Pune, India, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Fortune Business Insights has published latest forecast for smartphone marketplace share in their study titled, Smartphone Market Share Forecast, 2022-2029”. As per the report, the planetary marketplace size was USD 457.18 cardinal successful 2021. The planetary smartphone marketplace stock is projected to turn from USD 484.81 cardinal successful 2022 to USD 792.51 billion successful 2029 astatine a CAGR of 7.3% successful the forecast period, 2022-2029.
As per the probe conducted by our adept analysts, the rising adoption of Internet of Things exertion is anticipated bolster marketplace growth. Likewise, surging location ownership by millennials and increasing flexible income successful established nations to navigate automated location demand.
KEY INDUSTRY DEVELOPMENTS:
August 2021: Samsung introduced the ‘Galaxy Z Flip3 5G’ and ‘Galaxy Z Fold3 5G’, the innovative foldable mobile phone. With iconic design, some the devices are built with flagship innovation, offering a unsocial idiosyncratic acquisition to work, play and watch.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 7.3% |
| 2029 Value Projection | USD 792.51 Billion |
| Base Year | 2021 |
| Smartphone Market Size successful 2021 | USD 457.18 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 150 |
| Segments covered | Operating System, Distribution Channel and Geography |
| Smartphone Market Growth Driver | Trend for Digitization to Drive Innovation |
An Overview of the Impact of COVID-19 connected this Market:
The emergence of COVID-19 has brought the satellite to a standstill. We recognize that this wellness situation has brought an unprecedented interaction connected businesses crossed industries. However, this excessively shall pass. Rising enactment from governments and respective companies tin assistance successful the combat against this highly contagious disease. There are immoderate industries that are struggling and immoderate are thriving. Overall, astir each assemblage is anticipated to beryllium impacted by the pandemic.
Click present to get the short-term and semipermanent interaction of COVID-19 connected this Market:
https://www.fortunebusinessinsights.com/industry-reports/smartphone-market-100308
Market Growth Drivers:
Trend for Digitization to Drive Innovation
Stakeholders expect the enlargement of connectivity solutions to foster smartphone marketplace maturation during the forecast period. The inclination for mobile telephone connectivity has go pronounced crossed healthcare devices, fleet absorption operations, automobiles, infrastructure information systems and astute metering. Besides, governments and different stakeholders are apt to inject funds into digitization, prompting smartphone manufacturers to bolster their portfolios. Notably, successful April 2021, Apple, Inc. announced an concern of astir USD 430.00 cardinal to bolster 5G exertion and silicon engineering successful the U.S to underpin American innovation strategies for the adjacent 5-years.
Smartphone Market Segments Analysis
Based connected the operating system, the marketplace is segmented into iOS, android, windows and others.
In presumption of the organisation channel, the manufacture is segregated into e-commerce, retailer and OEMs stores.
On the ground of region, the marketplace is segmented into Asia Pacific, North America, Europe, South America and the Middle East and Africa.
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Smartphone Market Regional Insights:
Expanding Telecom Sector to Foster Asia Pacific Market
Leading companies expect China, India and Australia to supply promising maturation opportunities successful the telecom sector. Bullish investments successful the smartphone volition stay a catalyst successful driving the penetration of IoT and 5G. Leading companies are apt to motorboat innovative products successful the ensuing period. In January 2022, Vivo Mobile Communication Co., Ltd rolled retired ‘V23 and V23 Pro’ successful India and termed India’s 1st color-changing smartphone.
North America smartphone marketplace stock volition garner a important uptick successful the aftermath of beingness of starring companies crossed the U.S. and Canada. To illustrate, successful November 2021, Huawei Device Co., Ltd. asserted that it was contemplating releasing mobile handsets crossed Canada to connection amended lawsuit services. It is worthy noting that the rising footfall of the e-commerce assemblage volition stay instrumental successful fostering merchandise adoption.
Industry participants envisage Europe arsenic a blessed hunting crushed owing to the investments successful the automotive and telecom sectors. Specifically, successful July 2020, SAMSUNG joined hands with the German Federal Office for Information Security (BSI), Bundesdruckerei (bdr) and Deutsche Telekom Security GmbH to make a hardware-based information architecture. Bullish strategies are apt to beryllium pronounced with large companies apt to prioritize technological advancements.
Key companies profiled successful the marketplace are:
- Apple Inc.
- SAMSUNG
- Oppo
- Huawei Device Co., Ltd.
- OnePlus
- Sony Group Corporation
- Xiaomi
- HTC Corporation
- Google LLC
- ZTE Corporation
Major Table of Contents:
- North America Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Country (USD)
- U.S.
- Canada
- Mexico
- Europe Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Country (USD)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
- Asia Pacific Smartphone Market Size Estimates and Forecasts, By Segments, 2018-2029
- Key Findings
- By Operation System (USD)
- Android
- iOS
- Windows
- Others (Linux and Others)
- By Distribution Channel (USD)
- OEM
- Retailer
- E-commerce
- By Country (USD)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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