By the end of the decade, there will be 9 billion mobile connections across the globe. And while 3 billion will be data terminals, dongles, routers and feature phones, the other two thirds will be smartphone handsets, according to the GSMA.
The organization that represents the interests of the world’s mobile operators claims that the smartphone market is poised for huge growth over the next six years — there are currently 2 billion handsets in active use — and that demand is being driven by consumers in emerging countries.
According to the GSMA’s latest study, “Smartphone forecasts and assumptions, 2007-2020,” published Thursday, developing economies overtook mature markets such as the US and western Europe in 2011.
“In the hands of consumers, these devices are improving living standards and changing lives, especially in developing markets, while contributing to growing economies by stimulating entrepreneurship. As the industry evolves, smartphones are becoming lifestyle hubs that are creating opportunities for mobile industry players in vertical markets such as financial services, healthcare, home automation and transport,” said Hyunmi Yang, Chief Strategy Officer at the GSMA.
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