The Gross Developments in the Indian Smartphone Market

Technology, being the major development in our life is driving our lives at a fast pace. With the advent of new technology, now people have the urge to stay upgraded on every technological aspect; Which is why smartphones have taken over the responsibility to keep us updated every moment. And if talking in the context of the Asian countries, India is overtaking the global smartphone market by storm. Major reasons for such great developments are ‘The Whopping Smartphone market’ : India has the fastest growing smartphone market in the world and the stats prove that around 27.5 million devices have been sold in the second quarter of 2016. So, the probability according to Ericsson Mobility Report is that the mobile subscriptions are expected to hit 1.4 billion by 2021. Also, these reports states that India is on the constant move to incur gross profits from this sector by the end of 2020.

The global smartphone market itself is witnessing such great boosts due to the high demands in the east countries and the gross revenue is expected to reach USD 102.5 billion in 2020, doubling of what it is now. Western smartphone enterprises such as Apple and Google, are increasingly eyeing at the east countries for growth keeping in mind the gross users and adding features relevant to them.

Another contributing factor is the tech-savvy gen who are relentlessly upgrading themselves to the tech world and aspiring to serve as tech-human capital. With witnessing a gigantic boost to the Indian IT sector, the Mobile App Development sector is proving to be the best career option for the Indian IT people. According to Google India, in 2016, India overtook the USA in terms of world’s largest country demanding more Mobile App Developing courses as the search queries doubled for such courses. The career option of working as a mobile app developer in India, is undeniably cheaper than that of USA. Starting from the fact that there is abundant availability of technologically skilled human capital, to the rising no. of startups, the small app development companies which offer their services at competing prices and above all the gigantic growth of the smartphone sector. Also, the global IT analysts are believe that there is a probability that the global market of smartphones might have gradual growth till 2020 but on other hand India and Indonesia will keep incurring gross profits from their smartphone markets. So, if you are thinking to invest your time and money in the outgrowing Indian smartphone market, then now is the time.

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