Worldwide Smartphone Shipments Forecast to Recover with 4.0% Growth in 2024, Fueled by Android Growth in Emerging Markets, According to IDC (2024)
NEEDHAM, Mass., May 30, 2024 – Worldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The growth in 2024 adds momentum to the overall recovery IDC expects throughout the forecast as consumer demand slowly rebounds from the dismal past few years. The recovery will continue in 2025 with 2.3% growth expected, followed by low single-digit growth for the rest of the forecast period, resulting in a five-year compound annual growth rate of 2.3%.
"While the overall market will see a relatively strong recovery this year with 4% growth coming from almost all regions, it is important to note that the majority of the growth will be driven by Android, which is expected to grow significantly faster at 4.8% compared to 0.7% for iOS (Apple)," said Nabila Popal, research director with IDC's Worldwide Tracker Team. "The rapid growth of Android is coming off a tough two years, while iOS's softer growth is due to a strong 2023 and increasing competition in China that is denting its growth potential. However, if Apple makes a strong move around its AI strategy for iPhones, demonstrating clear use cases, it could accelerate the growth for Apple and revamp demand for iPhones, especially in China. Regardless of how this plays out, the good news is the smartphone market is finally out of the woods with a clear path of recovery ahead."
"5G-powered smartphones continue to fuel the market as these devices will display nearly 16% growth in 2024 as adoption continues to expand across all regions and markets," said Anthony Scarsella, research director with IDC's Worldwide Quarterly Mobile Phone Tracker. "The 16% growth in 2024 will be followed by another year of double-digit growth in 2025 (+13.2%) as 5G market share will climb to 74.4%, up from 67.2% in 2024. With 5G saturation in most developed markets, the growth of 5G in emerging markets will play a central role in driving shipments throughout the forecast period. While the overall smartphone market will have a 2.3% CAGR from 2024-2028, 5G shipments will deliver an impressive 9.1% growth rate for the same time period."
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NEEDHAM, Mass., May 30, 2024 – Worldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation
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Changing the way the world thinks about the effects of technology on business and society. International Data Corporation (IDC) is the premier global market intelligence, data, and events provider for the information technology, telecommunications, and consumer technology markets.
NEEDHAM, Mass., August 27, 2024 – Worldwide smartphone shipments are forecast to grow 5.8% year over year in 2024 to 1.23 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.
The smartphone market will reach 1.20 billion units shipped in 2024, up 2.8% from the 1.16 billion units shipped in 2023. From there, shipments will hit 1.30 billion units in 2028, the final year of our forecast period, resulting in a CAGR of 2.3%.
After two consecutive years of declines, global smartphone shipments will grow 5% YoY in 2024 to reach 1.23 billion units, according to the latest forecast from Counterpoint's Market Outlook Service.
NEEDHAM, Mass., June 29, 2023 – Worldwide revenues for private LTE/5G infrastructure will reach $5.2 billion in 2027, according to a new forecast from International Data Corporation (IDC).
Global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization.
Discover TechInsights' updated global smartphone shipment forecasts for 2024 and 2025, factoring improved economic conditions and regional adjustments. Read the full report for detailed analysis.
Taking into account the total population figures, the per person revenue in the Smartphones market for the United States is projected to be US$179.70 in 2024. Looking ahead, by 2029, the volume of the Smartphones market is expected to reach approximately 141.0m pieces units.
By 2030, we can expect smartphones to boast advanced security features like facial or iris recognition for secure unlocking. Additionally, advancements in encryption technology could make it even harder for unauthorized individuals to access your personal data.
According to projections from IDC, 80% of worldwide data will be unstructured by 2025. [1] Even though most enterprises already use data warehouses to analyze structured data, more are now turning to data lakes to leverage unstructured and semi-structed data in its native format.
Total revenue in the App market is projected to reach US$437.80bn in 2022. Total revenue is expected to show an annual growth rate (CAGR 2022-2029) of 7.84%, resulting in a projected market volume of US$781.70bn by 2029.
In 2024, the revenue in the Smartphones market in India is estimated to be US$44.6bn. It is projected to have an annual growth rate of 7.09% from 2024 to 2029 (CAGR 2024-2029).
– The global smartphone market grew by 8% YoY to reach 289 million unit shipments in Q2 2024, owing to better consumer demand in Caribbean and Latin America and Europe regions. – Samsung retained the top position globally, accounting for 19% shipment share, driven by Galaxy A-series.
Android maintained its position as the leading mobile operating system worldwide in the first quarter of 2024 with a market share of 70.7 percent. Android's closest rival, Apple's iOS, had a market share of 28.5 percent during the same period.
By 2029, the volume of the Consumer Electronics market is expected to reach 9,007.0m pieces. Furthermore, a volume growth of 1.6% is anticipated in 2025. On average, each person is expected to contribute a volume of 1.1pieces to the Consumer Electronics market in 2024.
2024 is now predicted to see global sales of US$588 billion. Not only would that be 13% better than 2023, but it's 2.5% higher than 2022's record industry revenues of US$574 billion.
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