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Mark Peters : January 27th 2015 - 11:25 CET

Global Smartphone Market report

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Research and MarketsResearch & Markets launches Global Smartphone report : Global smartphone market is expected to reach USD 698.4 Billion by 2020. Research and Markets 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. Smartphone providers have been following price differentiation as their key market strategy to outperform their competitors. Among all the key players, Samsung, Nokia, Apple, Xiaomi Technology and LG Electronics.
Smartphone Market report

Smartphone Market report 2013-2020
Collectively accounted for more than 50% of overall market share in 2013. 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. To download the market report, visit the Research & Markets website.

Global Smartphone market

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