2020: the smartphone market aims for a 6 billion share

According to estimates released by CSS Insights, in 2020 the number of smartphone owners will reach 5.6 billion, a net increase compared to the current figure of 3.1 billion. The number of sold devices every year will increase from 1.5 billion in 2016 to over 2 billion in 2020, with an average growth rate of 7.2% on an annual basis. Driving the development will be Africa and Asia, where this year, 220 million and 85 million smartphones will be respectively sold, thanks to a gradual decrease in the cost of devices. A slowdown of the boom, however, is expected in markets of the more advanced countries, which are now close to saturation.