Qatar Smartphone Market- Global Opportunity, Trend and Forecast to 2019-2025 - TraDove - 0 views
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emmaj3206 on 12 Mar 19"The Qatar smartphone market size is likely to reach USD 2.15 billion by 2025, experiencing a CAGR of 2.5% during the forecast period. In 2017, around 5.9 million products were sold in Qatar and the sales are estimated to increase at a significant rate over the forecast period. Surging demand for virtual/augmented reality gaming among professional gamers and youth is expected to drive the market over the forecast period. Excessive use of consumer electronics and technologically advanced phones among youth in Qatar is creating the need for frequent replacement of existing as well as outdated phones. Additionally, rising inclination of youth population towards communication and entertainment is anticipated to spur smartphone demand in this country. Reducing prices, coupled with technological advancements, are projected to promote product sales among different age groups in the country, including individuals that belong to the age group of 15-54. Increasing number of mobile broadband connections and growing online sales are further poised to bolster market growth over the forecast period. A few notable trends such as gifting electronic consumer devices to close relatives and friends, especially during promotions and discounts on smartphones in the country, are likely to boost product sales in Qatar over the forecast period. Additionally, in 2018, promotions and discounts offered by various smartphone brands evoked a significant response among customers in Qatar. Discounts on high- and mid-range phones offered by Samsung, Huawei, Sony, LG, and Xiaomi played a vital role in driving sales of phones in the country."