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The Global Notebook Market Growth Accelerated By Increased Demand For Portable Computing Devices

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Ashish Thapa
The Global Notebook Market Growth Accelerated By Increased Demand For Portable Computing Devices

Notebook computers, also known as laptops or laptop computers, are portable personal computers with an integrated screen and keyboard. Notebook computers provide users increased mobility and flexibility compared to desktop computers as they can be easily carried and used anywhere due to their compact size and lightweight design. Notebook computers are ideal for professionals, college students, and general users looking for easily portable personal computing devices.


The Global Notebook Market is estimated to be valued at US$146.02 billion in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends


Increased demand for portable and lightweight computing devices is expected to significantly drive growth of the global notebook market over the forecast period. The demand for notebooks is growing rapidly as they provide more flexibility in terms of usage and mobility compared to desktops. The rising trend of bringing-your-own-device (BYOD) in various organizations is further supporting the growth of the notebook market. BYOD policies allow employees to use their personal devices including notebook computers for work purposes. The availability of high-performance and affordable notebooks is encouraging adoption among consumers and enterprises. Continuous innovations and advancements in technology such as thinner and lighter designs as well as longer battery life are further accelerating demand for notebooks globally.


Segment Analysis


The global notebook market is dominated by the consumer segment. Within the consumer segment, gaming notebooks sub-segment commands the largest share due to rising focus of OEMs on launching high-performance devices for gaming. Gaming notebooks are witnessing high demand among professional eSports players and casual gamers alike owing to their powerful configuration and affordability.


Key Takeaways


The Global Notebook Market Share is expected to witness high growth over the forecast period. Notebook sales increased significantly during the pandemic fueled by work from home and online learning trends. However, as lockdowns ease and more people return to offices and educational institutions, demand is stabilizing. The global Notebook Market is estimated to be valued at US$146.02 billion in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030.


North America currently holds the largest share in the global Notebook market driven by high acceptance of advanced technologies. Early adoption of premium technologies makes the United States the dominant country in the region. Asia Pacific is projected to be the fastest growing regional market for notebooks during the forecast period. Significant economic development and increasing disposable incomes are enabling greater spending on consumer electronics in countries such as China, India. Lenovo, HP, and Dell enjoy a strong presence in Asia's emerging markets and are expanding their manufacturing and retail networks to tap the growth potential.


Key players

Key players operating in the global Notebook market are HP Inc., Dell Technologies Inc., Lenovo Group Limited, Acer Inc., Apple Inc. HP dominates notebook sales worldwide led by strong brand recognition and diverse product portfolio. Lenovo has emerged as a strong competitor by offering cutting-edge technology and design in mainstream and premium segments. 


Get More Insights On This Topic: https://www.ukwebwire.com/the-global-notebook-market-is-expected-to-driven-by-rising-need-share-analysis/


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