Irving, TX (PRWEB) May 18, 2013
Exhibiting significant growth over the next five years, the global smartphone industry is expected to reach $259.2 billion by 2018. The industry is highly concentrated, as the top five players account for more than 80% of the market. Smartphones have experience rapid growth driven by the rapidly expanding availability of apps and a faster Internet experience. The industry is expected to experience further growth as advanced features are continuously emerging.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the industry and presents its findings in “Global Smartphone Industry 2013-2018: Trend, Profit, and Forecast Analysis.” With today’s ever-emerging technologies and innovations in improving smartphones, the industry is growing at a rapid pace.
Lucintel’s analysis indicates that the industry faces a challenge from the declining population growth rate. Population control plans in India and China have a negative impact on global productivity. Specifically in Europe and Japan, lack of population growth has hampered the production level. The global GDP contraction and prolonged European debt crisis led to the slowdown of global economy, which also has affected the industry’s growth.
The global smartphone industry witnessed strong growth as owing to changing lifestyle the smartphone has become a necessity, dramatically replacing the feature phones. Rapid product introductions, prompt embracing of technological changes and product innovations, aggressive pricing practices drive the industry.
This industry research report is intended to provide industry leaders with a competitive benchmarking of the global smartphone industry. The study provides up-to-date information on the market share, profit margins, capabilities, and strategies of the leaders. The report helps current suppliers realistically assess their capabilities and strategies, vis-a-vis leading competitors. It is designed to provide executives with strategically significant competitor information, data analysis, and insight, critical to the development and implementation of effective marketing and sales plans.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, M & A due diligence and cost efficiency. To learn more, visit http://www.lucintel.com.
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