Smartphone Market Report, Share, Size, Top Key players, Growth, Demand and Forecast 2022-2027
A smartphone is a portable smart device that provides advanced functionality and connects to a cellular network and the internet. It is widely used for many purposes such as messaging, gaming, calling, online shopping, transferring funds, clicking pictures, and emailing. In addition, it provides easy communication, portability, navigation, safety, online banking, and entertainment. Owing to these benefits and the introduction of advanced variants, smartphones have gained widespread popularity among individuals.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Smartphone Market Trends:
The market is primarily driven by the rising demand for portable handheld devices across the globe. In addition, the shifting consumer preferences toward smart devices that offer various benefits such as easy accessibility to the internet, advanced audio and video calling features, web surfing, and online ordering, is contributing to the market growth. Besides this, the introduction of various innovative smartphones with miniaturized cameras, high-resolution sensors, and improved battery life are escalating the product demand. Moreover, consumers are widely using smartphones to make contactless payments as they eliminate the need for card swiping and minimize the risk of human errors, which is another major growth-inducing factor. Furthermore, the expanding working population, increasing internet penetration, and rising disposable incomes of consumers are some of the other factors anticipated to propel the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
Lenovo Group Limited
Realme Chongqing Mobile Telecommunications Corp. Ltd. (BBK Electronics Corporation)
Samsung Electronics Co. Ltd.
Smartphone Market Segmentation:
Our report has categorized the market based on region, operating system, display technology, RAM capacity and distribution channel.
Breakup by Operating System:
Breakup by Display Technology:
Breakup by RAM Capacity:
4GB - 8GB
Breakup by Distribution Channel:
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
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