Research and Markets (http://www.researchandmarkets.com/research/mx3jjr/united_kingdom) has announced the addition of the "United Kingdom Smartphone Market Assessment & Future Opportunities 2008-2018" report to their offering.

This study published by Tech Archival, United Kingdom Smartphone Market Assessment & Future Opportunities 2008-2018' brings focus on U.K. smartphone market's recent advancements and future growth prospects. The market demand for smartphones remained strong between the four year period from 2008 and 2012, registering an exceptional CAGR of nearly 45%. This mounting growth is estimated to grow at a CAGR of nearly 17% over the five years period between 2013 and 2018. U.K. Smartphone market is mostly dominated by players such as Apple, Samsung, RIM and HTC among which Apple continued its leading position with the launch of its most advanced smartphone, iPhone 5 in 2012.

Britons are now officially addicted to this widget as nearly 58% consumers in the U.K. own a smartphone which is one of the highest penetrations of smartphones globally. The underlying reason behind this mounting growth is the wide range of functions a smartphone offers. Two most common uses of smartphones in the U.K. are accessing internet and visiting social networking sites. Fortunately, U.K. has a very well established internet network with total U.K. broadband take-up reached more than 76% by 2012. The supply, distribution and retail network is highly established and capable to fulfill consumer demand effectively. The market is also full of offers and products which are available for each and every consumer according to his requirements. Benefitting from this excellent market environment, U.K. has emerged as a highly advanced smartphone market in all respects.' said Manmohan Joshi, Research Director at Tech Archival.

Tech Archival projects that smartphone sales in the U.K. will continue its unprecedented growth at a CAGR of nearly 17% over the five year period from 2013-2018, reaching annualised sales volume to 13.98 Million units. These figures are anticipated to drive market value to reach US$ 5 Billion mark by 2018.

Companies Mentioned:

- Apple Inc.

- HTC Corporation

- Nokia Corporation

- Research In Motion

- Samsung Group

For more information visit http://www.researchandmarkets.com/research/mx3jjr/united_kingdom