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This IDC study presents the updated five-year forecast for smartphone shipments worldwide by operating system. The worldwide smartphone market will reach 1.17 billion units shipped in 2023, down 3.2% from the 1.20 billion units shipped in 2022.

The publisher has been monitoring the smartphone market and it is poised to grow by 464.20 million units during 2021-2025 progressing at a CAGR of 6% during the forecast period.

Revenue in the Smartphones market amounts to US$41.7bn in 2023. The market is expected to grow annually by 7.20% (CAGR 2023-2028). In global comparison, most revenue is generated in China (US$119.2bn in 2023). In relation to total population figures, per person revenues of US$29.39 are generated in 2023.

2023 Global Smartphone Shipments to Hit Decade Low As Apple Inches Closer to Top Spot. ing to preliminary figures from Counterpoint Research's latest Global Smartphone Shipment Forecast, 2023 shipments are forecast to decline 6% to 1.15bn units, the lowest in a decade.

Ing to preliminary figures from Counterpoint Research's latest Global Smartphone Shipment Forecast, 2023 shipments are forecast to decline 6% to 1.15bn units, the lowest in a decade.

The global smartphone market size was valued at USD 457.18 billion in 2021 and is projected to grow from USD 484.81 billion in 2022 to USD 792.51 billion by 2029, exhibiting a CAGR of 7.3% during the forecast period. Based on our analysis, the global market had exhibited a decline of -7.8% in 2020 as compared to 2019.

The worldwide smartphone market experienced a 10% drop in shipments, totaling 258.2 million units in the second quarter, ing to the latest research by Canalys. That figure indicates a slowdown in the market's rate of decline, as a previous report from April showed a drop to 269.8 million units.

Smartphone Market Analysis The Smartphones Market size is expected to grow from 1.45 billion units in 2023 to 1.78 billion Units by 2028, at a CAGR of 4.10% during the forecast period (2023-2028).

Google has released its latest big update called Android 11 R, which is rolling out now to the firm's Pixel devices, and to smartphones from a handful of third-party manufacturers.

Samsung has promised that Samsung Galaxy A12 will get Android 12. The expected release for this version is 07/2022.