Market research firm IDC has predicted that vendors would have shipped almost a billion Smartphones by the end of 2015.
According to IDC’s Worldwide Quarterly Mobile Phone Tracker, mobile phone makers would have shipped 472 million units by the end of 2011, a rise of 55 percent from 305 million in 2010.
The company also predicted that around 982 million Smartphones would have shipped by the end of 2015. The reason behind the rise in Smartphone shipments in being attributed to low handset prices, low cost data plans and rise in popularity of phones.
Google’s Android OS is expected to wield a Smartphone market share of 38.9 percent by the end of 2011 and will have a 43.8 percent share by the end of 2015.
"Mobile phone users around the world are turning in their 'talk-and-text' devices for Smartphones as these devices allow users to perform daily tasks like shopping and banking from anywhere," IDC analyst Kevin Restivo said in a statement.
"The growth trend is particularly pronounced in emerging markets where adoption is still in its early days. As a result, the growth in regions such as Asia/Pacific and Latin America, will be dramatic over the coming years."