Smartphones & Tablets to Stay in Hot Demand Beyond 2017By: Shawn Hess - June 14, 2012
No doubt smartphones and tablet computers are some of the hottest selling products out there today. Some people would part with their automobile before they parted ways with their mobile device. It’s more than a passing trend, it’s part of a new lifestyle and it’s all about access to information and resources.
Few can deny that Apple is at the core of this revolution with innovative devices like the iPhone and iPad. The United States and the rest of the world is obsessed with mobile devices like no other machines that have come before them.
While the market seems to be saturated with competitors for the iPad and iPhone, the overall trends suggests there’s room for all of these devices. Global Information, Inc. sees the rising importance of mobile devices and mobile data usage as a critical component of modern society and they are tracking our habits and documenting the results in five important new reports.
Here’s what they say about the importance of these documents:
Understanding the growth curves of key markets is absolutely critical for players in this space. The United States leads the global adoption curve and represents the most mature market for smartphones. The state of the market in the US can be used to analyze likely endgame scenarios and outcomes as other markets around the globe mature. TechSci Research’s US smartphone market forecast to 2017 offers the insight companies, governments, and developers will need to stay ahead of this incredibly fast-moving industry.
The UK, in contrast, has lagged slightly behind the US market in smartphone uptake, which leads TechSci to forecast remarkable growth and penetration in their UK smartphone market forecast through 2017. After an astounding 300% uptake over the past decade, the UK market is still projected to grow at a CAGR of over 20% through 2017, pushing smartphones from 50% up to 80% of all mobile phones, and driving the market value to over $4.3 billion.
Canada’s growth has been slower, but their market is experiencing some upheaval as native son RIM witnesses the end of its long history of dominance. Even so, the Canadian smartphone market forecast through 2017 predicts a healthy CAGR of 13%, with Apple outpacing both RIM and Samsung over that time period.
Australia, like the UK, has also witnessed tremendous growth tripling the size of the smartphone market over the last 4 years, and while the Australian smartphone market forecast through 2017 is the slowest of these four – at a CAGR of 10% over 5 years – the market is still expected to reach over $3.72 billion (US) in that period.
Similar to the launch of its revolutionary iPhone product, Apple’s iPad completely reshaped the tablet PC market landscape on a global scale by selling tens of million units in just the first year after its launch. This complete upending of the tablet PC market can be credited to the fact that consumers realized that a gadget handier than a laptop, more powerful than a netbook, and more comfortable to use than a smart phone could actually exist. In 2011, the global tablet PC market reached $35.3 billion, and is expected to continue to grow rapidly into 2016. The tablet market in the US alone is anticipated to grow at the CAGR of around 10.8%, especially following wide acceptance and increased demand from the enterprise sector.
TechSci’s “United States Tablet PC’s Market Forecast & Opportunities, 2016” forecasts phenomenal growth in the US tablet PC market. Current trends and market acceptance of the tablet is rising, which will lead to significant growth in the short term. Major drivers for the tablet market will be ease of use, increased battery life, improved mobility, enhanced multitasking, instant on/off capability, and the incredible and increasing breadth and scope of software applications for various platforms.
The research indicates these mobile device trends will dominate society well into the future, so understanding them and harnessing the power that information brings is critical to the growth of business, government, and most other institutions.
Click on any of the individual links above to get a quick overview on what is covered in research, and contact Global Information Inc. for more information on how to receive the full reports.