Newly Released Deloitte TMT Predictions report Predicts Over 1 Billion Smartphone Upgrades in 2015

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In-store smartphone purchases worldwide will increase this year  by more than 1,000 percent from last year. While the mobile wallet won’t replace the traditional wallet yet, 2015 will be a tipping point toward wider consumer adoption of in-store smartphone payments.

This is according to the 14th edition of Technology, Media & Telecommunications (TMT) Predictions, a report released by Deloitte Touche Tohmatsu Limited (Deloitte Global). 

Deloitte Global predicts that print books will continue to dominate the publishing industry and account for 80 per cent of all book sales by dollars and units, and that 2015 will be the year where enterprise will be ahead of consumers for adoption of new technologies such as 3D printing, Internet of Things (IoT) and drones.

”The quantity of smartphones bought as upgrades is unparalleled among consumer electronics devices. In 2015 smartphone sales will be greater in units and revenues than the PC, television, tablet and games console sectors combined” the report said.

“Smartphones are already being used to check balances, transfer funds and transact online, but they have not reached a ‘mobile wallet’ status globally,” said Jolyon Barker, MD, Global TMT Industry, Deloitte Global. “We predict 2015 will be the first year that all mainstream mobile requirements will be addressed, making smartphone payment options easier, with user friendly security in place.”

Read the full report here


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