Mobile Computing Market Size (2024 – 2030)

The Mobile Computing Market was valued at USD 5.15 billion in 2023. Over the forecast period of 2024-2030, it is projected to reach USD 7.1 billion by 2030, growing at a CAGR of 4.7%.

Mobile computing devices encompass compact and portable apparatuses capable of executing basic functions akin to those of a personal computer. Examples of such devices include smartphones, tablets, laptops, gaming consoles, and e-readers. Mobile computing, as a form of human-computer interaction, involves the transportation of a computer for frequent use. Within the realm of mobile computing, software, hardware, and communication technologies all play integral roles.

Key Market Insights:

Mobile computing devices can support 32-bit x86 processors and are compatible with comprehensive PC operating systems such as Windows 7, Windows Vista, Mac, or Windows XP. Featuring a diverse array of functionalities, these devices are increasingly being embraced, effectively bridging the gap between traditional laptops, PCs, and tablets. Consequently, their adoption spans across various demographics and purposes, indicating a substantial growth trajectory in the foreseeable future.

The expansion of the mobile computing devices market is primarily fueled by emerging trends and a persistent focus on continuous learning and business enhancement alongside enhanced portability. The incorporation of additional features within these devices is poised to create lucrative opportunities within the global market. Technological advancements coupled with the rising disposable income among consumers are anticipated to significantly impact the revenue growth of the mobile computing devices market

Mobile Computing Market Drivers:

Increasing use of technology in different sectors drives market growth.

Over the past few years, the market has experienced notable growth owing to the widespread adoption of mobile computing devices across various end-use sectors. These devices serve as a crucial bridge between traditional laptops, PCs, and tablets, offering a diverse range of capabilities that drive their increased utilization. Particularly, devices equipped with features such as cloud connectivity, mobility, and enhanced portability are significantly propelling the market forward. Consequently, mobile computing devices are being embraced widely, catering to a variety of needs across all age demographics, with substantial growth anticipated during the forecast period.

Moreover, the projected rise in disposable income among consumers is expected to further fuel market growth. Within this context, the market for mobile computing devices is being invigorated by the escalating activities in the gaming and online retailing sectors. The rapid expansion of the e-commerce industry is notably driving the demand for mobile computing devices. Additionally, heightened consumer awareness regarding new technologies is contributing to the expansion of the mobile computing devices market in this region.

Increasing Application of 5G and IoT Services drives market growth.

Industry 4.0 is ushering in a wave of fresh and promising opportunities for the deployment of Multi-Access Edge Computing (MEC) platforms. These platforms play a pivotal role in transitioning from legacy systems to intelligent components and machines, thereby facilitating the establishment of digital factories and fostering an interconnected ecosystem of plants and enterprises. Within the realm of industrial automation, the Internet of Things (IoT) stands to reap significant benefits from the advent of 5G services. The framework to support this sector is presently under definition within 3GPP, with influences from Industry 4.0 initiatives and industry organizations such as 5G-ACIA. This segment is poised to be tailored specifically for 5G applications, catering to local area use cases and the deployment of private networks.

In the healthcare domain, IoT solutions enable healthcare providers to remotely monitor patient health through interconnected medical devices, facilitating real-time data collection and extending access to continuous monitoring and analysis. The healthcare industry is experiencing a surge in the adoption of 5G services. Furthermore, energy and utility companies are at the forefront of driving advancements in business models, services, and collaborative partnerships centered on the utilization of 5G technology.

Mobile Computing Market Restraints and Challenges:

Data Breach and Network Connectivity Issues hurt the market.

A significant constraint impacting the market for mobile computing devices is the risk of data breaches. The prevalence of inadequate network connectivity in numerous regions globally hampers users' ability to fully utilize the advanced features of mobile computing devices.

High Cost and Battery Drawbacks restrain market growth.

The mobile computing devices market faces a notable challenge over the forecast period due to the higher production costs and lower battery life associated with these devices.

Moreover, this report on the mobile computing devices market offers comprehensive insights into recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and the impact of both domestic and localized market players. Additionally, it delves into opportunities arising from emerging revenue pockets, changes in market regulations, strategic growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations within the market.

