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August 26, 2019 | PRNewswireEstimated reading time: 1 minute
9 Billion, driven by a compounded growth of 8.7%. Portable, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over $5.3 Billion by the year 2025, Portable will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 7.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over $168.1 Million to the region's size and clout in the next 5 to 6 years.
Over $354.7 Million worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, Portable will reach a market size of $215.5 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.4% over the next couple of years and add approximately $1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
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