Smart connected devices generated $489 bln in 2011
The universe of smart connected devices, including PCs, media tablets, and smartphones, saw shipments of more than 916 mln units and revenues surpassing $489 bln dollars in 2011, according to IDC. Unit shipments for smart connected devices should top 1.1 bln worldwide in 2012. By 2016, IDC predicts shipments will reach 1.84 bln units, more than double the 2011 figure, as consumers and business of all shapes and sizes around the world are showing a nearly insatiable appetite for smart connected devices. This works out to a compound annual growth rate (CAGR) of 15.4% for the five-year forecast period.