The Global Accessories and Peripherals for Smartphones and Tablets Market to Grow At A CAGR Of 23.5 Percent over the Period 2012-2016

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Dublin, Oct. 7, 2013 (GLOBE NEWSWIRE) -- Research and Markets ( has announced the addition of the "Global Accessories and Peripherals for Smartphones and Tablets Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the increasing disposable income in developing countries. The Global Accessories and Peripherals for Smartphones and Tablets market has also been witnessing the increasing use of enterprise applications in smartphones and tablets. However, the increasing competition from high-end feature phones could pose a challenge to the growth of this market.

The key vendors dominating this market space are Fellowes Inc., Incase Designs, Otterbox, Sprint, and ZAGG Inc.

The other vendors mentioned in the report are Apple Inc., Griffin Technology, Power Support USA, Seidio Inc., and Xentris Wireless.

Commenting on the report, an analyst from the research team said: ''Smartphone and tablet vendors are increasing the number of applications that enable higher mobility for corporate professionals. The increasing proportion of interactive applications, such as video conferencing, which allows end-users to get connected irrespective of their geographical location, has made smartphones a preferred device in the Corporate sector. Moreover, the highly informative and internet-based applications in smartphones and tablets increase the product value for corporates more than for individual consumers. Hence, the demand for accessories and peripherals for smartphones and tablets is expected to increase during the forecast period.''

According to the report, development in emerging economies such as Brazil, Russia, India, and China (BRIC), Central and Eastern European (CEE) countries, and South Asian countries has led to an increase in disposable income in these countries. The rise in disposable income has increased the spending capacity of customers in these countries. Moreover, the purchasing capabilities and buying priorities of customers in these countries are gradually changing. As a result, the adoption of new technology and the latest products in the market has increased, leading to the high demand for these accessories and peripherals in the global market.

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Source:Research and Markets