Smart Phone Market Global Growth Forecast at 11.2% CAGR to 2020 Dominated by Asia-Pacific Region
“Global Smart phone Market” newly adds in ReportsWeb.com database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification.
(EMAILWIRE.COM, May 03, 2018 ) The global smart phone market is expected to reach USD 698.4 billion by 2020, with a CAGR of 11.2%. The global smart-phone market is dominated by Asia-Pacific region with 40.7% market share, followed by Europe with 32.2% market share. Global smart-phone shipment is expected to reach 2,968.9 million units by 2020.
So far, increasing usage of mobile internet and services in major European and Asian countries such as UK, Germany, India, China, Indonesia and South Korea is driving the growth of global smart-phone market. In addition, fall in average selling price of smart-phones is expected to fuel the growth of the market over the forecast period. However, decreasing demand of smart-phones in matured countries such as Japan and U.S. is expected to hinder the growth of smart-phone market to some extent from 2014 through 2020.
Get Expert PDF Sample on Smartphone Market: http://www.reportsweb.com/inquiry&RW000118381/sample
Smart-phone providers have been following price differentiation as their key market strategy to outperform their competitors.
Some of the major players in global smart-phone market include
Samsung Electronics Company Ltd.,
Apple Inc.,
Sony Corporation,
Nokia Oyj,
Micromax Informatics Ltd.,
LG Electronics Inc.,
Huawei Technologies Co. Ltd.,
OPPO Electronics Corp.,
Beijing Xiaomi Technology Co. Ltd.
Lenovo Group Ltd among others.
Among all the key players, Samsung Electronics, Nokia Oyj, Apple Inc., Xiaomi Technology Co. Ltd. and LG Electronics Inc. collectively accounted for more than 50% of overall market share in 2013.
Buy Report@ http://www.reportsweb.com/buy&RW000118381/buy/4800
So far, increasing usage of mobile internet and services in major European and Asian countries such as UK, Germany, India, China, Indonesia and South Korea is driving the growth of global smart-phone market. In addition, fall in average selling price of smart-phones is expected to fuel the growth of the market over the forecast period. However, decreasing demand of smart-phones in matured countries such as Japan and U.S. is expected to hinder the growth of smart-phone market to some extent from 2014 through 2020.
Get Expert PDF Sample on Smartphone Market: http://www.reportsweb.com/inquiry&RW000118381/sample
Smart-phone providers have been following price differentiation as their key market strategy to outperform their competitors.
Some of the major players in global smart-phone market include
Samsung Electronics Company Ltd.,
Apple Inc.,
Sony Corporation,
Nokia Oyj,
Micromax Informatics Ltd.,
LG Electronics Inc.,
Huawei Technologies Co. Ltd.,
OPPO Electronics Corp.,
Beijing Xiaomi Technology Co. Ltd.
Lenovo Group Ltd among others.
Among all the key players, Samsung Electronics, Nokia Oyj, Apple Inc., Xiaomi Technology Co. Ltd. and LG Electronics Inc. collectively accounted for more than 50% of overall market share in 2013.
Buy Report@ http://www.reportsweb.com/buy&RW000118381/buy/4800
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results