The International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker forecasts worldwide smartphone shipments to decline 6.4% in 2020 to reach 1.285 billion units, down from 1.373 billion in 2019. The forecast follows the largest ever expected decline in the history. IDC expect the market to return to grow in 2021. In the long-term forecast, IDC expects the overall smartphone market to reach 1.466 billion units in 2024. IDC expects 5G smartphone shipments to reach close to 36% of global volume in 2021 and grow to 58% in 2024 Globally.
Reference: www.idc.com (International Data Corporation)
At BandwidthPlace.com, we see the smart phone and tablet market trends first hand. Below are some of the speed test results currently trending for smart devices from popular brands like Apple, Samsung, LG, Asus, and Amazon.