|[March 24, 2014]
Research and Markets: Global Smartphones Market 2014-2018: Combination of Various Emerging Trends and Drivers is Expected to Propel the Growth of the Market
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/qj2hqn/global)
has announced the addition of the "Global
Smartphones Market 2014-2018" report to their offering.
The analysts forecast the Global Smartphones market will grow at a CAGR
of 15.3 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the declining ASP of smartphones.
The Global Smartphones market has also been witnessing increasing demand
for large-screen smartphones. However, the high production cost could
pose a challenge to the growth of this market.
The key vendors dominating this space are Apple Inc., Huawei (News - Alert)
Technologies Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., and
Samsung Electronics Co. Ltd.
The oher vendors mentioned in the report are Coolpad Group Ltd., Google
Inc., HTC Corp., Intel Corp., Nokia Corp., Sony Mobile Communications
AB, TCL Communication Technology Holdings Ltd. (News - Alert), and ZTE Corp.
Commenting on the report, an analyst from the team said: the Global
Smartphones market is expected to witness significant growth due to some
emerging trends that are likely to have a positive impact on market
growth over the next few years. One such trend is the increasing demand
for large-screen smartphones. With the emergence of new technologies
such as cloud computing, virtualization, and the deployment of
next-generation LTE (News - Alert) wireless networks such as 3G and 4G, consumers are
able to browse the internet, play online games, and watch videos on
their smartphones, thereby driving the demand for large-screen
smartphones worldwide. Thus, the combination of various emerging trends
and drivers is expected to propel the growth of the market during the
According to the report, one of the major drivers is the declining ASP
of smartphones. The prices of smartphones have been constantly
decreasing, so they are becoming more affordable to a broader consumer
base, which has resulted in a high demand for smartphones in recent
years. These lower prices have also increased the adoption of
smartphones in emerging markets such as India and China.
For more information visit http://www.researchandmarkets.com/research/qj2hqn/global
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