IMS Research analysts predict smartphone sales in Asia will quadruple by 2015, giving the region 29 percent of the global smartphone shipments.
Annual smartphone shipments in Asia will quadruple by 2015, giving Asia 29% of smartphone shipments during 2015, according to market research company IMS Research Ltd. (Wellingborough, England).
The growth will be driven by strong demand in China and India and this will present a challenge to the traditional smartphone vendors and an opportunity for competition as well as opening up a large grey market, the firm said.
Overall shipments of smartphones are forecast to increase at a compound annual growth rate of 25.9 percent between 2010 and 2015. However, IMS did not provide a forecast for the actual number of smartphone shipments it expects in either 2010 or in 2015.