Artificial Intelligence
Outlook on the 5G Smartphone Global Market to 2027 – Escalating Penetration of Mobile E-Commerce in the Industry
Dublin, Sept. 06, 2022 (GLOBE NEWSWIRE) — The “Global 5G Smartphone Market: Analysis By Sales Channel (Online and Offline), By Shipments, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global 5G smartphone market in 2021 was valued at US$32.21 billion. The market is expected to reach US$4167.07 billion by 2027. The 5G Smartphone is a mobile phone with advance features and functionality beyond traditional functionalities such as sending text messages and making calls and primarily support the fifth standard network. The consumers interest in 5G devices has been growing, therefore chipmakers are also pushing brands to use 5G chips in their new line-up of smartphones.
Due to the rise in urban population, growth in consumer awareness about the increasing usage of mobile devices, surging integration of AR technology, expanding over-the-top (OTT) platform subscriptions would propel the market growth in the forthcoming years. The market is expected to grow at a CAGR of 124.90 % during the forecast period of 2022-2027.
Market Segmentation Analysis:
- By Sales Channel: The report provides the bifurcation of the market into two segments based on the component: offline and online. In 2021, offline held a major share of more than 61% in the market. The common offline sales channels include variety of outlets, including retailer outlets, hypermarkets, mobile stores, and brand stores. A large number of consumers prefer to buy electronics and consumer goods from local authorized brand stores as these stores enable consumers to have the touch-and-feel experience of a phone before purchase.
- By Shipments: The report further provided the analysis based on the shipments: The shipment of 5G smartphones is predicted to increase during the forecast period owing to the surging demand for high-speed data connectivity for integrated IoT (Internet of Things) applications, such as smart home products and growing integration of Augmented Reality (AR) & Virtual Reality (VR) technology.
- By Region: The report provides insight into the 5G Smartphone market based on the regions, namely Asia Pacific, North America, Europe and Latin America, Middle East & Africa. Asia Pacific held the major share of more than 65% in the market, owing to the increasing middle class, along with higher levels of disposable income, has boosted internet access and smartphone ownership. Many major countries such as India and Vietnam would switch on their 5G networks in the near future, which would contribute to the total 5G smartphone count. In the Asia Pacific region, China held almost 58% share in the market owing to the accelerating economic growth, and digital technologies. In North America, Mexico is expected to be the fastest growing region in the forecasted period.
Market Dynamics:
- Growth Drivers: One of the most important factors impacting the global 5G Smartphone market is mounting penetration of internet users. With the increasing penetration of internet, smartphones have become popular because of the ability to surf the internet and doing the same activities that are done on a computer or a laptop. Often times, people use their smartphones in order to access their favorite video streaming sites and apps. Hence, mounting penetration of internet catalyzed the widespread of 5G smartphone market. Furthermore, the market has been growing over the past few years, due to factors such as surging integration of AR technology, expanding over-the-top (OTT) platform subscriptions, mounting penetration of internet users and upsurge in number of e-sports in recent years, and many other factors.
- Challenges: However, the market has been confronted with some challenges specifically, security and privacy issues, massive power consumption, etc.
- Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rising trend of connected IoT devices, accelerating adoption of 5G smartphones, escalating penetration of mobile e-commerce, etc. 5G smartphones support advanced applications like e-commerce with enhanced speed. Thus, escalating penetration of mobile e-commerce is predicted to help in the market expansion of 5G smartphones, globally.
- Impact Analysis of COVID-19 and Way Forward:
The outbreak of the COVID-19 pandemic has notably hampered the overall electronics manufacturing industry across key countries, such as China, Japan, Taiwan and several other Asian countries. The pandemic has also affected the exports and imports of electronic and other products globally, owing to the shutdown of borders of key countries. However, the growing number of COVID-19 cases across the globe increased the usage of smartphones as a result of sedentary lifestyle during lockdown and it is expected to boost the 5G smartphone market growth.
Competitive Landscape:
The global 5G Smartphone market is highly consolidated, with a few number of large scale manufacturers accounting for a major revenue share.
The key players in the global 5G Smartphone market are:
- Apple Inc.
- Alphabet Inc. (Google)
- Huawei Technologies Co., Ltd
- Lenovo Group Limited
- Motorola Solutions, Inc.
- Nokia Corporation
- Samsung Electronics Co., Ltd.
- TCL Technology
- Xiaomi Corporation
- BBK Electronics Corporation
- Transsion Holdings
Some of the strategies among key players in the market for 5G smartphones are mergers, acquisitions, and collaborations. For instance, in 2022, Lenovo Group Limited and PCCW Limited entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region. And, in 2022, Motorola Solutions launched WAVE PTX, an instant communication service via broadband subscription, with nationwide coverage, allowing companies to connect their different work teams instantaneously and reliably in order to keep operations up and running, independent from network technology.
