Proof Point
Global mobile subscriptions forecasted to grow 6.3% annually, from 2.9 billion in 2014 to 7.7 billion in 2020
Global Mobile Subscriptions
2014 and 2020F (billions)
Proof Point Findings
- Mobile Broadband Subscriptions Growth – Expected to reach 7.7 billion globally by 2020 from 2.9 billion in 2014, a compounded annual growth of 6.3%
- Smartphone Share – Will continue to drive mobile broadband growth, with smartphone subscriptions forecasted to grow from 2.6 billion subscriptions in 2014 to 6.1 billion in 2020
- Global Penetration – Estimated that 70% of the world's population will be using smartphones by 2020
- Growth Regions – Close to 80% of new smartphone subscriptions expected from Asia Pacific, Middle East and Africa
- Multiple Growth Drivers – Emerging market mobile growth driven by reduced mobile device prices and subscription fees, emergence of new younger consumers, and rising GDP; developed market mobile growth driven by increases in number of devices per subscriber
- New Types of Connected Devices – Broadband-connected machine-type communications (M2M modules) and Internet-of-Things expected to grow exponentially at 70% annually, from 50 million mobile subscriptions to 1.2 billion, enabled by reduction in prices of faster connections
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Date Last Updated |
December 5, 2016
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