which makes them extremely mobile in nature. Faster navigation with the help of a touchscreen or stylus and capturing and storing personalized inputs such as scientific equations and diagrams are some of the key benefits offered by hybrid devices. As a result, hybrid devices are being increasingly used to perform business-related tasks. Furthermore, hybrid devices can be used for both work and for entertainment. The global hybrid device market is anticipated to expand at a CAGR of 20.8% during the period between 2015 and 2022. The overall market was worth US$5.1 bn in 2014 and is projected to reach a valuation of US$31.8 bn by 2022.
How is the competitive landscape of the global hybrid device market evolving?
Some of the key players in the global hybrid device market are Lenovo Group, Microsoft Corporation, Samsung Corporation, ASUSTeK Computer Inc., Hewlett-Packard Development Company, Acer Inc., Dell Inc., Fujitsu Ltd., Toshiba Corporation, and LG Corporation.
The launch of Windows 10 has been particularly helpful for Microsoft Corporation to expand its business in the hybrid device market. Initially, it was Microsoft’s decision to create an operating system that could work on both traditional PCs and touchscreen devices. However, the company’s first such attempt by building Windows 8 led users to switch to alternatives such as Apple’s MacBook and Google’s Chromebook. In Windows 10, Microsoft has closed the loopholes that were identified in Windows 8. With the global hybrid device market soaring, the share of Microsoft in the market is anticipated to significantly increase in the years to come.
Detachable or convertible - which hybrid device is more in demand?
Owing to their high portability and mobility, detachable hybrid devices have emerged as the most preferred devices in the global hybrid device market. Mobility, flexibility, and dual functionality in a single device are the key features of detachable hybrid devices and hence, this device segment is anticipated to register noticeable growth in the near future.
What is the scope of growth of the global hybrid device market across the telecom and IT sectors?
The key end-use industries in the global hybrid device market are personal use, retail, healthcare, telecom and IT, educational institutes, and others including transportation, banking, and government sectors. Though the demand for hybrid devices for personal use has been rather high, the growing adoption of enterprise mobility and hybrid devices across the telecom and IT industry has significantly pushed the growth of the overall hybrid device market. In fact, in terms of volume shipments, the telecom and IT sector is anticipated to register the highest growth in the market in the coming years.
Publish Date: June 24, 2016 7:49 AM
The rising concept of internet of things (IoT) is creating a world connected through the internet. The rising demand for IoT is driving the market for smart phones and tablets and other smart consumer devices. With the rising demand of smart electronics, a lot of data is required to be stored which can be accessible from anywhere across the globe. This led to the concept of cloud storage and big data. Apache Hadoop is a part of big data which focuses on storing the files and processing the data. Most of this data generated in different industry processes is unstructured and thus organizations are looking for a tool that could handle this unstructured data appropriately. Increased corporate spending to manage unstructured data has boosted the popularity of Hadoop.
The Hadoop market has been segmented by types and end use industries. By type, the global market has been categorized into software, hardware and services. Based on end use industry segmentation, the market is categorized into Banking, Financial services and Insurance (BFSI), retail, telecommunication, media entertainment, manufacturing, natural resources, trade and transport, government, IT & IT-Enabled Services (ITES) and others.
In terms of type of Hadoop, the services sector is expected to witness the largest growth. The rising concept of business outsourcing to reduce the operational cost is driving the global Hadoop Market. In addition, the IT and ITES sector held the largest market share globally in 2014. The dominance of segment is attributed to the fact that this sector generates huge amounts of unstructured as well as structured data. Most IT companies are developing their own Hadoop solutions to manage their data and provide solutions to consumers. Furthermore, ITES sector such as research and development and Business Process Outsourcing (BPO) among others are also contributing in generating massive amounts of data. Thus, Hadoop is providing solutions in both the IT and ITES sector to manage the large volume of data generated.
The other sectors that are contributing to growth of Hadoop market include the Banking, Financial services and Insurance (BFSI), retail, telecommunication and Government sectors among others. The government is utilizing the technology of Hadoop to process the large data related to demography. In addition, the rising concept of smart cities is also creating a need to integrate Hadoop. There is growing demand for Hadoop-based big data analytics tool to manage massive amount of data generated. Thus, the tremendous increase in the amount of data generated through different sources is fuelling the growth of Hadoop. Furthermore, Hadoop cloud services is the most attractive market as it is a cost effective solution compared to installing hardware systems in existing data centers. Current development in cloud based services such as Hadoop-as-a-Service (HaaS) represents a remarkable growth opportunity for vendors to cater requirements of small and medium-sized enterprises (SMEs), which are looking for an affordable and efficient tool to effectively handle huge amount of data generated during processes.
Most organizations including the BFSI sector are concerned about safety issues related to data generated during transactions and business processes. During the forecast period, Hadoop is likely to provide a more secure platform to BFSI sector. Moreover, Hadoop is being developed by most of the major IT players and the project is at maturity stage. Once the project is ready for application, the enterprises are expected to adopt Hadoop gradually as it is cost effective and offers faster data processing. Furthermore, the price of Hadoop storage systems is falling rapidly which is helping the small and medium enterprises to adopt the services easily. The storage segment has been categorized into 1 to 100 terabytes, 1 to 10 petabytes and above 10 petabytes. As of 2014, the 1 to 10 petabytes segment was the largest market segment and expected to dominate the market through the forecast period.
The leading players in the Hadoop Market include Cloudera, Inc., Hortonworks, Inc., MapR Technologies, Inc., IBM Corporation, EMC Corporation, Cisco Systems, Inc., Karmasphere, Inc., Pentaho, Zettaset, Inc. and Teradata Corporation among others.
Publish Date: June 23, 2016 8:37 AM