-How Smartphones Relate to the Mobile EconomyOne of the clearest indications that smartphones are an integral part of the mobile economy, and the economy at large, is the fact that so many people now have them. According to the Pew Research Center, an estimated 64% of adults in the United States own a smartphone, while 90% of American adults own a cell phone of some kind. As smartphones continue to drop in price and increase in functionality, that 64% will inevitably increase.Globally, smartphone penetration has almost doubled in the past five years. In 2010, it was estimated that about 20% of the global population used smartphones, while by 2014 that number was estimated at 37%. If we look as far back as 2008 - which is the first full year that Apple's iPhone was available (and is widely regarded to herald the start of the modern smartphone era) - that number has more than tripled, from about 12% in 2008 to the 37% we see in 2014.-Economic Impact of Smartphones and AppsThere are numerous business articles that conclude smartphones have contributed to economic globalization and growth as they've been adopted at arguably unprecedented rates. The following are a few ways in which smartphones have contributed to economic development around the world. There is no question that the ability to communicate with others from anywhere in the world has contributed significantly to economic growth. However, it has also helped companies save money on expenses that are simply no longer necessary. For example, mobile-compatible conferencing software, such as Citrix's GoToMeeting, allows smartphone users to share both voice and data from worksites or any other mobile location. This reduces delays and substantially decreases the need for executives to physically travel to locations around the world.
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