- The major vendors in the Smartphone Market in Russia 2014-2018 include Apple Inc., Nokia Corp., Samsung Electronics Co. Ltd. and Sony Corp.
London, 03 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Smartphone Market in Russia 2014-2018. One major market trend is the increase in the purchasing power of the people. Russia, as a developing country, has witnessed an increase in the purchasing power of consumers, enabling them to buy the products of their choice, which has generated demand in the market.
The high significance of internet usage among people for various applications such as directions, social networking, m-commerce, and video streaming has increased the demand for wireless internet over the years. Low price and increase in accessibility of smartphones has considerably increased shipments. Most people use smartphones for social networking and messaging and this multiple utility factor is one of the major drivers for the market.
“The emerging wireless network infrastructure in Russia has led to an increase in demand for smartphones, which has become a key factor for the growing revenue in the market,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, recent advances in technology in smartphones, coupled with high screen resolution and better picture and camera quality, have helped smartphones gain popularity in the market.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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