ALBANY, New York, April 24, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) " Phablets and Superphones Market - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018, " the global phablets and superphones market is expected to reach USD 116.4 billion by 2018, growing at a CAGR of 44.1% from 2012 to 2018. The shipments of superphones and phablets are expected to grow at a CAGR of 25.8% from 2012 to 2018, and reach 825.0 million units by 2018. North America has been leading the global market in terms of volume as well as revenue, due to the increasing penetration of smartphones in the region. However, Asia Pacific is expected to be the largest and fastest growing market for phablets and superphones by 2018 in terms of volume sales and revenue. This is a result of the expected catapulting demand for phablets and superphones, especially in China, India, and Korea.
Browse the full report at http://www.transparencymarketresearch.com/phablets-superphones-market.html
Initially, mobile phones were used for traditional purposes such as messaging and making calls; however, with the passage of time and technological advancements, it became possible to use them as a handheld personal computer. Growing usage of mobile phones for different purposes such as viewing images and videos, accessing the Internet, and gaming among others resulted in the need for devices with larger display size and superior quality. This encouraged smartphone manufacturers to develop superphones and phablets, which are essentially smartphones with larger screen sizes.Related & Recently Published Reports by Transparency Market Research http://www.transparencymarketresearch.com/mobile-wallet.html http://www.transparencymarketresearch.com/unified-communications-market.html http://www.transparencymarketresearch.com/micro-irrigation-systems-market.html http://www.transparencymarketresearch.com/distributed-control-systems-market.html http://www.transparencymarketresearch.com/deep-packet-inspection-dpi-market.html Phablets occupied a small share in the global market, and accounted for a little over 12% value share of the overall phablets and superphones market in 2012. By 2018, superphones are expected to lose some share to phablets, but are forecasted to continue to dominate the global market with an expected volume share of around 70%.