Tag: china mobile technology

Mobile technology in China is fueling innovation

At the moment, this industry makes up about 4 percent of the gross domestic product of that country.

According to a report that has been recently published, mobile technology makes up approximately 4 percent of the gross domestic product of China, as the country now has enough innovators within that industry to include itself among the highest in the world.

Around the globe, only the United States and South Korea have more mobile tech inventors than China.

This, according to a report that was issued by the Boston Consulting Group. It also stated that beyond mobile technology, China is watching a considerable increase in its community of app developers. It has been estimated that there are about 1 million people who are currently employed within the rapidly growing mobile application field. This is over twice the number of people who are working in that field in the United States.

It is clear that China has stepped onto the wave of mobile technology and plans to continue to ride it.

Mobile Technology - InnovationAccording to the report, “China has become a highly competitive place to import and assemble components into finished products, allowing the country to tap into its strong manufacturing base.” At the moment, the report says that the mobile tech sector in the country represents 3.7 percent of the country’s GDP. Moreover, its compound annual growth rate from 2009 through last year was recorded to be 17.7 percent.

The report stated that on a global scale, the mobile tech revolution is headed toward the next trillion dollar market. As the largest smartphone market, China has been rapidly improving its market share in areas that have higher value. The report also included the results of a survey that included the participation of 7,500 individual customers, as well as 3,500 small and mid-sized companies. The participants – both business and individuals – were from six different countries, including the United States, China, and India.

The mobile technology report expressed that “With the success of companies in the device space, as well as telecom equipment manufacturers, Lenovo Group Ltd.’s recent acquisition of Motorola has further strengthened China’s capabilities in mobile innovation.”

Xiaomi may beat Apple in China’s mobile technology market

Apple could face fierce competition as it begins to take the Chinese market more seriously

Apple is beginning to turn its sights to the Chinese market, but the company could face significant competition from Xiaomi. Few people outside of China may be familiar with Xiaomi. The company is a maker of smartphones and other mobile devices that has established a very strong presence in the Chinese market. Analysts at Rosenblatt Securities suggest that Xiaomi has the potential to compete with both Apple and Samsung in China.

Xiaomi manages to outpace Apple when it comes to sales, but lags behind Samsung

Xiaomi is often referred to as the “Apple of China.” This if a lofty title that the company has managed to attain through an aggressive approach to the market. Xiaomi has seen the rapidly growing popularity of mobile technology among consumers and has made efforts to satisfy the demand for smartphones and other devices that offer features that they are interested in, such as mobile commerce support and the ability to share digital content.

Engaging mobile consumers has managed to help Xiaomi find significant success

Mobile technology - Apple faces competitionCurrently, Xiaomi outsells Apple in the Chinese market, but falls behind when compared to Samsung. Many of the devices offered by Xiaomi actually resemble Apple’s iOS devices and the company itself approaches the mobile market in a similar fashion to Apple. When it comes to mobile commerce, however, Xiaomi is somewhat more cavalier than Apple. Apple has only very recently begun entering in to the mobile commerce space, opting to take a slow and caution approach to the market in order to avoid any significant disasters.

Consumers throughout China are becoming more mobile-centric, relying more heavily on mobile technology

Mobile commerce has become quite popular throughout China. Many consumers are opting to shop for and purchase products online from their mobile devices because it is more convenient. Companies that cater to these consumers are beginning to find significant success. Mobile consumers are becoming quite active in the market and are beginning to account for a significant portion of retail sales and revenue in various business sectors.