Looking forward, IDC expects shipment volumes to return to low singledigit growth in 2018 and the overall market to experience a compound annual growth rate (CAGR) of 2. 8 over the forecast period with volumes forecast toWe estimate the global market will grow at a 16 compound rate from 2015 to 2020 to hit about 3. 4 billion units shipped in 2020. Lowcost smartphones are proliferating across emerging markets, driving the feature phone closer to obsolescence. Feature phones now account for just 25 of total mobile phone shipments worldwide. Shipments growth smartphone market growth rate 2015
May 26, 2015 The changes are attributed, in part, to the Chinese smartphone market reaching saturation, which will make 2015 the first year that Chinas smartphone growth (2. 5 percent) will be slower than the worldwide market.
BI Intelligence The global smartphone market is expected to slow considerably over the next few years. Despite a recordsetting holiday quarter, 2015 was likely the last year of doubledigit growth for smartphone shipments. Global sales of smartphones to end users totaled 403 million units in the fourth quarter of 2015, a 9. 7 percent increase over the same period in 2014, according to Gartner, Inc. However, this was their slowest growth rate since 2008. In 2015 as a whole, smartphone sales reached 1. 4 billion units, ansmartphone market growth rate 2015 While the year 2015 recorded the highest worldwide smartphone shipments till date, the rate of growth has been declining. Going by projections, the shipments for smartphones in 2016 will be around the same levels as in 2015 but will pick up growing at around 2017 and 2018 backed by economic revival.