According to the latest report from IDC (News - Alert), the mobile sector is currently an $850 billion global market, which comprises of 57 percent of the global telecom market and is also the fastest growing segment which will comprise 62 percent of the total telecom market in 2010.

 

Over 1.3 billion subscribers will be added by 2013 in addition to many other exciting trends and developments in this market which is driven by subscriber growth. This included the demographic expansion of smart devices, growth of mobile broadband, and access to a wide range of applications.

 

IDC is the leading global provider of market intelligence, advisory services, and events which primarily caters to the information technology, telecommunications, and consumer technology markets. IDC enables IT professionals, business executives, and the investment community in making fact-based decisions on technology purchases and business strategy.

 

The four major trends which will transform the mobile industry as identified by IDC are as follows:

 

Courtney Munroe, group vice president of worldwide telecommunications at IDC states that the mobile sector is in transition from its earlier focus on subscriber growth. The expanding demographics of smartphones and new operating systems, the arrival of mobile broadband, and the tremendous growth of applications and content have combined together to transform the landscape of mobile telecommunications.