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Global 5G Smart Phone Market Expected to Gather $6,574.7 Billion by 2028 and Grow at 124.4% CAGR in the 2021-2028 Timeframe | Confirmed by Research Dive

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Global 5G Smart Phone Market Expected to Gather $6,574.7 Billion by 2028 and Grow at 124.4% CAGR in the 2021-2028 Timeframe | Confirmed by Research Dive

The global 5G smart phone market is expected to grow by 2028 due to the rise in demand for Internet of Things (IoT). Online channel sub-segment is predicted to be most dominant. Market in the Europe region is expected to have fastest growth rate.

Research Dive has added a new report to its offering titled, ‘5G Smart Phone Market by Operating System (Android, Windows, IOS, and Others), Sales Channel (Offline Channel and Online Channel), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028′.

According to the report, the global 5G smart phone market is anticipated to gather a revenue of $6,574.7 billion by 2028, growing at a CAGR of 124.4% during the 2021-2028 timeframe.

Dynamics of the Market

Drivers: There has been a growing demand and adoption of the IoT technology over the last few years. This surging demand is expected to boost the 5G smart phone market in the forecast period. Additionally, the growing demand for connected devices is also predicted to further the growth of this market.

Opportunities: Strategic alliances between key market players and business expansions by leading companies are expected to offer huge growth opportunities to the market during the analysis years. Moreover, the growth in demand for connected devices using cloud technology is expected to boost the market.

Restraints: High investment cost with respect to setting up of 5G towers may, however, prove to be a restraint in the growth of the 5G smart phone market.

Covid-19 Impact on the Market

The Covid-19 pandemic has overwhelmingly disrupted the global economic order. Most of the industries and markets are reeling from huge losses, one of which is the 5G smart phone market. The 5G smart phones industry has faced issues from both sides- supply and demand. Since there is a dearth of semiconductor chips, there has been an inadequate supply of raw materials. At the same time, there has been a fall in demand for 5G smart phones in the pandemic situation.

The restarting of business cycles of the semiconductor chipset manufacturing industries, however, has made the market analysts predict a growth in the market in the post-pandemic scenario.

Segments of the Market

The report has divided the 5G smart phone market into a few segments based on operating system, sales channel, and regional analysis.

  • By operating system, the Android sub-segment is predicted to grow the fastest by garnering a revenue of $3,448.9 billion by 2028. The ease of use associated with Android phones along with their ability to multitask have made them extremely popular. These features have helped this sub-segment to grow at such a fascinating rate.
  • By sales channel, the online channel sub-segment is expected to be highly profitable and register a revenue of $3,155.4 billion by 2028. The rise of e-commerce websites which offer numerous choices and varieties of products to the customers at a single place is expected to be the primary growth driver of this sub-segment.
  • By regional analysis, the 5G smart phone market in the Europe region is anticipated to be highly lucrative and garner $2,090.1 billion by 2028. The high disposable income of people in this region along with the growing demand for 5G smart phones have helped the market in the Europe region to grow rapidly.

Significant Market Players

Some significant 5G smart phone market players are

  1. Nokia Corporation
  2. Apple Inc.
  3. TLC Communications Ltd.
  4. Samsung Electronics Co. Ltd.
  5. Huawei Technologies Co. Ltd.
  6. BBK Electronics
  7. Xiaomi Corporation
  8. Motorola Inc.
  9. LG Electronics Inc.
  10. Lenovo Group Limited, among others

These players are formulating several business strategies like product development and enhancement, merger and acquisition, partnerships and collaborations to gain a leading position in the market.

For example, in November 2021, Verizon, a US-based telecom giant, acquired TracFone Wireless, Inc., the largest reseller of wireless services in the US. This acquisition will help Verizon to expand its customer base and will also help the customers in getting stable and uninterrupted high-speed 5G services.

The report also sums up various crucial facets including financial performance of the key players of the 5G smart phone market, SWOT analysis, product portfolio, and the latest strategic developments.Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Yango Launches ‘Elite’ Tariff, Showcasing Commitment to Quality

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Dubai: Embracing the ethos that excellence is not an act but a habit, Yango ride-hailing service is introducing the Elite tariff, a new premium service class, for its discerning users in Dubai. Designed for those special occasions when only the best will do, the Elite tariff redefines travel with elegant experiences.

