United Kingdom Smartphone Market to Grow at a CAGR of 3.60% During the Forecast Period
Excellent network with broadband speeds and well-established retailer’s network is influencing United Kingdom’s Smartphone Market. According to TechSci Research report, “ United Kingdom Smartphone Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” With increasing demand from the smartphone industry, the United Kingdom Smartphone market will reach USD18.35 billion by 2027F, growing at a CAGR of 3.60% during the forecast period. Due to the increase in internet use, demand for over-the-top platforms, and technological advancements, smartphone sales are expected to increase across the country during the forecast period. The rising popularity of over-the-top platforms and the increase of 5G connectivity are shaping the smartphone market in a new way. Smartphones have not experienced the pandemic-related rise of certain consumer electronics devices, such as monitors or headphones. Replacement of a phone was not a top priority for customers in 2020,