Future Outlook of Smartphone Market Poised to Achieve CAGR of 4.5% by 2026 – Worldwide Top Key Players - Xiomi, Samsung, Nokia, Motorola, ZTE Corporation, Microsoft, Micromax, LG, Lenovo, Huawei, HTC, Google

Global Smartphone Market is expected to grow at a CAGR of 4.5% during the forecast period. Rising demand for disposable income increases the probability of consumer spending on media, entertainment, networking and mobile communication leading to higher potential sales of consumer electronics is influencing the market growth.

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Smartphones are the most demanded electronic devices today owing to a change in the lifestyle of people, where owning a smartphone is not just a necessity but a norm. As there is an increase to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. The instances of smartphone adoption are very high among the urban population as compared to the rural population and hence there is high demand for smartphones in developed regions.

Top Players:
Some of the key players in Smartphone market include Xiomi, Samsung, Nokia, Motorola, ZTE Corporation, Microsoft, Micromax, LG, Lenovo, Huawei, HTC, Google, Blackberry, Apple, Vivo Communication Technology Co. Ltd., OPPO, Sony, Google Inc and Panasonic Corporation.

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Market Segments:
Amongst Operating System, iOS segment held considerable market share during forecast period. It is the operating system that currently powers many of the company's mobile devices, together with the iPod Touch, iPhone and iPad. iOS is a mobile operating system formed and developed by Apple Inc. entirely for its hardware. By geography, Asia Pacific dominated the market due to the increasing economy with increasing per capita income, the presence of a massive population, and the interest to use new technologies are few of the smartphone industry trends gaining traction in the market of this region.
Price Ranges Covered:
• US$ 500 & Above
• US$ 200–US$ 500
• US$ 100–US$ 200
• Below US$ 100

Operating Systems Covered:
• Windows
• Android
• iOS

RAM Sizes Covered:
• Up to 8GB
• 2GB–4GB
• Below 2GB

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