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Mobile & Wireless

Smartphone market to show 25% CAGR to 2017

Thursday 3 May 2012 | 12:50 CET | News
Smartphones will outperform the overall market for mobile phones, growing at a compound annual growth rate of 24.9 percent for the period 2011–17 to reach 1.7 billion units, according to Ovum. The total mobile phone market will grow at a slower 6.3 percent CAGR over the period, driven primarily by demand from emerging markets where connection growth will continue to fuel handset shipments. New shipments in developed markets, such as North America and Western Europe, will be almost entirely made up of smartphones, while feature phones will continue to play a small role in emerging markets in 2017. The market researcher expects Google's Android to be the dominant operating system over the next five years. Android handsets accounted for an estimated 44 percent of the smartphone market in 2011, significantly up from 17 percent in 2010. Ovum predicts this will grow to 48 percent in 2017, as Android-based smartphones grow at a CAGR of 26.8 percent over the forecast period. Apple's iOS will be the second most widely deployed software platform in 2017, accounting for 27 percent of the smartphone market, a slight increase on its estimated 23 percent share in 2011. The Windows Phone platform, with the assistance of Nokia, will account for 13 percent of the smartphone market in 2017. Despite losing significant market share since its high point in 2009, Research In Motion's BlackBerry platform is still expected to hold 10 percent of the market in 2017.

Categories: Mobile & Wireless
Companies: Apple / Google / Nokia / Ovum / Research In Motion
Countries: World
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