LONDON, Nov. 2, 2016 /PRNewswire/ -- Persistence Market Research presents an eight-year forecast of the global smartphone market in a newly published report. The primary objective of the report is to study market trends and drivers and offer updates on market opportunities in the global smartphone market for the forecast period 2016-2024. For ease of understanding of market dynamics and projections, the report is categorically divided into three sections that analyze the global smartphone market on the basis of Operating System, Distribution Channel, and Region. The report provides insights into market performance and analyzes the global smartphone market in terms of market value and volume over the forecast period. Smartphones are the most demanded electronic devices today owing to a change in the lifestyle of people, where owning a smartphone is not just a necessity but a norm. Rising disposable income increases the probability of consumer expenses on media, entertainment, and networking and mobile communication; leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. The instances of smartphone adoption are very high among the urban population as compared to the rural population - and hence there is high demand for smartphones in developed regions (where the urban to rural population ratio is higher than developing regions). The report begins with an overview of the global smartphone market. This section includes an in-depth analysis of key trends, drivers, and restraints from the supply, demand, and macroeconomic perspectives. Impact analysis of key growth drivers based on the weighted average model are included to provide deeper insights for informed decision making. The subsequent sections analyze the market on the basis of operating system, distribution channel, and region, and present a forecast in terms of volume and value for the next eight years.