Smartphone Shipments Expected to Grow 7.4% Per Annum to 2019

The smartphone market is forecast to grow a compound annual growth rate (CAGR) of 7.4% between 2015 and 2019, with shipment rising from 1.43 billion to 1.86 billion, according to a report by IDC. It’s claimed that as the market matures, consumers will be enticed by both affordable high-value handsets as well as various financing options on pricier models.

It also expects vendors will push device trade-in options in developed markets to fuel the replacement cycle and encourage second device purchases.