DUBLIN, Feb .16, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/x8fd5v/global_smartphone) has announced the addition of the "Global Smartphone Market 2015-2019" report to their offering.
The Global Smartphone market to grow at a CAGR of 8.1% over the period 2014-2019
A smartphone is a mobile device with more advanced functionalities and features compared to cellphones. A smartphone's hardware and software specifications are meant to perform functions such as web browsing, capturing high-quality images, and playing HD videos. A smartphone can install various applications that can perform several advanced functions. Smartphones have become popular because of their many capabilities and are often used for communication and online activities. Advances in technology have led to smartphones being more compact and cheaper than other mobile devices such as tablets, phablets and PDAs.
One of the major trends upcoming in this market is increase in demand for large-screen size smartphones. With the emergence of new technologies such as cloud computing, virtualization, and deployment of next-generation LTE wireless networks such as 3G and 4G, consumers are actively browsing the internet, playing games, and watching videos on their smartphones, driving the demand for smartphones worldwide.
According to the report, one of the major drivers of the market is the declining average selling price of smartphones. Smartphone prices have been constantly reducing in the market, which is making them more affordable, and is expected to lead to their increased adoption during the forecast period of 2014-2019.
Further, the report states that one of the key challenges in the market is the high production cost. The intense competition in the market forces smartphone vendors to make large investments that eventually affect profitability. Marketing and R&D are the two major spending areas leading to the high cost of production.
Key Vendors
- Apple
- Huawei Technologies
- Lenovo Group
- LG Electronics
- Samsung Electronics
Other Prominent Vendors
- Asus
- Coolpad
- Gionee
- HTC
- Micromax
- OnePlus
- Sony
- TCL Communication Technology
- Xiaomi
- ZTE
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Industry Overview
- Market Landscape
- Market Segmentation by Application
- Market Segmentation by Screen Size
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Market Summary
For more information visit http://www.researchandmarkets.com/research/x8fd5v/global_smartphone
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
