As per a new research report by Maximize Market Research, the Global Market for Smart Phones is expected to surpass US $1300 Billion by the year 2026.
The smart phones market in the 1st quarter of 2020, due to the surge of COVID – 19 witnessed a worst decline in sales, as the sales totaled around at just 275 million units during the first three months of the year. Having said that, it is also true that due to the various factors like, surge in online learning and working, the market did saw a great positive response in the sales during the last two quarters of the year, after the lockdown restrictions were eased, around the world; and hence the smart phones market is observed to pick up a quick pace for registering a CAGR of almost more than 11%, during the tenure of 2021 – 2026.
The study done by the organization, also concludes that inclusion of 5G network support by the smart devices will play a huge role for the growth of market, during the forecast period; as per the research, it is expected that the 5G supported devices could account for more than 35% market share in the upcoming year, which could double – up, until the year 2026.
The report published by Maximize, encompasses various market dynamics, which could affect the market growth of Smart Phones in the region, the Value – Chain analysis, and the PORTER’s analysis for the Smart Phones market at a global level. The study is consolidated on the basis of three major segments and further into sub-segments, Operating System (Android, IOS, Windows), Distribution Channel (Online, Offline), and Price Range (Budged Phones, Mid – Range Phones, Premium Phones), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country – level analysis for the latest trends, along with the major key players, which include Xiaomi Communications, Samsung Electronics, LG Electronics, Lenovo, Apple, Oppo, Vivo, OnePlus, Google LLC, Huawei, Realme, Sony Electronics, Blackberry, HTC, and Nokia, among many others in the Smart Phones market, across the Globe.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Smart Phones Market”
https://www.maximizemarketresearch.com/market-report/global-smart-phones-market/87739/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908