Global Chromebooks Market To Reach USD 14.03 Billion By 2027 | CAGR: 8.2% | Reports And Data

NEW YORK, Aug. 18, 2020 /PRNewswire/ -- The Global Chromebooks Market is expected to reach USD 14.03 Billion by 2027, according to a new report by Reports and Data. Chromebooks are fundamentally lightweight substitutes for laptops/tablets that function on ChromeOS, a Linux-based operating system, which uses Chrome browser for its operations. Chromebooks are developed to manage less processor-intensive and demanding jobs and are much less expensive as compared to Windows OS/ macOS counterparts. The market is witnessing significant growth attributed to the growing emphasis by manufacturers to launch new products, e.g., Dell, in August 2019, launched the Chromebook Enterprise laptop, a 2-in-1 device in association with Google.

NEW YORK, Aug. 18, 2020 /PRNewswire/ -- The Global Chromebooks Market is expected to reach USD 14.03 Billion by 2027, according to a new report by Reports and Data. Chromebooks are fundamentally lightweight substitutes for laptops/tablets that function on ChromeOS, a Linux-based operating system, which uses Chrome browser for its operations. Chromebooks are developed to manage less processor-intensive and demanding jobs and are much less expensive as compared to Windows OS/ macOS counterparts. The market is witnessing significant growth attributed to the growing emphasis by manufacturers to launch new products, e.g., Dell, in August 2019, launched the Chromebook Enterprise laptop, a 2-in-1 device in association with Google.

Chromebook offers the benefits of lowering the cost of the software. Several persons and enterprises, employ G-Suite, a combined set of cloud-native cooperation, secure, and productivity apps with the capability to manage essential computing requirements comprising email, calendar, chatting, word processing, and spreadsheets, among others, smoothly and seamlessly at a very cheap rate of USD 6.0 per month for the basic package. Apart from G-suite, cheaper or free browser-based substitutes may also be used, such as the free online version of Microsoft Office or the entry-level plan of Office 365 that offers users with email facility and cloud-based storage for in addition to Word, Excel, OneNote, and PowerPoint, among others.

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Chromebooks come at a lower price, primarily owing to a reduction in the cost of hardware use. These devices possess no moving parts and possibly less susceptible to suffer from any sort of mechanical faults, leading to better reliability and durability, thus saving repairing costs. Moreover, a majority of the operations in a Chromebook being cloud-based, there is no requirement for any expenses on buying physical storage for taking data backup.

Additionally, Chromebooks less susceptible to antivirus attacks. The device's focus on cloud computing, and none or much less installation of the software; make it almost impossible for a virus to get installed on the system.  Besides, Chrome OS is considered one of the most operating systems available in the market and a virus protection standpoint: 'sandboxing,' 'verified boots,' and automatic periodic updates assist in the prevention of infection.

COVID-19 Impact Analysis

The COVID-19 pandemic has a substantial influence on the educational and work environments, which in turn, has led a surge in shipment volume of notebooks in the second quarter of 2020, with Chromebooks displaying a significant growth. The exponential growth in the sales of the device is owing to numerous reasons, including switching to distance learning or distance education in several nations to curb the spread of the pandemic. The education sector is a major market for Chromebooks due to the device being preferred by the student populace in regions of North America and Europe, as parents are taking utmost care, in terms of budget allocation, during the pandemic. Therefore, a significant shift in trends in the education sector is accountable for the high market demand.

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Further key findings from the report suggest

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For the purpose of this report, Reports and Data has segmented the global Chromebooks market on the basis of product type, screen type, application, and region:

Product Type Outlook (Volume, Million Units; Revenue, USD Million; 2017-2027)

Screen Type Outlook (Volume, Million Units; Revenue, USD Million; 2017-2027)

Application Outlook (Volume, Million Units; Revenue, USD Million; 2017-2027)

Regional Outlook (Volume, Million Units; Revenue, USD Million; 2017-2027)

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