LONDON--(BUSINESS WIRE)--The global intelligent phones market is expected to post a CAGR of nearly 15% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is improved security and better power management. Customers face security challenges while using smartphones. The easy unlocking facility of mobile phones works to the advantage of hackers enabling them to access confidential user data. Therefore, manufacturers are launching better security features in intelligent phones.
This market research report on the global intelligent phones market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights technological advances as one of the key emerging trends in the global intelligent phones market:
Global intelligent phones market: technological advances
Manufacturers of intelligent phones are trying to introduce phones with new features to differentiate their products from competitors and attain a higher share of the market. Features such as intelligent camera and smart power management are the current trends in the global intelligent phones market. The cameras in these phones can recognize the subject in the camera outline and can accordingly modify settings to take the perfect picture.
“The increasing number of innovative product launches has led to the growth of the market in recent years. Manufacturers are including diverse features to differentiate their products with features such as split screen, multi-column display, and easy projection. Intelligent phones are equipped with inbuilt AI, which enables users to translate into different languages without connecting to the internet. Such developments augur well for the growth of the market,” says a senior research analyst for IT hardware.
Global intelligent phones market: Segmentation analysis
This market research report segments the global intelligent phones market by distribution channel (offline and online) and geographical regions (APAC, EMEA, and the Americas).
In 2017, the Americas dominated the market with a share of 42%, followed by APAC and EMEA respectively. The dominance of the Americas can be attributed to the early adoption of intelligent phones driven by the increase in the adoption of cloud infrastructure and AI technology. The increasing demand for improved technological features in smartphones will drive the growth of the market during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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