Ultra-mobile devices (UMD) are on the verge of becoming mainstream from being a niche product category, according to a new report from Transparency Market Research (www.transparencymarketresearch.com).

Their sales are soaring with companies banking on new product launches to entice the rising crop of tech savvy consumers, according to the research group. A prominent characteristic of the global ultra-mobile devices market is the presence of numerous suppliers for similar components which makes it easier for buyers to switch suppliers at low costs.

Transparency Market Research forecasts the global ultra-mobile devices market to rise at a CAGR [compound annual growth rate] of 6.1% during the period between 2017 and 2025 to become worth $267.37 billion by 2025. That’s up from $157.10 billion in 2016.

The different types of ultra-mobile devices purveyed in the market are tablets, laptops, convertibles, and detachables. Among them, the convertible ultra-mobile devices gross maximum revenue in the market. In 2016, the segment’s leading share was around 28%. In the years ahead too, the segment is predicted to expand its leading share by growing at a healthy clip, according to Transparency Market Research.