Chromebook sales are expected grow 79 percent to 5.2 million units in 2014, said Gartner.
By 2017, Chromebook sales are estimated to reach 14.4 million units.
Acer and Samsung were the first PC vendors to sell Chromebooks in 2011.
Samsung led the Chromebook market in 2013 by selling 1.7 million units globally. Acer was on the second place with 21 percent market share in 2013. HP with 6.8 percent of the market share was number 3. It was the first vendor to launch a 14 inch display Chromebook.
Isabelle Durand, principal analyst at Gartner, said: “Since PC market is not growing strongly, vendors are searching for new business opportunities. They launched Chromebooks to revive interest in sub-$300 portable PCs once the netbook bubble had burst.”
According to Gartner, the education sector accounted for nearly 85 percent of Chromebook sales in 2013, 82 percent of which was sold in North America. 2.9 million Chromebooks were sold in 2013 which makes North America major Chromebook market worldwide.
Besides the education sector, the Chromebooks can also be useful in businesses for specific workers, such as staff in banking, financial services, estate agents and hotel receptionists.
The demand of Chromebooks and similar devices can increase if more users work together in the cloud. Cloud computing encourages sharing of content among the users.
Chromebook will be in a comfortable position in the market for the next five years. Gartner suggests that vendors need to offer better features that address cloud-based usage patterns such as faster connectivity, faster memory access, faster and larger solid-state drives, and strong user support in the education, business and consumer segments.