Demand for smartphones in South-East Asia hit a new peak in the first half of 2015, as consumers across the region’s seven key markets continued to spend and generated over US$8 billion in sales value in the first six months of this year, according to market research firm GfK.
Frost & Sullivan said its new report on the Asia Pacific APT Solutions Market finds that the market, comprising both on-premises products and cloud-based solutions, earned revenues of US$117.9 million in 2014, and is estimated to reach US$658.7 million in 2019.
The mobile games industry in South-East recorded impressive growth and reached over US$1 billion in revenue in 2014, according to Frost & Sullivan.
In the last six months, over US$2.3 million worth of health fitness trackers have been snapped up in Singapore, according to market research firm GfK.
Malaysia’s IT spending is expected to increase to RM65.1 billion (US$17.9 billion) in 2015, a 7.5% rise from last year, according to the latest forecast by Gartner Inc.
Singapore’s affluent population and well-developed Internet infrastructure have been playing a major role in driving consumers’ appetite for connected gadgets, according to market research firm GfK.
According to Taiwan-based research house TrendForce, market leader Samsung and No 2 vendor Apple maintained their positions, with combined global smartphone shipments of 518 million units, but came under pressure from Chinese brands.
Consumers in Asia Pacific’s emerging markets remain optimistic despite a slight decline in overall consumer confidence for the region, according to the MasterCard Index of Consumer Confidence.
IDC estimates that online games revenue in APeJ will reach US$30.39 billion in 2018, at a compound annual growth rate (CAGR) of 18.53%.
Despite recent technological advancements in mobile devices and consumer trends shifting towards the latest portable products, sales of mobile computers managed to hit nearly 4.9 milllion units in South-East Asia’s six key markets in the first three quarters of this year.