Smartphone market in BRIC to grow at a CAGR of 72 percent over the period 2011-2015. One of the key factors contributing to this market growth is the decline in the prices of smartphones in BRIC. The Smartphone market in BRIC has also been witnessing an increase in adoption as a result of contactless payment schemes. However, the influx of low cost-feature phones may be a challenge to the market during the forecast period.
TechNavio's report, the Smartphone Market in BRIC 2011-2015, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape for Brazil, Russia, India, and China; it also covers the growth prospects in the respective countries in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Apple Inc., HTC Corp., Huawei Technologies Co. Ltd., Motorola Mobility Holdings Inc., Nokia Corp., Research In Motion Ltd., Samsung Electronics Co. Ltd., Sony Corp., and ZTE Corp.
Source - MarketResearchReports.Biz