With its big population and high demand, India is attracting smartphone market manufacturers like never before. With almost three overseas smartphone companies entering the country every month, domestic vendors are getting ready for the long pull. The young generation of the country is going gaga over the wide range of options available from the overseas market. There is a huge demand at this time and a good time for foreign companies to try their share of market in India.
With the festive season just round the corner, there will be a huge demand for smartphones in India. Owing to the rise in sales, India will overtake the US to become world’s second largest smartphone market by 2017, say experts.
China, India and the US are the three big countries driving smartphone growth worldwide. According to international research experts of the field, global smartphone sales are forecast to grow from 1.5 billion units in 2015 to a record 1.7 billion by 2017.
India is expected to overtake the US to become the world’s second largest smartphone market by 2017 behind China, selling an impressive 174 million units approximately. This visible growth wave in the country is believed to be driven by increasing retail availability of devices, low smartphone penetration, wealthier middle-class consumers and large scale promotions of various smartphone brands.
Some of the best expert predictions say that approximately 117 million smartphones will be sold in India in 2015. Nearly 458 million smartphones will be sold in China in 2015 which is expected to rise steadily to approximately 505 million by the year 2017. While in the U.S. market about 164 smartphones are expected to be sold which will rise considerably to 169 million by 2017. Check the latest research available for smartphones market on global and regional levels at http://emarketorg.com/cat/information-technology-telecom/ .