India Poised to Become World's Second Largest Smartphone Market

Forecasting shows india ahead of competitors.

Latest findings from research firm Strategy Analytics indicates that global smartphone sales will grow from 1.5 billion units in 2015 to a record 1.7 billion by 2017. 

China, India and United Stateswill be the major drivers of this. Strategy Analytics also says India will soon overtake the United States to become the world's second largest smartphone market by 2017, selling an impressive 174 million units.

Linda Sui, Director at Strategy Analytics says, "We forecast 458 million smartphones will be sold inChina in 2015, rising steadily to 505 million in 2017. China has been the engine of global smartphone growth in recent years, but China is now maturing and slowing. India is fast becoming the next major growth wave. We forecast 118 million smartphones will be sold in India in 2015, increasing strongly to 174 million in 2017. India's growth is being driven by low smartphone penetration, expanding retail availability of devices, wealthier middle-class consumers, and aggressive promotions from local smartphone brands like Micromax."

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