The number of cellular connections connected to smartphones is growing, and the most recent statistics show that smartphones now make up about 4 in 5 of the mobile phones currently in use worldwide. For instance, according to the GSMA, a mobile phone is now used by more than two-thirds of the world's population, with 5.44 billion "unique" mobile users in January 2023. The increasing adoption of smartphones and rising internet penetration is expected to drive the growth of the market during the forecast period.
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