SOURCE: MarketResearch.com

MarketResearch.com

April 11, 2012 04:08 ET

Market Research Projects Smartphone Market Growth at 19% CAGR Through 2016

ROCKVILLE, MD--(Marketwire - Apr 11, 2012) - MarketResearch.com has announced the addition of the new report "Worldwide Smartphone 2012-2016 Forecast and Analysis," to their collection of Smart Phone market reports. For more information, visit http://www.marketresearch.com/IDC-v2477/Worldwide-Smartphone-Forecast-6881762/

This IDC study presents a five-year forecast for worldwide smartphone shipments by region and operating environment. This market analysis looks at the worldwide smartphone market from 2012 through 2016. IDC believes that total smartphone shipments will reach 659.8 million units in 2012, up 33.5% from the 494.2 million units shipped in 2011. From there, smartphone shipments will grow at a CAGR of 18.6% until 2016, the final year of our forecast period.

"The worldwide smartphone market is poised for continued double-digit growth in the years ahead," says Ramon Llamas, senior research analyst with IDC's Mobile Phone Technology and Trends team. "Strong end-user demand, broader and deeper selection of smartphones at mobile operators and smartphone vendors, and lower price points will drive shipments higher in the years to come. Underpinning the market is the shifting operating system ecosystem. IDC believes Android will maintain its overall leadership position throughout the forecast period, but competition among BlackBerry, iOS, and Windows Phone will shift position each year."

For more information, visit http://www.marketresearch.com/IDC-v2477/Worldwide-Smartphone-Forecast-6881762/

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