A Snapshot of the Global Personal Tech Market #infographic


A Snapshot of the Global Personal Tech Market #infographic

For many, without the use of a cell phone, it's becoming hard to work in everyday life. 96 times a day, which is once every 10 minutes, the average American checks their phone.

But it's not just cell phones that are more and more intertwined with our daily lives. A plethora of accessories and services, referred to as smartphone multipliers, have increased in popularity, and this demand is projected to produce revenue of $459 billion by the end of 2020.

On this lucrative market, which brands are capitalizing? Today's graphic offers a snapshot of the leading tech brands currently dominating the personal tech space, based on the latest data on shipments and installs from the global market share.

We have picked a few common devices to hone in on, albeit far from exhaustive, offering essential insights into some of the top players in the personal tech space as of 2020.

Smartphones are an integral part of personal tech conversation, with an estimated 5.8 billion mobile users worldwide by 2025, or around 70 percent of the world 's population.

Huawei and Samsung jointly hold, at 20 percent each, the largest share of the global market. The dominance of the Chinese company Huawei is concentrated in its home region, where it collects almost half the sales of smartphones. Like Huawei, in its home country of South Korea, where it makes up 67 percent of the market, Samsung's market supremacy is intensified.

While Apple lags marginally behind Huawei and Samsung in global sales, in the U.S., where it captures 46% of market share , the company rules.

Why in other parts of the world isn't Apple as successful? Price is a major factor. 90% of smartphones in India , for instance, cost about $300, while iPhones start at $999.

A Snapshot of the Global Personal Tech Market #infographic

infographic by: www.visualcapitalist.com

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