Site icon MacTech.com

UK tablet market to grow at CAGR of 31.88%

iPad2Small.jpg

Tablet computers emerged as a revolutionary gadget in the consumer electronics markets with the launch of the iPad by Apple in mid-2010. In 2011, the global tablet computer market reached US$35.3 Billion, which is expected to grow further till 2016, reports Research and Markets (http://www.researchandmarkets.com).

The UK tablet market is anticipated to grow at the CAGR [compound annual growth rate] of around 31.88%, according to the research group. Tablet computers have filled the gap perfectly between a notebook computer and a smart phone, according to Research and Markets.

The global and UK tablet markets are growing at the much faster pace than anticipated initially. The lower market penetration with increasing consumer acceptance is driving the industry growth exponentially. New entrants are experimenting to differentiate their product by adding joysticks, keyboards, stylus, brushes and changing the size to attract more and more customers, according to Research and Markets.

Exit mobile version