IDC Reveals 19.8 Percent Growth In Mobile Phone Market

The mobile phone market across the world has witnessed a 19.8 percent growth in the first quarter of the running year in comparison to the previous year, a new study by the market research firm, International Data Corporation (IDC) revealed.

According to IDC, this growth mainly resulted from a sky rocketing Smartphone market everywhere, especially in the emerging economies.

The data released by IDC also shows that vendors from around the world have shipped 371.8 million units in the first quarter of 2011, in comparison to 310.5 million last year during the same time frame.

IDC said in a statement on Friday: "Increasingly, mobile phone makers and carriers are making Smartphones affordable to a wider variety of people, which has helped drive the market to new heights".

It further stated that according to them, it is highly likely that the growth in the sales figure of mobile phones will almost entirely fuelled by Smartphones by 2015.

The data released by the market research firm featured Nokia at the top slot as the leading phone vendor in the world in terms of sales figure, followed by Samsung and LG on the 2nd and 3rd spots respectively.