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Indian Smartphone Market to Grow with a CAGR of 10.95% Till 2018

Published: Sep 03,2015

Research and Markets projected that the Indian smartphone market is expected to grow with a CAGR of 10.95% till 2018, based on its lastest addition of the "India Smartphone Market Outlook, 2018" report.

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According to “India Smartphone Market Outlook, 2018 ”, the Indian smartphone market is expected to grow with a CAGR of 10.95% till 2018. The featured phone still is covering a major part of the mobile phone market as compared to that of Smartphones. The segment with pricing below Rs.13, 000 is covering more than half of the Smartphone market in India. Samsung and Nokia's share are expected to decrease by 2018 whereas Micromax is expected to increase its share by then.

The report also reveals that E-Commerce players have emerged as strong distribution channel for smart devices, especially Smartphones. The decreasing prices of Smartphones, the EMI option available in the Smartphones are driving the Smartphone market in India.

The India Smartphone Market report is about the current market size of the smartphone industry and the reach. Samsung, Micromax, Karbonn, Intex are the leading companies in the Indian smartphone industry. Maximum market is covered by the north region. The west region comes in the second position. The least market share is covered by the south and the east regions of India. E-Commerce players have emerged as strong distribution channel for smart devices, especially smartphones in India.

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