IHS Markit researchers predict the global user base for smartphones will rise to 6 billion by 2020, up from 4 billion in 2016. Smartphone and tablet devices now comprise more than 60 percent of the smart-connected consumer device market, up from just 17 percent in 2008, IHS noted.
Several developments will likely drive mobile adoption. “Mobile innovations, new business models and mobile technologies are transforming every adjacent market as the mobile industry diversifies from the maturing smartphone market,” said Ian Fogg, Director at IHS Technology. “Revenues for smartphones shipped in 2020