Smart Phones & Devices Now Growing 3X As Fast as Babies Are Born
Working on business plans, I've an eye on statistics, and here are some new numbers from CTIA.
A post from .com by has the whole story. Here is a part:
A post from .com by has the whole story. Here is a part:
Hans Vestberg, [CEO of Ericsson] said this morning that his company expects there to be 8 billion mobile subscriptions live around the world in just 4 years. "Astute observers will note that there aren't 8 billion people on earth," he said. "We're definitely expecting multiple devices and subscriptions to be used by many people."
Vestberg emphasized that those 8 billion subscriptions would all be from human subscribers, too. Beyond those subscriptions, he predicted that there would be 50 billion network connected non-human devices in 10 years, representing 2/3 of all electronics. "All devices that can benefit from connectivity will be connected," Vestberg said in one of many references here to what's called the Internet of Things.
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Where is China in all of this, you might wonder? Yang Jie, Executive VP of China Telecom, which has 60% marketshare in China, spoke at CTIA this morning as well. He said China Telecom reported $35B in revenue last year, 47% of which coame from wireless. The company expects that percentage to surpass 50% next year. Jie said that China Telecom plans to put a major emphasis on the Internet of Things as well.
For context, AT&T reported $124B in revenue last year and Verizon $106B. 60% of Verizon's revenues were from wireless.
China is the largest mobile market in the world in terms of subscribers, fast approaching 1 billion mobile phones in use, but these numbers indicate that monetization of that market remains significantly smaller than in the US, where there are 300 million mobile phones.
Any way you slice it, though, the wireless industry folks here at CTIA expect major and game changing growth of connected devices to accelerate in the next few years.
