The Smartphone Market in Japan is being driven by Constant expansion in network infrastructure
The Smartphone Market in Japan is expected to grow at a CAGR of 3.85% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.79 billion. In the Japanese market, there has been a significant rise in the adoption of foldable smartphones. This trend is driven by a fusion of innovation, consumer preference, and the space-saving advantages of foldable devices. The compact nature of foldable phones caters to the demands of urban Japanese life, where limited space necessitates a device that seamlessly transitions between a standard smartphone and a tablet with an expanded screen. Samsung's Galaxy Z foldable series is spearheading this trend, offering consumers a dual-purpose gadget for communication on-the-go and multimedia consumption at home.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Technology (iOS, Android, Others) Price Range (Between USD150-USD800, Less than USD150, Greater than USD800) Distribution Channel (Offline, Online) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Smartphone Market in Japan Research Report
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In Japan, the smartphone market is thriving with advancements in mobile payments, shopping, and banking through contactless payment systems. The latest 5G network technology and telecommunications infrastructure enhance the user experience, while high-quality cameras and AI-powered assistants elevate mobile photography and productivity. Rakuten Mobile leads the way in 5G services, offering live-streaming, mobile gaming, and mobile wallet features. Smartphones, also known as cellular phones or handheld computers, provide voice calls, text messaging, internet browsing, touchscreens, and cellular networks, all integrated with Wi-Fi for seamless connectivity. Mobile payment integration is a key feature, making transactions more convenient than ever.
The Japanese smartphone market is a significant segment of the global technology hardware, storage, and peripherals market, encompassing manufacturers of mobile devices, including cellular phones, within the larger IT sector. This market's growth is driven by several factors, such as the increasing demand for advanced 5G technology, the expanding adoption of Windows-powered smartphones, and the rise of e-commerce, mobile payments, mobile shopping, mobile banking, and contactless payment systems. Technavio projects that the global technology hardware, storage, and peripherals market will experience growth due to the escalating need for data centers, fueled by the COVID-19 pandemic's work-from-home trend. OEMs and retailers continue to invest in camera technology to enhance the user experience and remain competitive.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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