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 5G Smartphone: An Overview
2.2 5G Smartphone Segmentation: An Overview
2.2.1 5G Smartphone Segmentation
3. Global Market Analysis
3.1 Global 5G Smartphone Market: An Analysis
3.1.1 Global 5G Smartphone Market: An Overview
3.1.2 Global 5G Smartphone Market by Value
3.1.3 Global 5G Smartphone Market by Sales Channel (offline and online)
3.1.4 Global 5G Smartphone Market by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.2 Global 5G Smartphone Market: Shipment Analysis
3.2.1 Global 5G Smartphone Market by Shipments: An Overview
3.2.2 Global 5G Smartphone Market by Shipments
3.2.3 Global 5G Smartphone Shipments by Region (Asia Pacific, North America, Europe and Latin America, Middle East & Africa)
3.3 Global 5G Smartphone Market: Sales Channel Analysis
3.3.1 Global 5G Smartphone Market by Sales Channel: An Overview
3.3.2 Global Offline 5G Smartphone Market by Value
3.3.3 Global Online 5G Smartphone Market by Value
4. Regional Market Analysis
4.1 Asia Pacific 5G Smartphone Market: An Analysis
4.1.1 Asia Pacific 5G Smartphone Market: An Overview
4.1.2 Asia Pacific 5G Smartphone Market by Value
4.1.3 Asia Pacific 5G Smartphone Market by Shipments
4.1.4 Asia Pacific 5G Smartphone Market by Region (China, India and Rest of Asia Pacific)
4.1.5 China 5G Smartphone Market by Value
4.1.6 China 5G Smartphone Market by Shipments
4.1.7 India 5G Smartphone Market by Value
4.1.8 Rest of Asia Pacific 5G Smartphone Market by Value
4.2 North America 5G Smartphone Market: An Analysis
4.2.1 North America 5G Smartphone Market: An Overview
4.2.2 North America 5G Smartphone Market by Value
4.2.3 North America 5G Smartphone Market by Shipments
4.2.4 North America 5G Smartphone Market by Region (The US, Canada and Mexico)
4.2.5 The US 5G Smartphone Market by Value
4.2.6 The US 5G Smartphone Market by Operating System (Android, iOS and others)
4.2.7 The US Android 5G Smartphone Market by Value
4.2.8 The US iOS 5G Smartphone Market by Value
4.2.9 The US Other 5G Smartphone Market by Value
4.2.10 Canada 5G Smartphone Market by Value
4.2.11 Mexico 5G Smartphone Market by Value
4.3 Europe 5G Smartphone Market: An Analysis
4.3.1 Europe 5G Smartphone Market: An Overview
4.3.2 Europe 5G Smartphone Market by Value
4.3.3 Europe 5G Smartphone Market by Shipments
4.3.4 Europe 5G Smartphone Market by Region (UK, France, Italy, Germany, Spain and rest of Europe)
4.3.5 UK 5G Smartphone Market by Value
4.3.6 France 5G Smartphone Market by Value
4.3.7 Italy 5G Smartphone Market by Value
4.3.8 Germany 5G Smartphone Market by Value
4.3.9 Spain 5G Smartphone Market by Value
4.3.10 Rest of Europe 5G Smartphone Market by Value
4.4 LAMEA 5G Smartphone Market: An Analysis
4.4.1 LAMEA 5G Smartphone Market: An Overview
4.4.2 LAMEA 5G Smartphone Market by Value
4.4.3 LAMEA 5G Smartphone Market by Shipments
5. Impact of COVID-19
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on 5G Smartphone Market
5.1.2 Impact of COVID-19 on Industrial Production
5.1.3 Impact of COVID-19 on Video Conferencing Apps
5.1.4 Impact of COVID-19 on Work from Home Culture
5.1.5 Impact of COVID-19 on Online Learning
5.1.6 Impact of COVID-19 on Penetration Rate of 5G Smartphones
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Population
6.1.2 Increasing Usage of Mobile Devices
6.1.3 Mounting Penetration of Internet Users
6.1.4 Surging Integration of AR Technology
6.1.5 Expanding Over-The-Top (OTT) Platform Subscriptions
6.1.6 Upsurge in the Number of e-Sports Audience
6.2 Challenges
6.2.1 Security & Privacy Issues
6.2.2 Massive Power Consumption
6.2.3 High Operational and Infrastructure Cost
6.3 Market Trends
6.3.1 Accelerating Adoption of 5G Smartphones
6.3.2 Rising Trend of Connected IoT Devices
6.3.3 Escalating Penetration of Mobile E-Commerce
6.3.4 Rising Integration with Artificial Intelligence
7. Competitive Landscape
7.1 Global 5G Smartphone Players by Market Share
7.2. Global 5G Smartphone Market Players by Shipments
8. Company Profiles
8.1 Apple Inc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 Alphabet Inc. (Google)
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Huawei Technologies Co., Ltd.
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 Lenovo Group Limited
8.4.1 Business Overview
8.4.2 Operating Segment
8.4.3 Business Strategy
8.5 Motorola Solutions, Inc.
8.5.1 Business Overview
8.5.2 Operating Segment
8.5.3 Business Strategy
8.6 Nokia Corporation
8.6.1 Business Overview
8.6.2 Operating Segment
8.6.3 Business Strategy
8.7 Samsung Electronics Co., Ltd.
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 TCL Technology
8.8.1 Business Overview
8.8.2 Operating Segment
8.8.3 Business Strategy
8.9 Xiaomi Corporation
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy
8.10 BBK Electronics Corporation
8.10.1 Business Overview
8.11 Transsion Holdings
8.11.1 Business Overview
8.11.2 Business Strategy
For more information about this report visit https://www.researchandmarkets.com/r/pix4fu
Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053
View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html
Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment-302126952.html
MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.
Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.
View original content:https://www.prnewswire.co.uk/news-releases/homestyler-to-recruit-first-batch-of-global-partners-in-20-countries-302127111.html
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