The smartphone market has exploded in recent years, particularly in the last 12 months, and by the end of 2017, smartphone shipments will reach 1.7 billion units, research firm Ovum predicts. That would represent a staggering compound annual growth rate (CAGR) of just under 25 percent for the period of 2011 to 2017.
Wondering which mobile platform will benefit the most?
"Android will dominate the smartphone market over the next five years," said Adam Leach, principal analyst at Ovum. "While Apple has defined the smartphone market since it introduced the iPhone in 2007, we’re now seeing a sharp rise in the shipment volumes of Android, signaling its appeal to leading handset manufacturers."
According to Ovum, Android already accounts for 44 percent of the smartphone market, up 17 percent from 2010, and will scale to 48 percent in 2017. Apple's iOS platform (iPhone) will be in a distant second with a 27 percent share of the smartphone market, though will still play a big roll in the grand scheme of things.
"Although it will remain behind Android in terms of shipment volumes, Apple will continue to be a key player and innovator in the smartphone market over the forecast period," says Leach. "We expect Microsoft, despite its slow start, to have established Windows Phone as a relevant smartphone platform by 2017."
Which smartphone platform do you think you'll be rocking five years from now?