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From personal finance and ERP applications to gaming and social media , the modern smartphone is capable of routinely performing tasks that would have been out of reach for the average personal computer even a decade ago . As users ’ digital presences become increasingly integrated , and IoT further interconnects everything from smart home appliances to vehicles , the smartphone is becoming more and more of a universal remote control . The physical limitations that a cell phone ’ s size places on capabilities like processing power and storage are also being overcome by the integration of cloud technologies . This has the potential to particularly impact the gaming space , as companies like Google Stadia and Vortex allow users to access the power of next-generation entertainment consoles through their mobile connections .
Today , almost 4bn people use a smartphone on a daily basis . The global smartphone market was valued at just under US $ 715bn last year , and is expected to exceed $ 1.3trn by 2025 . While the global COVID-19 pandemic is expected to cause smartphone sales to decline by about 2.3 % this year , ( according to Gartner , global smartphone sales fell by a full 20 % in the first quarter of 2020 ) a
JULY 2020