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Smartphone market growing steadily at 6.04% CAGR to 2021 published by leading research firm

Smartphone market growing steadily at 6.04% CAGR to 2021 published by leading research firm

The global Smartphone industry to grow at a CAGR of 6.04% during the period 2017-2021.

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The following companies as the key players in the global smartphone market: Apple, Samsung, Huawei, OPPO, Vivo, Xiaomi, Lenovo, LG Electronics, Sony, and ZTE. Other Prominent Vendors in the market are: ASUSTeK Computer, BlackBerry, Gionee Communication Equipment, Google, Micromax, Microsoft, Nokia, OnePlus, and Panasonic.

Complete report on the Smartphone Market Research Report spread across 88 pages, profiling 19 companies with table of content is now available at  www.reportsnreports.com/contacts/d…aspx?name=1134842 .

Smartphone Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

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The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Upcoming possibilities with 5G. While the launch of 5G is 3-4 years away, 5G is being viewed by smartphone vendors as the technology that will get more people to use the Internet for daily tasks.

5G will be capable of delivering up to 100 times the speed customers are currently getting with 4G LTE, which is up to 1 Gbps in an ideal situation. It will also be capable of accommodating many more devices that are expected to connect to networks due to the expansion of the Internet of things.

Accordingly, smartphone manufacturers have started conducting research on the network technology and are preparing phones for 2020, when 5G is expected to debut.

According to the report, one of the major drivers for this market is Rising income levels and increasing consumer spending in emerging markets. The smartphone market is facing saturation in developed countries.

Thus, the growth in the smartphone market will be driven by emerging countries, such as India, Indonesia, the Philippines, and Vietnam. These countries are experiencing an economic boom, which is leading to a rise in the per capita income.

Consumers' income levels are increasing, and smartphones are becoming more affordable because of the entry and penetration of low-cost Chinese alternatives, such as OPPO, Vivo, and Xiaomi. These factors in emerging markets are expected to drive the growth of the smartphone market.

Vendors are expected to see an increase in shipments in these countries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Access this Report at www.reportsnreports.com/purchase.aspx?name=1134842 .

Further, the report states that one of the major factors hindering the growth of this market is Developed countries reaching market saturation. The smartphone market has been witnessing a slowdown in the recent years.

Developed countries such as the US and the UK, which were the biggest markets for smartphones, are now coming to a steady halt as the pool of first-time buyers is shrinking rapidly, and sales are now primarily coming from phone upgrades. With only incremental improvements in each new generation of phones, it is becoming difficult to convince smartphone owners to shift to new models.

This report covers the present scenario and the growth prospects of the global smartphone market for 2017-2021. To calculate the market size, the report considers the shipments, sales, volume, and value..

Smartphones have become a basic necessity and an integral part of the lives of almost all individuals worldwide. A smartphone is a mobile phone that functions like a computer.

It typically has a touchscreen interface, Internet access, and an OS that can run application software or apps that are integrated with other devices and sensors to provide users information on a real-time basis. Smartphones can be used to perform applications, including making calls, instant messaging, taking pictures and videos, browsing the Internet, carrying out financial transactions, creating presentations, and analyzing data.

Almost 10 years ago, performing these functions without a computer were considered impossible.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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