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Global Smartphone Market 2017-2021: Rising Consumer Spending in Emerging Markets - Research and Markets

[July 25, 2017]

Global Smartphone Market 2017-2021: Rising Consumer Spending in Emerging Markets - Research and Markets

The "Global Smartphone Market 2017-2021" report has been added to Research and Markets' offering.

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

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

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 lvels 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.

Key vendors