Brian Ventrudo, Ph.D.

Worldwide, sales of smart phones and tablet computers have skyrocketed. A report by Credit Suisse predicts annual sales of smart phones will cross the 1 billion mark in 2014, driven by the launch of lower-end handsets and increasing demand from China. Tablet computers are also experiencing rapid growth. Forrester Research projects sales of tablet computers to grow from 56 million in 2011 to 375 million in 2017, a compound annual growth rate of 46 percent.