DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7fc9zx/global_smartphone) has announced the addition of the "Global Smartphone Market 2013-2020" report to their offering.
The global smartphone market is expected to reach USD 698.4 billion by 2020, with a CAGR of 11.2%. The global smartphone market is dominated by Asia-Pacific region with 40.7% market share, followed by Europe with 32.2% market share. Global smartphone shipments are expected to reach 2,968.9 million units by 2020.
So far, increasing usage of mobile internet and services in major European and Asian countries such as UK, Germany, India, China, Indonesia and South Korea is driving the growth of the global smartphone market. In addition, a fall in average selling price of smartphones is expected to fuel the growth of the market over the forecast period. However, decreasing demand of smartphones in mature countries such as Japan and U.S. is expected to hinder the growth of the smartphone market to some extent from 2014 through 2020.
Smartphone providers have been following price differentiation as their key market strategy to outperform their competitors. Among all the key players, Samsung Electronics, Nokia Oyj, Apple Inc., Xiaomi Technology Co. Ltd. and LG Electronics Inc. collectively accounted for more than 50% of overall market share in 2013.
Key Topics Covered:
2. Market Landscape
3. Market Size and Forecast by Revenue
4. Competitive landscape
5. Market Size and Forecast
6. Global Smartphone Market by Screen Size
7. Global Smartphone Market by Display Technology
8. Global Smartphone Market by Regions
9. Company Profiles
- Apple Inc.
- Beijing Xiaomi Technology Co. Ltd.
- Huawei Technologies Co. Ltd.
- LG Electronics Inc.
- Lenovo Group Ltd.
- Micromax Informatics Ltd
- Nokia Oyj
- OPPO Electronics Corp.
- Samsung Electronics Company Ltd.
- Sony Corporation
For more information visit http://www.researchandmarkets.com/research/7fc9zx/global_smartphone