The cellular industry, despite getting more than 100-percent penetration in many countries, is just getting started. According to the GSMA, the number of total wireless connected devices is expected to more than double from 9 billion today to more than 24 billion in 2020. That growth will be paced by strong momentum in mobile connected devices which are expected to increase from 6 billion today to 12 billion by 2020.
This will create a $1.2 trillion market opportunity for the wireless industry, a sevenfold increase from expected revenues in 2011, according to the study conducted by Machina Research.
To read the full, original article click on this link: Cellular devices to hit 24 billion by 2020 — Tech News and Analysis
Author:Ryan Kim
