India to be second largest smartphone market overtaking US by 2017: Strategy Analytics

According to the latest analysis from Strategy Analytics, smartphone market will grow from 1.5 billion units in 2015 to a record 1.7 billion by 2017.

The research suggests, India will overtake US by 2017, to become the second largest smartphone market after China.

According to Research Analytics, China smartphone sales will rise 33 million units to reach 491 million units in 2016, and will reach up to 505 million units in 2017.

Indian market sales on the other hand is expected to see a rise of 31 million units to reach 149 million units in 2016, while in 2017 the units sales will reach up to 174 million units.

US market is expected to see a slow growth in the coming years. The sales will rise by 3 million units to 167 units in 2016, and will reach up to 169 units in 2017.

Chinese market will rise by 7 percent in 2016, while in 2017 the sales growth percentage will be 3 percent.

Indian market is expected to witness a rise of 26 percent in 2016 and will grow 17 percent in 2017.

US market will be seeing only 2 percent of sales growth in 2016, while in 2017 the growth percentage will drop down to 1 percent.

“We forecast global smartphone sales will grow from 1.5 billion units in 2015 to a record 1.7 billion in 2017. China, India and United States are the big three countries driving smartphone growth worldwide today and in the future.” said Neil Mawston, executive director at Strategy Analytics

 

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