The global smartphones market size is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. The market growth is attributed to rising spending towards electronic devices and gadgets that can operate several software and various mobile applications.
A smartphone is a cellular device that facilitates multi-functional operations such as web browsing, running mobile software, and mobile applications besides allowing to make telephonic or video calls or text messaging to other users. Smartphones are primarily equipped with strong hardware capabilities and wider software applications, which can be effectively performed by using mostly internet. The key advantages of a smartphone design is the integration of powerful software to support the advanced multifunctional application such as mobile banking using wallets for payment and money transfer by connecting through their banks. Mostly, these devices are touchscreen and user-friendly for various app operations. A large number of young adults prefer to buy smartphones as these devices have pre-installed mobile game and using the devices, users can get maximum gaming experience as compared to other conventional gadgets.
The report on the global smartphones market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Report Title | Smartphones Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Operating Systems (Android, iOS, and Others) and Distribution Channels (Online, Offline, and Others) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Apple Inc.; Huawei Technologies Co., Ltd.; SAMSUNG; Xiaomi; Vivo Mobile India Pvt Ltd.; Google LLC; and SONY ELECTRONICS ASIA PACIFIC PTE LTD. |
On the basis of operating systems, the smartphones market is segmented into android, iOS, and others. The android segment is projected to hold significant market share during the forecast period owing to the wide compatible of social media applications, gaming software, entertainment applications, mobile utility applications, and lifestyle applications of the operating system among a majority of brands. Moreover, the availability of development tools such as Firebase, Android Jetpack, and AndroidSDK in the system is likely to assist the developers in building a user-intuitive and user-friendly interface of the devices. However, the iOS segment is anticipated to expand at a significant rate due to the growing demand for data security and rising incidences of data breaches. The iOS system offers highly-encrypted service that ensure the privacy maintenance of users and high security of information exchanged between iOS users.
Based on distribution channels, the market is segregated into online, offline, and others. The online segment is anticipated to grow at a significant rate owing to the growing trend of online shopping and increasing consumers’ inclination towards easy shopping using their smart devices. Furthermore, the rapid expansion of e-commerce platforms and formation of better marketing strategies such as availability of attractive discounts and safe home delivery are anticipated to expand the market segment in the coming years. On the other hand, the offline segment is projected to expand at a considerable rate due to the influence of specialty stores and availability of wide-variety of devices in offline stores.
In terms of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market share in the coming years owing to the availability of well-established market players in the region. Moreover, the wide acceptance of innovative devices coupled with rising disposable income among a chunk of people in the region are some factors propelling the regional market. The market in Asia Pacific, on the other hand, is projected to expand at a significant CAGR during the forecast period due to the growing population, rising urbanization, and increasing demand for smart devices in the region.
Segments Covered in the Report
The global smartphone market has been classified on the basis of
Operating Systems
Key players in the global smartphones market are Apple Inc.; Huawei Technologies Co., Ltd.; SAMSUNG; Xiaomi; Vivo Mobile India Pvt Ltd.; Google LLC; and SONY ELECTRONICS ASIA PACIFIC PTE LTD. The companies are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Segments Covered in the Report
The global smartphone market has been classified on the basis of
Operating Systems
Key players in the global smartphones market are Apple Inc.; Huawei Technologies Co., Ltd.; SAMSUNG; Xiaomi; Vivo Mobile India Pvt Ltd.; Google LLC; and SONY ELECTRONICS ASIA PACIFIC PTE LTD. The companies are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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