Home > Communication > Smartphone Market To Grow 7% In 2017, Say Analysts

Smartphone Market To Grow 7% In 2017, Say Analysts

Strategy Analytics have predicted that global smartphone sales will continue to build on a larger trend of growth in 2017.

The firm say the category will grow 7%, up on 2% in 2016.

According to them, “worldwide smartphone volumes will steadily expand by +36% from 2016 to 2022. Asia Pacific remains as the biggest region, followed by North America. Africa Middle East will maintain the highest growth rate through 2021. The three largest smartphone countries by far in the next five years will be China, India and the USA, due to their massive populations.

They say the world’s top 20 countries will ultimately account for 79% of worldwide smartphone sales in 2017 and – going forward – stabilize at that level.

Strategy Analytics recommended vendors “prioritize these top 20 countries, and take extra attention to the most of the biggest addressable country markets.”

IDC’s latest numbers saw smartphone vendors shipped a total of 347.4 million smartphones worldwide during the first quarter of this year, an increase 4.3% on the 332.9 million units shipped in the first quarter of last year.

You may also like
Samsung To Beat Own Production Forecast of Phones And Tablets
HMD Continues Budget Streak With New Atlas Smartphone
New HMD Skyline Smartphone Reportedly Arriving In July
Nothing Sub-Brand CMF To Launch First Smartphone
Samsung Galaxy Z Flip 6 Might Feature A Significant Display Upgrade