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Last updated on April 16, 2014 at 17:34 EDT

Sales of Multifunctional Smartphones Spur Decline in Demand for Portable Media Players, According to a New Trend Report Published by Global Industry Analysts, Inc.

January 24, 2014

GIA announces the release of a trend report on Portable Media Players. Market for Portable Media Players is projected to continue to decline as a result of the proliferation of smartphones with integrated media players and the rise of cloud music and Internet radio.

San Jose, California (PRWEB) January 24, 2014

Follow us on LinkedIn. – A Portable Media Player (PMP) is a digital media player that uses either a flash memory, microdrive or a hard drive for storing and playing various types of digital media files, such as music files, video clips, images and e-books. PMPs, generally known as MP4 players, include a liquid crystal display (LCD) screen or an organic light-emitting diode (OLED) screen. Convergence of mobile phones and consumer electronics has marked the decline in demand for portable media players, as consumers now increasingly prefer to listen to music stored in the cloud on their smartphones. Spiraling sales of mobile Internet devices (MIDs) is therefore expected to continue to exert pressure on the market for PMP.

The trend report titled “Portable Media Players” announced by Global Industry Analysts Inc., is a focused research paper which provides cursory insights into the product, future prospects and corporate initiatives of key companies worldwide. The report also provides global market estimates and projections for Portable Media Players/MP3 shipments in units for the years 2012 through 2017. Also covered are companies such as Cowon Systems Inc., CyberLink Corporation, Koninklijke Philips NV, Logitech Inc., Panasonic Corporation, Samsung Electronics Co. Ltd., SanDisk Corporation, Sony Corporation, Toshiba America Information Systems Inc., and X-Micro Technology Corporation, among others.

For more details about this trend report, please visit http://www.strategyr.com/TrendReport.asp?code=146220.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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For the original version on PRWeb visit: http://www.prweb.com/releases/portable_media_players/MP4_players_market/prweb11519694.htm


Source: prweb