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TMCNet:  Research and Markets: Global Smartphones Market 2014-2018: Combination of Various Emerging Trends and Drivers is Expected to Propel the Growth of the Market

[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 forecast period.

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

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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