Lucintel Forecasts MobilePenetration and Convergence Will Drive Global Mobile Internet Industry Over 2013-2018
Irving, TX, October 30, 2013 --(PR.com
)-- The global mobile internet industry is expected to witness robust growth and offer significant growth opportunities to the industry players over the next five years. APAC and ROW was the fastest growing region in the global mobile internet industry during the last five year and are expected to drive growth over the next five years.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the industry and presents its findings in “Global Mobile Internet Industry 2013-2018: Trend, Profit, and Forecast Analysis.” The global mobile internet industry is consolidated with top seven players. Asia Pacific region dominates this industry. Some of the major players in this industry are Nippon Telegraph and Telecom Corp., AT&T Inc., Verizon Communications Inc., and China Mobile Group Ltd. A combination of factors, such as increasing mobile broadband penetration, increasing middle class income with economic development, demographic trend, changing lifestyles, and technological changes are seen to have a significant impact on industry dynamics.
As per the study, technological advances are creating new media environments and allowing consumers to have a more involved experience. The introduction of new innovative applications, enhanced user experience, decreasing prices of 3G enabled handsets would be key drivers for mobile broadband. Mobile handsets with 3G and 4G rollouts will induce mobile internet spending over the next five years.
The Lucintel study indicates that the increasing use of social media enhances use of mobile handsets as increasing traffic on social networking sites and growing time spent online are attracting advertising and fueling growth in the mobile subscriber base. Global smartphone industry will almost double in 2018 from 2012 levels. APAC, Latin America, South Africa and the Middle East have good growth potential with the anticipated growth in GDP/capita in emerging economies, despite currently having a small industry.
Broadband subscriber penetration in APAC and ROW is currently at a very low level, new affordable smartphones and the numerous new connected devices on the market provide huge opportunity for growth in the region.
The report provides an overview of the global mobile internet industry.For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel’s service offerings includeSWOT Analysis, Target Screening,andMerger and AcquisitionConsulting.