Given the recent struggles of Nokia in the global smartphone market and the success of Android-based handsets, market research firm Nomura recently predicted Samsung to become the top smartphone manufacturer this quarter.

This would effectively end Nokia's nearly 15-year reign over the smartphone industry, as Nomura also predicted Apple to move ahead of the Finnish mobile giant for the No. 2 spot.

A number of factors have played into Nokia's shrinking market share in recent years. In addition to the success of other mobile operating systems, the rise of handsets powered by chipsets from Qualcomm and Texas Instruments has weakened Nokia's standing.

Furthermore, Nomura predicted Nokia's slide to continue into next year, with HTC taking over the third spot sometime in 2012.

"Nokia looks set to relinquish its smartphone crown to Samsung and Apple," Normura stated. "Further emphasizing the shift in power to Asia is our forecast for HTC to almost match Nokia during 2012."

Nomura's predictions seem to align with a IDC's recent report on the smartphone market for the first quarter of 2011. According to IDC, the global smartphone market grew 79.7 percent year-over-year during the first quarter.

Though Nokia held on to the largest market share with 24.3 percent during the quarter, Samsung posted the highest growth rate, increasing an astounding 350 percent over the first quarter of 2010. HTC and Apple also saw significant increasing, growing 229.6 percent and 114.4 percent, respectively.

Nokia, meanwhile, dipped significantly, dropping 12.6 percent, according to IDC.

However, Nokia does not plan to go quietly into the night. Earlier this year, the company inked a deal with Microsoft, which will put its Windows Phone operating system on Nokia smartphones. This partnership is likely to be a boon for both companies, as a separate IDC report predicted Windows Phone to become the No. 2 smartphone OS in the world by 2015, capturing more than 20 percent of the market.

As of yet, no devices Nokia devices based on Microsoft's mobile software have hit the market. However, according to recent reports, the early fruits of the technology giants' partnership are expected to arrive sometime later this year, boasting the latest version of Windows Phone 7, dubbed Mango.