Smartphone Market Projected to grow at a CAGR of 7.5% over the Forecast Period 2016-2024

New York, USA, 2018-Aug-24 — /EPR Network/ —According to Goldstein Research, global smartphone market estimated at USD 363.4 billion in 2016, is estimated to grow at a CAGR of 7.5% over the forecast period 2016-2024. Moreover, by 2024 over 3.6 billion units of smartphones is expected to be sold globally. The high demand for smartphones due to their increasing functionality coupled with the decrease in average selling price (ASP) of smartphones are majorly propelling the growth of the smartphone market worldwide.

Further geographically, the global smartphone industry is dominated by Asia Pacific region owing high population in the region demanding for smartphones and their increasing personal disposable income is attracting the global players to enter the APAC region. Moreover, the top manufacturers of smartphones such as Samsung are also located in the Asia Pacific region which is inducing the growth of the market.

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Market Segmentation

Global Smartphone Market can be segmented as follows:

Based on Price

  • High-Range Smartphone Market Analysis, 2016-2024
  • Mid-RangeSmartphoneMarket Analysis, 2016-2024
  • Low-RangeSmartphoneMarket Analysis, 2016-2024

Based on Operating System

  • Android OS Market Analysis, 2016-2024
  • iOS OS Market Analysis, 2016-2024
  • Windows OS Market Analysis, 2016-2024
  • Other Operating System (Blackberry OS, Tizen, Sailfish)Market Analysis, 2016-2024

Based on Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

By Region

  • North America Smartphone Market Analysis, 2016-2024
  • Europe Smartphone Market Analysis, 2016-2024
  • The Middle East And Africa Smartphone Market Analysis, 2016-2024
  • Latin America Smartphone Market Analysis, 2016-2024
  • Asia Pacific Smartphone Market Analysis, 2016-2024
  • Rest Of The World Smartphone Market Analysis, 2016-2024

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“Global Smartphone Market Outlook 2024” contains the detailed overview of the global smartphone market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by price, operating system, distribution channel and geography.

The Global Smartphone Market Report encompasses the competitive outlook of major players that summarises the business strategies, revenue distribution, product portfolio, financial analysis, R&D activities and investments. The comprehensive analysis of smartphone market report helps the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global smartphone market discussed in the report are: Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Vivo Communication Technology Co. Ltd., Sony Corporation, Motorola, TCL Communication Technology Holdings Limited, ZTE Corporation, Nokia, HTC Corporation, OnePlus, Xiaomi, BlackBerry, Microsoft Corporation,etc.

Further, the Global Smartphone Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The smartphone market trends also comprise of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. The market analysis report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on ICT market research reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Contact us for more details

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada: 1-437-886-1181

UK: +44-203-318-6627

Browse Similar Report: Gaming Software Industry Report

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