Yango has always been committed to service quality, and the Elite tariff is no exception. Drivers for the Elite tariff are handpicked and have undergone rigorous special training designed to exceed rider expectations on every journey. This includes enhanced customer service training and etiquette to ensure every interaction is memorable. Passengers will experience travel in a class of its own, featuring top-of-the-line vehicles such as the Mercedes-Benz S-Class or BMW 7 Series. These cars are not just a means of transport but a part of the experience, combining comfort with unparalleled style.

Moreover, the Elite experience is tailored to pamper customers from the moment they step into the vehicle. Drivers will greet customers with courtesy, opening the door to add an extra touch of class. Inside, passengers will find a serene environment, complete with complimentary water, ensuring their comfort throughout the ride. Every detail, from the seamless booking process to the attentive service provided by partner drivers, is carefully considered to ensure Yango’s service quality leaves a lasting impression.

Islam Abdul Karim, General Manager, Yango GCC, commented: “We have poured our passion for quality into every aspect of this service, from the meticulous selection and training of our drivers to the curation of a fleet comprised solely of premium vehicles. What truly sets us apart is our extensive footprint in over 20 countries, which not only empowers us with a deep understanding of diverse customer needs but also fuels our drive for innovation. With the Elite tariff, we’re not just offering rides; we’re creating experiences that redefine luxury and convenience.”

Available now through the Yango app, the Elite tariff is more than just a ride — it’s a lifestyle choice. Following last year’s successful launch of the Kids’ service class, which catered specifically to the safety and convenience of families travelling with young children, the Elite tariff is a direct response to the riders’ demands for more bespoke travel options. For the next special occasion, choose Elite and turn every journey into a celebration of luxury and comfort.

For more information, please visit https://yango.com/en_int/ or download the Yango app from Google Play or the App Store.

About Yango

Yango is a tech company that transforms global technologies into everyday services tailored for local communities. With an unwavering commitment to innovation, we reshape and enhance leading cutting-edge technologies from around the world into seamlessly integrated daily services for diverse regions.

Our mission is to bridge the gap between leading world innovations and local communities, fostering connections and enhancing everyday living experiences. In addition to ride-hailing services, Yango Maps, Yango Delivery, Yango Play, Yango Tech, and Yasmina, an advanced Arabic human-like AI voice assistant, are also available in the UAE.

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Mappable launches Neurogeocoder API to revolutionize mapping solutions for UAE businesses

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Mappable

Mappable, a global company that brings powerful and highly customizable mapping solutions to the local markets, announces the launch of its new product — the Neurogeocoder API, which is now available to all clients in the UAE.

The Neurogeocoder API, powered by machine learning and AI, is a game-changer in geospatial solutions, particularly in light of the projected 14.2% CAGR growth of the global digital map market by 2030. Unlike standard geocoders with fixed algorithms set by the development team, Neurogeocoder’s adaptive nature ensures precise results, even with unstructured location queries containing errors or typos. This advanced tool allows for the seamless display of user-entered addresses on maps and facilitates the transformation of map points into detailed street addresses, ensuring precise and reliable location results. By recognizing local expressions for districts, towers, and roads, the Neurogeocoder effectively links them to specific addresses or points, a feat beyond the capabilities of standard geocoders.

The Neurogeocoder API is a powerful tool for various industries, including e-commerce, real estate, food-tech, ride-tech, and logistics. It helps quickly translate large address volumes into coordinates and vice versa, as well as process intricate or locally specific location queries for different business scenarios. For e-commerce, the Neurogeocoder can enhance customer service by displaying pickup points on maps, allowing users to choose the most convenient location when placing orders. For real estate companies, the tool can accurately showcase property locations, helping potential buyers visualize the surroundings to make informed decisions when considering a purchase. For logistics services, the API optimizes operations by providing accurate addresses to managers for better cost estimation of deliveries, leading to increased operational efficiency and cost savings for the business.