Mobile Computing Market Opportunities:

The rising investment levels allocated by organizations towards research and development initiatives are anticipated to create lucrative prospects for the market, thereby augmenting the growth rate of the mobile computing devices market in the foreseeable future. Furthermore, the proliferation of technological advancements by market players presents numerous growth opportunities within the market landscape.

MOBILE COMPUTING MARKET REPORT COVERAGE:

Mobile Computing Market Segmentation - By Type

• Smartphones

• Tablets

• Laptops

• Wearable Devices

• Others

Smartphones currently hold a dominant position within the market, while Wearable Devices emerge as the fastest-growing segment. Modern wearable technology encompasses a diverse range of applications, including smartwatches, fitness trackers like the Fitbit Charge, VR headsets, smart jewelry, web-enabled glasses, and Bluetooth headsets.

Mobile Computing Market Segmentation - By End User

• Consumer

• Industrial

• IT and Telecommunications

• Manufacturing

• Transportation and Logistics

• Defense and Government

• BFSI, Retail

• Energy and Utilities

• Healthcare

• Others

The media and entertainment sector currently holds the largest market share and is anticipated to grow at a compound annual growth rate (CAGR) of 69.3% throughout the forecast period. A burgeoning technology within the industry is cloud gaming, enabling users to stream high-end games seamlessly across handheld devices such as laptops, tablets, and mobiles, provided they have fast network connectivity, and thereby obviating the need for a dedicated gaming console or PC. Although the platform faces challenges regarding internet speed, hindering ultra-low latency gameplay, mobile computing offers a solution by utilizing numerous small data hubs deployed in closer physical proximity instead of relying on a single distant server. This approach enables gamers to conserve device processing power, resulting in a swifter gaming experience as data transfer to and from a central server is circumvented. These factors are pivotal in propelling the expansion of this segment.

Mobile Computing Market Segmentation- by region

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Africa

North America dominates the mobile computing devices market, primarily due to the increasing usage of mobile devices and the continuous advancements in technology within the region. Additionally, the presence of robust technology infrastructure in the U.S. and Canada is expected to further fuel market expansion over the forecast period.

In Asia-Pacific, significant growth is anticipated during the forecast period, driven by rapid industrialization and urbanization in the region. Furthermore, the rise in online retailing and gaming activities serves as a significant contributor to the expansion of the regional market.

Europe holds approximately 19% of the global market share. The region is experiencing growth propelled by increasing disposable income and the flourishing IT, telecommunication, and electronics industries, particularly in Germany. This growth trajectory is driving the expansion of the mobile computing devices market in Europe.

Moreover, the demand for low-latency processing and real-time automated decision-making solutions is augmenting market growth in the region. This demand is fueled by the rapid increase in mobile data traffic, the proliferation of interconnected devices, and the imperative to enhance end-user Quality of Experience (QoE).

COVID-19 Pandemic: Impact Analysis

The outbreak of COVID-19 had a significant impact on the mobile computing devices market, disrupting businesses worldwide. Governments enforced lockdown measures, compelling a majority of the population to stay at home. Consequently, many individuals, organizations, and educational institutions adopted a work-from-home policy.

During the pandemic, there was a notable increase in global imports of mobile phones, driven by the surge in demand for online classes and remote work. This increased demand, particularly in emerging markets, led to a rise in mobile device production amidst the COVID-19 pandemic.

Furthermore, the COVID-19 pandemic accelerated the deployment of high-speed network technologies such as the 5G network. This rollout is expected to heighten the demand for ultra-mobile devices in the market, consequently accelerating the expansion of the mobile computing devices industry, driven by the anticipated rise in demand for various applications.

Latest Trends/ Developments:

In July 2022, Honeywell International, Inc. unveiled the CT45 and CT45 XP mobile computers, versatile productivity tools designed to streamline the sorting, picking, and delivery processes for online orders by employees. These portable devices feature Qualcomm Technologies, Inc.'s IoT mobile solutions and are compatible with Android 13.

Key Players:

These are top 10 players in the Mobile Computing Market: -

1. HTC Corporation (Taiwan)

2. Acer Inc. (Taiwan)

3. Google Inc. (U.S.)

4. Apple Inc. (U.S.)

5. Dell Inc. (U.S.)

6. ASUSTeK Computer Inc., (Taiwan)

7. Sony Corporation (Japan)

8. Accenture (Ireland)

9. Microsoft (U.S.)

10. Honeywell International, Inc. (U.S.)