TMCnet News
Global Smartphone Market 2015-2019 with Apple, Huawei Technologies, Lenovo Group, LG Electronics & Samsung Electronics DominatingDUBLIN, 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 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 clod 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
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/x8fd5v/global_smartphone Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-smartphone-market-2015-2019-with-apple-huawei-technologies-lenovo-group-lg-electronics--samsung-electronics-dominating-300036436.html SOURCE Research and Markets |