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According to Market Research Future (MRFR), the global smartphone TV market is projected to witness significant growth by 2023, registering an impressive CAGR during the forecast period (2017-2023). The rising market penetration of smartphones and tablets worldwide, alongside the boosting media and entertainment industry, accelerates the growth of the market. The proliferation of connected to remote services and compatible apps boost the demand for online support advisors.
Due to the augmenting demand for Smartphone content, the global smartphone TV market is growing rapidly. Additionally, the rising popularity of OTT content and the spurring rise in free-to-air pay TV services influence the growth of the market. The growing consumer electronics industry witnessing increasing investments and research findings impact the market growth positively. Also, increasing consumer preference and the rising adoption of new technologies & products increase the size of the market.
Global Smartphone TV Market– Segments
By Usage: Fixed, Nomadic, and Mobile.
By Service: Free-to-Air Services and Pay TV Services.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Global Smartphone TV Market– Competitive Analysis
Characterized by the presence of several giant players, the global smartphone TV market appears highly competitive. Well established players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product launch in order to gain a larger competitive share.
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Major Players:
Comcast Corporation (US), AT&T, Inc. (US), MobiTV, Inc. (US), Charter Communications (US), Sky PLC (UK), Verizon Communications, Inc. (US), Orange SA (France), Bell Canada (Canada), Bharti Airtel Limited (India), and Consolidated Communications, Inc. (US), among others.
Global Smartphone TV Market– Regional Analysis
Asia Pacific dominates the global smartphone TV market. The largest market share attributes to growing investments in the smartphone TV industry and increasing mobile and tablet use in the region. Besides, high technological advances, availability of smartphone content, and the early adoption of smartphone technology drive the market growth.
North America stands second in the global smartphone TV market. The market growth is driven by technological advances and augmenting demand for smartphone televisions. Additionally, the emergence of new technological solutions and rising demand for sharper picture quality increase television sales in this region.
The smartphone TV market in Europe accounts for a considerable share of the global market. Factors such as the large technological advancements and the presence of several key market players in the region act as major driving forces behind the regional market growth. Furthermore, the resurging economy in the region plays a causal role in the development of the market, increasing consumer purchasing power.
Industry/ Innovation/ Related News
November 17, 2020 ---- Borqs India, a subsidiary of Borqs Technologies, Inc. (the US), announced the successful demonstration of its NextGen TV Android smartphone (branded Mark One). The phone enables advancements such as 4K and High Dynamic Range (HDR) video, live TV and video-on-demand, new forms of OTT-delivered streaming services from broadcasters, targeted and interactive advertising, and new emergency alerting capabilities.
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For more info: https://www.marketresearchfuture.com/reports/smartphone-tv-market-3838
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Smartphone TV Market Segmentation
8. Smartphone TV Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued...…
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Email: sales@marketresearchfuture.com
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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