Global Smartphone Forecast
The global smartphone market is expected to continue its growth trend in the next few years, according to a recent forecast.
The forecast, conducted by a leading market research firm, predicts that the global smartphone market will reach 1.5 billion units by 2025, up from 1.1 billion units in 2020.
This represents a compound annual growth rate (CAGR) of 10% from 2020 to 2025.
The Asia-Pacific region is expected to be the largest contributor to the growth of the global smartphone market, driven by increasing demand in countries such as China, India, and Indonesia.
The forecast also highlights the growing importance of 5G smartphones, with 5G-enabled handsets expected to account for over 50% of all smartphones sold by 2025.
“The global smartphone market is expected to continue its growth trend in the next few years, driven by increasing demand in emerging markets and the growing adoption of 5G technology,” said a spokesperson for the market research firm.
“The smartphone market is expected to reach 1.5 billion units by 2025, up from 1.1 billion units in 2020. This represents a compound annual growth rate (CAGR) of 10% from 2020 to 2025.”
Author's note: The global smartphone market is expected to continue its growth trend in the next few years, driven by increasing demand in emerging markets and the growing adoption of 5G technology.
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