NEW YORK, March 22, 2021 /PRNewswire/ -- The smartphone market is expected to grow by 464.20 million units during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the smartphone market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The smartphone market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
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Major Three Smartphone Market Participants:
Alphabet Inc.
Alphabet Inc. operates its business through segments such as Google and Other Bets. The company offers smartphones under the brand Google Pixel.
Apple Inc.
Apple Inc. operates its business through segments such as iPhone, iPad, Mac, Wearables, Home and Accessories, and Services. The company offers smartphones under the brand iPhone.
BBK Electronics Corp. Ltd.
BBK Electronics Corp. Ltd. operates its business through the Unified segment. The company offers smartphones under the brands, Oppo, OnePlus, Realme, and Vivo.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/smartphone-market-industry-analysis
Smartphone Market 2021-2025: Segmentation
Smartphone market is segmented as below:
The smartphone market is driven by the growing adoption of AI in smartphones. In addition, other factors such as the increasing adoption of premium smartphones in emerging countries are expected to trigger the smartphone market toward witnessing a CAGR of almost 6% during the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Report: www.technavio.com/report/smartphone-market-industry-analysis
SOURCE Technavio
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