Lewes, DE -- (SBWIRE) -- 03/01/2016 -- Global Smartphone market is poised to grow at a CAGR of 15.8% during the forecast period. Rising income levels, shift from 3G to 4G, augmented corporate acceptance of smartphones and gains experienced in emerging markets such as Asia pacific and MEA are some of the key factors fueling the market growth. Future growth of the market is driven by falling prices of smartphones. Asia pacific represents largest as well as fastest growing markets in the world. China and India continue to represent major markets for premium as well as low cost smartphones.
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