London, 06 January 2015 –The Phablets Market in the EMEA Region is expected to grow at a CAGR of 28.81 percent from 2014-2019, according to a new report from research firm TechNavio.
Phablets are an attractive option for consumers who either do not want to own both a tablet and smartphone, or who cannot afford both, as they offer the features from both devices. Additionally, the introduction of 3G and 4G networks has resulted in a rise in the unit shipment of phablets in many countries like the Netherlands, Spain, the UK, Germany and France.
According to the latest report by TechNavio, phablet vendors like Samsung and LG Electronics are also investing a considerable amount of time and money in phablet R&D.
“Although vendors are coping with some significant market challenges, phablets are still expected to witness high uptake during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, vendors are working with their respective R&D departments to come up with a better and more technologically advanced version of a phablet in the coming years. These advances in technology are essential for the growth of the Phablets Market in the EMEA Region over the projected period.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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