A tablet is a portable device with an LCD screen on which the user may write or conduct activities using their finger or a special-purpose pen. These tablets are equipped with mobile operating systems, and their functions are comparable to those of personal computers and smartphones. Furthermore, the rising usage of tablets in industries such as IT, healthcare, education, retail, and media & entertainment is projected to help in market expansion during the forecasted period.
A major driver of market growth is the growing adoption of BYOD
One of the key factors driving market development is the rising acceptance of the BYOD trend. One of the elements driving the adoption of the BYOD trend in businesses across industries is the rising concern of organizations to improve employee productivity. According to a 2017 Coherent Market Insights research, around 65 percent of businesses in the banking, healthcare, and IT sectors in the United States have adopted this trend in which employees utilize their own devices in the office. Thus, the usage of portable gadgets such as mobile phones, tablets, and others in the office has assisted in increasing employee productivity.
As a result, increased use of personal devices in the office will favorably contribute to the growth of the tablet industry. One of the reasons impeding the growth of the tablet industry is the high price of the tablet. Tablet prices vary depending on the operating system and features included. This issue is likely to restrict consumer adoption of tablets for personal use, since alternative, more cost-effective solutions, such as PCs, desktops, and others, are available in the market. Furthermore, the expensive repair cost of the tablet once it is broken is a problem impeding market growth.