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Global Smart Phone Market Anticipated to Grow at a CAGR of 7.5% during 2016-2024

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Global Smart Phone Market Anticipated to Grow at a CAGR of 7.5% during 2016-2024


According to Goldstein Research, global smart phone market shipment is expected to reach over 3.6 billion units by 2024. In 2016 total smart phone market size was valued at USD 363.4 billion, growing at a CAGR of 7.5% over the forecast period 2016-2024. Decrease in average selling price (ASP) of smartphones is the major factor promoting the growth of smartphone market across the globe. In 2016, the ASP of smartphone reported approximately USD 280 which was decreased as compared to 2013, where ASP of smartphone was more than USD 330. Global smart phone market segmentation has been done on the basis of price, operating system, distribution channel and geography.

Global smart phone market is largely dominated by Asia-Pacific by 34% market share in 2016. Whereas, Europe and Middle East & Africa (MEA) are fastest growing region in smartphone market. Europe smartphone market valued USD 67.6 billion in 2015.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-smartphone-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Market Segmentation

On the basis of our in-depth analysis, Global Smart Phone Market can be segmented as follows:

Based on Price

o High-Range

o Mid-Range

o Low-Range

Based on Operating System

o Android

o iOS

o Windows

o Other Operating System (Blackberry OS, Tizen, Sailfish)

Based on Distribution Channel

o Online Channel

o Offline Channel

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Browse Full Report: https://www.goldsteinresearch.com/report/global-smartphone-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Global Smart Phone Industry Analysis Report contains detailed overview of the global smart phone market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by price, operating system and distribution channel.

Further, for the in-depth analysis, Global Smart Phone Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Vivo Communication Technology Co. Ltd., Sony Corporation, Motorola, TCL Communication Technology Holdings Limited, ZTE Corporation, Nokia, HTC Corporation, OnePlus, Xiaomi, BlackBerry, Microsoft Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global smart phone market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on hardware & ICT industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada:  1-437-886-1181

UK: +44-203-318-6627

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Global Smart Phone Market Anticipated to Grow at a CAGR of 7.5% during 2016-2024

Source: Press Release



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