According to a report quoting Ericsson, 6.64 billion people have smartphones. That is nearly 84% of the global population. The same report estimates that by 2025, 7.3 billion people will have smartphones. A Statista report coincides, saying that by the end of this year, 6.6 billion smartphone subscriptions will be live, and by 2025, nearly 7.3 billion.
The Global System for Mobile Communications (GSMA) recently released an extensive report revealing that in 2021 mobile technologies and services will generate $4.5 trillion of economic value. It added that the figure will grow by more than $400 billion by 2025 to nearly $5 trillion as countries increasingly benefit from improved productivity and efficiency brought about by the increased take-up of mobile services.
The Ponemon Institute released a study in 2006 entitled “How Much is the Data on Your Mobile Device Worth?” In it, the research institution, founded in 2002 in Michigan, USA, concluded the value of individual mobile phone data was worth $14,000.
In 2012, GSMA, Deloitte, and Cisco released a report revealing a link between mobile penetration and economic growth. “Mobile phones have improved communication, social inclusion, economic activity and productivity in sectors such as agriculture, health, education, and finance,” they wrote in the joint study.
It’s Time to Take Back Ownership of Your Data
As the venture capital firm Draper Dragon recently said in a blog, the issue is that centralized corporations…