The worldwide smart connected device market expanded by 27.1 per cent year-over-year during the third quarter of 2012, it has been reported.
Research conducted by International Data Corporation (IDC) indicates 303.6 million shipments were made between July and September.
As such, the value of the market - which includes PCs, tablets, and smartphones - rose to $140.4 billion (£87.6 billion).
IDC said that expectations for the holiday season quarter are that shipments will continue to reach record levels.
The IT analyst expects to see a 19.2 per cent rise compared to Q3 2012, and a 26.5 per cent increase on the equivalent quarter last year.
Q4 2012 shipments are expected to reach 362 million units, with a market value of $169.2 billion.
Christmas season growth will be driven by tablets and smartphones, which are expected to grow 55.8 per cent and 39.5 per cent year-over-year respectively.
However, PCs are forecast to decline slightly from this quarter a year ago as mobile devices become increasingly prominent within the home and business worlds.
"Both consumers and business workers are finding the need for multiple 'smart' devices and we expect that trend to grow for several years, especially in more developed regions," said Bob O'Donnell, program vice president for clients and displays.
"The advent of cloud-based services is enabling people to seamlessly move from device to device, which encourages the purchase and usage of different devices for different situations."
By 2016, IDC expects there to be 2.1 billion connected mobile device shipments, with the global market reaching a value of $796.7 billion.
Posted by Alex Boardman