In addition to the Neurogeocoder API, Mappable offers a comprehensive suite of solutions tailored to multiple business needs:

  • Performative, customizable, and data-rich maps for clients’ websites, apps, or CRM.
  • Automatic geo verification and easy search by address, coordinates, and other parameters.
  • Navigation and route planning tools that take into account traffic and weather forecasts as well as other parameters, to help drivers, couriers, and other professionals efficiently move around the country.

“The UAE is rapidly progressing in the fields of technology, e-commerce, and smart mobility and we’re excited to support businesses on this journey. Mappable solutions allow companies to optimize logistics and enhance customer service quality by automating processes and reducing workloads on internal personnel, call centers and order-processing specialists. We know what local businesses need and are constantly updating our products, using machine learning and AI to give our clients the best possible mapping solutions. The newly launched Neurogeocoder is a great example of this. It understands our address-inputting habits and adapts to them”, explained Sabina Mirza-Akhmedova, Chief Executive Officer at Mappable.

Sabina Mirza-Akhmedova, Chief Executive Officer at Mappable

All Mappable solutions provide extensive customization opportunities, and a wide range of licensing choices. The company has also launched an online self-service desk, which gives easy and fast access to its APIs — for trial or license purchase. More information can be found at mappable.world.

About Mappable:

Mappable is a global mapping and geospatial solutions provider based in the UAE, offering powerful and customizable business solutions to local markets. With a focus on innovation and precision, Mappable provides cutting-edge mapping, geospatial, and navigation technologies to meet the diverse business needs of e-commerce platforms, retail chains, logistics and delivery firms, manufacturing enterprises, ride-tech and food-tech companies, telecommunications corporations, banks, as well as the public sector.

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Yango showcases latest innovations to transform urban transport at Mobility Live ME

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Abu Dhabi, UAE, Yango, an international tech company, made a significant impact as the Silver Sponsor at Mobility Live ME, the region’s most crucial event focusing on disruptive technology in mobility. Being committed to leveraging the power of technology to improve its users’ lives, Yango showcased its latest products and innovations and presented insights tailored to the MENA region’s evolving demands.

Building on its reputation for unique service offerings, the company recently launched Yango Drive, a comprehensive car rental marketplace integrated within the Yango SuperApp that is gaining substantial traction in Dubai. It features a digital booking system that offers an array of 3,500 cars, providing a seamless, high-quality rental experience from booking to return. This service reflects Yango’s commitment to comfort, convenience, and sustainability, supporting the shift towards shared mobility and aligning with the UAE’s Net Zero 2050 and Dubai Urban Plan 2040 initiatives.

Furthermore, in alignment with its dedication to enriching local communities, the ‘Prayer Mode’ for Muslim drivers was recently launched during the holy month of Ramadan. This feature facilitates drivers’ adherence to prayer schedules and includes innovative mapping and smart routing technologies to locate the nearest mosques. The app also mutes notifications during prayer times and provides directions to the Qibla, ensuring drivers can seamlessly balance their professional responsibilities with their religious practices.

Islam Abdul Karim, General Manager, Yango GCC, said: “We have seen great demand for our services since our entry into the market and are dedicated to developing a safe and comfortable urban transport system to keep up with this demand. With technology at the heart of our mission, we are not just responding to the current status but are actively shaping the future of mobility with innovative solutions and features. We will continue to set new standards in the industry, contributing to creating smart, sustainable cities.”

Islam spoke in a panel discussion at Mobility Live: “Movers and Shapers: Shining a Spotlight on the Game-Changers in Modern Transport Systems.” Shashi Shekhar Singh, Director of New Markets at Yango, delivered a keynote speech on the “Future of Mobility,” delving into how the company redefines urban mobility.

The company’s commitment to innovation is reflected in its diverse range of services, including Yango Maps, Yango ride-hailing service, Yango Play, Yango Tech, the advanced Arabic human-like AI voice assistant Yasmina, and many more, all of which are designed to enhance the everyday lives of local communities. As one of the leading apps in the region, the company is committed to supporting local transport providers, creating jobs, and fostering long-term partnerships with local communities and governments.

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