25 Countries With Lowest Number Of Smartphones Per Capita

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In this article, we’ll discuss the 25 countries with the lowest number of smartphones per capita. If you want to skip our detailed analysis of the smartphone market and its recent trends, then go directly to the 5 Countries With Lowest Number Of Smartphones Per Capita.

Smartphone Market to Reach $790 Billion by 2029

Who knew these five-inch devices would someday rule the world, shape how industries work, and create a wealth of new opportunities? The truth is that smartphones have replaced books to be a person's best friend.

According to a report by Fortune Business Insights, the global smartphone market was worth $457.18 billion in 2021. The market is expected to grow from $484.81 billion in 2022 to $792.51 billion by 2029 at a compound annual growth rate (CAGR) of 7.3%. Asia Pacific had a smartphone market of $197.15 billion in 2021. The region is expected to experience the highest growth over the forecasted period. The increasing standard of living, along with the advancement in technology, has elevated smartphone usage in the region.

A Notable Startup Making Strides in the Industry

The smartphone industry is constantly evolving. Companies go to great lengths to innovate their smartphone designs. While big names like Apple and Samsung lead the smartphone industry, smartphone startups are joining the race. On June 28, Forbes reported how Carl Pei's smartphone startup, "Nothing," is leading with its unique smartphone designs. Carl launched his first phone with an Android operating system in 2020. The phone won awards for best design and garnered a huge following ever since its launch. Carl Pei launched the new version of the smartphone on July 11, this year. Carl carefully uses colors and design features to build a device with a minimal and monochrome user experience.

On June 28, Carl Pei announced he secured funding of $96 million for the new version of the phone. Adding to the funding the company received earlier, "Nothing" now boasts a total funding of almost $250 million. The phone builds on the idea of design sensibility and excitement that many companies need to experiment with today. Tom Hulme, head of Google Venture in Europe, shared his opinions on how the new phone by "Nothing" is a game changer for technophiles.

"Look at the Android ecosystem today. There is very little design sensibility, and the product range lacks excitement and a sense of exclusivity like the Apple ecosystem,"

This indicates how being solution-oriented helps individuals. People like Carl Pei coerce large smartphone companies to innovate and provide designs that solve consumer woes as a priority.