ALSO READFree transport for women in Doon on New Year's eve Telcos to offer facility for users to know SIMs linked to Aadhaar Aadhaar has the potential to transform financial services: IAMAI UIDAI's conditional nod to Airtel for telecom eKYC till Jan 10 Soon no need to share Aadhaar ID for verification: UIDAI
After years of consistent double-digit growth rates, the number of global smartphone unique subscribers will grow by a single digit -- at 9.1 per cent -- in 2018 for the first time, a new report has said.
Powered by the rise of cheap smartphones, declining data prices and short replacement cycles, the smartphone industry has seen rapid adoption for the past 10 years.
"It is now becoming difficult to add new subscribers globally, and there are very few countries that can do this. However, smartphone manufacturers still have a very large opportunity," Satish Meena, Senior Forecast Analyst, said in a blog post.
Forrester expects to see significant disruptions in the next five years in eCommerce, mCommerce, digital advertising, social media, retail, mobile payments and banking and content as the smartphone becomes the preferred channel for online transactions.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)