Albany, NY -- (SBWIRE) -- 09/15/2014 -- According to a new report released by Transparency Market Research based on “Global Smartphone Market to hit 3.9 bln connections in 2018”, the worldwide smartphone market is expected to reach 3.9 billion connections (Sims) in 2018, a growth of 136 percent over the next five years.

Smartphones are becoming more ubiquitous communication devices among different user segments in the world. Today, there are almost 75% of smartphone consumer (individual) subscribers using their smartphones for business, as well as personal purposes. In addition, around 65% of the global SMBs allow employee owned smartphone for authentic use. Such reasons have acted as the strong booster for smartphone market to potentially achieve higher growth in the industry.

Browse the full Tablet Market And Smartphones Market report at http://www.transparencymarketresearch.com/tablet-and-smartphones-market.html

In 2011, the smartphone sales to end users reached 469.9 million units, registering a growth of 66.7% over 2010 sales of 282.0 million units. The smartphone sales to end user are expected to reach 1,048.0 million units by 2015 with Asia – Pacific reporting for the largest market share at 39.5%. Asia Pacific is also expected to show the highest growth rate at a CAGR of 36.3% from 2010 to 2015.

Smartphone is now considered as a prime competitor for tablets. Hence, according to the research reports, an estimation of 10% smartphone owners who had a tablet PC, now focus on owning a smartphone for an all-in-one use.

This is an extensive database report covering quarterly sales to end users, revenue, installed base, ASP from 2009 to 2011 and forecast till 2015 for smartphones. Of all the four quarters of 2008, the smartphone sale in 4Q2011 alone crossed all the combined sales for this market. This leap in sales was seen due to the account of consumer and enterprise adoption of iPhone 4S that resulted 36.1 million units sales to end user in Q42011 alone.

At the outset, smartphones were first equipped with a small screen size ranging between 2.8 inches and 3.5 inches. However, this made it difficult to perform different basic and advance functions such as watching videos, gaming, navigating documents, surfing the internet and more among others. Therefore, soon the need for larger screen sizes ranging between 4 inches and 5 inches became necessary to serve the aforementioned purposes. Also, with the use of smartphones, the need for various smartphone applications have become extremely handy for managing documents, programs, music, videos, photos, and many other things that are required on a day-to-day basis. This change in focus from basic use to more advance use has spurred a rising growth all over the market making the smart phone application market from being a niche market to an ordinary market these days. The market for smartphone application was about USD 6.7 billion in 2011, and is expected to be USD 155 billion with CAGR of almost 55% from 2011 to 2017. Additionally, the emerging nations like China and India are expected to be the next-growing market for smart phone applications in the coming years.

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According to the geographies analyzed in this report, the major geographies of smartphone technologies are seen in North America, Asia-Pacific, Europe, and Rest of the World. In Western Europe, the smartphones will comprise around 76 percent of the total handset connections in 2018, following with 82 percent units in North America, and 88 percent in other locales of the Asia-Pacific region.

In the meantime, China is estimated to sell around 1.3 billion smartphones in the next five years becoming the most lucrative market for tablets and smartphone across all the segments in the world.

This report includes company profiles of major market players in the smart phone application market like Android, iPhone, Symbian, Windows, Black berry, and others.

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