Growing R &D spending by key smartphone manufacturer is expected to foster growth of the smartphone market
Growing disposable income around the globe is driving the growth of the smartphone market. Moreover, increasing investment by manufacturers in R&D is again projected to foster the growth of the market. Increasing purchasing of electronic devices such as smartphones, laptops, tablets, and gaming consoles is again expected to foster the growth of the market. Moreover, smartphone manufacturers are investing in the development and production of their own application processor (AP) which is also expected to accelerate the growth of the market. Furthermore, the growing use of long-term Evolution (LTE) is further projected to augment the growth of the market. Additionally, the advent of 4G services across various economies is estimated to provide lucrative opportunities to the key players of the smartphone. Major players engaged in the global smartphone market are Samsung Electronics Co., Ltd., Apple Inc., Lenovo Group Limited, Vivo Communication Technology Co. Ltd, ZTE Corporati...