Technological advancements continue to change the way we live our lives. One of the most disruptive technologies of the past few years is the invention and adoption of the smartphone. And for some innovative companies, smartphone usage has opened up a world of opportunity.
From 2016 to 2020, smartphone users worldwide increased by 40%. Today, 45.1% of the world's population -- representing 3.5 billion people -- own a smartphone. By 2021, the number of people who own a smartphone is projected to increase to 3.8 billion. And by 2025, it's estimated that 72% of all internet users will rely on smartphones to access the web.
Not only are these technological shifts changing the way we communicate, learn, and work, but technology is also morphing more mundane aspects of everyday life as well. For example, the process of buying a cup of coffee or ordering a pizza can be radically different than it was before the dawn of the smartphone.