With the massive popularity of modern smartphones, the smartphone industry is booming at a rapid rate. Besides that, the smartphone market is also expanding faster than ever. With new mobiles being launched and new technologies being discovered – the industry is changing every year.
From best camera mobile to best gaming mobile- the smartphone market is desperately trying to cater to the demands of smartphone users.
Despite its impressive growth, this market is yet to overcome the challenges. The industry now has many game-changers and big players. Moreover, with so many manufacturers and mobile brands, smartphones are now much affordable.
Anyone can buy the best phone for under 30000 without much hassle. But, what are the challenges? Know the essential aspects of the problems this tech industry still needs to solve.
Challenges in Smartphone Market: Important aspects to know
The innovation pace is still erratic
Innovation has lead smartphones to become more intuitive, intelligent, and faster. But the innovation pace is still erratic. So despite the regular innovations, sometimes the graph is not consistent.
The industry has become relatively stagnant in nature; You can find more or less the same features in the best camera mobile phones from different manufacturers. Moreover, manufacturers now need to ensure their innovation is something new and revolutionary. Otherwise, the industry could become stagnant.
The industry needs to control the price
The smartphone market is filled with so many manufacturers and brands offering thousands of mobiles. But there is no clarity on the price. The market needs to overcome the price challenge. Technology requires substantial investment.
But, the brands need to address the issue of budget in a consumer-friendly manner. There should be more products which offer great features at a reasonable rate.
Often buyers have to reconsider their options due to the high price tag. To ensure smartphones reach more people, they should be more pocket-friendly.
How much is too much?
The next aspect is the quality vs. price tag debate. With time, smartphone users are demanding more and new innovative features. At present, smartphones have become proper multitasking devices while offering calls, streaming videos, internet connectivity, photography, and gaming experiences. As the consumers are now demanding their devices to become more and more adaptive, the market needs to fund the limit.
Innovation makes smartphones excellent. But, studying too many features at once can shorten the life span of the device. Hence, the industry needs to define a standard rule of categorizing smartphones to ensure there is not too much in a single device, which leads to negative results.
The industry needs to make a standard of smartphones
The main problem in the modern smartphone market is the lack of the standard. You can find multiple contenders for the title of the best phone under 30000. Each of them is distinct and comes with different features. But, there is no standard to compare the phones.
For example, a model should have a better battery. In contrast, the other could have better cameras, while another may come with a better processor and chipset.
The smartphone market must devise a way to maintain the standard. A set standard of features will help the industry to remain in control. It will also allow the buyers to compare multiple models in a better way. However, without any established rules or guidelines, the smartphone market can become confusing for any buyer.
The devices need to be more secure
With time, consumers want a much more secure device. Using smartphones and apps has made our life much more monitored. In addition, users often sync their social media accounts and email or other media files. Unfortunately, this leads to identity theft and data theft in many cases.
Besides that, mobile banking and internet surfing are also posing threats to users. Often, cyber-attacks have stolen their credentials.
The smartphone industry needs to give importance to privacy and security issues by making it a priority. They need to innovate technologies that can prevent hacking, cyber-attacks, phishing, etc., and keep each user’s personal and financial data secured for the future.
Hence, the industry needs to think of more advanced features that prevent unnecessary personal data monitoring and protect users’ sensitive information.
The battery life is still a hurdle
The industry is yet to solve the battery life hurdle. Despite being a growing market, there is no such smartphone that offers good battery capacity. Modern phones come with so many exciting features. But, the battery life has shortened drastically, and buyers often demand a better battery life in the devices.
These are the main hurdles the smartphone market must overcome to ensure the smartphone industry gradually progresses towards innovation, introducing new-age technology while improving the user experience.
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