The U.K. is the top-grossing mobile business in the world with more than $3.2 trillion in revenue in 2016, according to a new report from UBS Global Technology Research.
topped the chart with more mobile revenue than China ($2.9 trillion), the United States ($2 trillion), and France ($1.8 trillion).
This is the first time U.M.A. has topped the top 10 list, the research group said.
In fact, U.B.T. has surpassed UBS to become the second-most popular mobile business globally, after Google Mobile.
This is a huge shift from the U-S.
where mobile revenues have been growing at an annual rate of 3.2% in the last four years.
“Mobile revenues continue to be on the rise and it’s a reflection of the great mobile ecosystems we’ve built,” said Alex Riddell, senior mobile services analyst at UBS.
“U.S. smartphone and tablet shipments have been on the decline since the advent of the Internet and mobile data, but the UBS research team is confident that mobile services are poised to make up the ground in the coming years.”
Here are some other findings from the study: U. S. smartphone shipments fell to 2.1 billion units last year, from 3.7 billion a year earlier.
U. K. smartphone sales grew to 4.5 billion units, from 4.6 billion a decade ago.
France was the top smartphone market, with nearly three times as many units sold as the U.-K.
“This is an important indicator of the potential impact of the UBB growth, and also an indicator of its potential to become a competitive leader in the global mobile ecosystem,” Riddells said.
The growth in U. B.T., meanwhile, was “the most pronounced since 2011, when the company achieved an annual growth rate of 10.6% and had more than 10% of the market,” he added.
The study noted that U.Y.
B, a Chinese company, had grown its mobile business to $2.6 trillion in 2016 from $1.5 trillion a year before.
UBS estimated that UB.
T. will become the biggest mobile business by revenue by 2025, beating out Google, Apple, and Amazon.
“By 2025, UB will be the top mobile operator in the United Kingdom, France, Germany, the United Arab Emirates, Saudi Arabia, India, and China, with a market share of 20% to 25% and over 10 million mobile users,” Riddles said.
UB.’s growth is expected to continue in the near term as U.A., a Japanese-based mobile service provider, continues to grow its mobile revenue, he said.
“These new entrants will have a major impact on the UB market, as they will likely push the company out of the premium category and into the mid- and lower-tier,” Rissell said.
By 2025, it’s expected U.O.
B will overtake Google and Apple to become one of the top three mobile operators in the region, beating Apple and Amazon, according a report from NPD Group.