IC Insights published information on what they thought the compact camera marketplace will look like versus the cell phone camera (over 3mp). Here's my version using their numbers:
The blue is compact cameras, the green is cell phone cameras.
Pretty daunting, yes? The numbers work out to 144m compact cameras in 2015, 1.515 billion cell phone cameras produced in the same year. Compact camera growth is anemic, at best (2%), while from 2011 to 2015 the cell phone camera market triples (200%).
So if you were a camera maker, what would you do? If you wrote software for photography, what would you do? If you were to invest in a company associated with imaging, what would you invest in? If you were considering buying a low-end camera, what would you do? (Remember those 38mp images from the Nokia 808, described below.)