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. 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:
- Global Phablet Market 2014-2018
- Global Mobile Computing Devices Market 2014-2018
About TechNavio
TechNavio is a leading global technology research and advisory company.
Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
