How Nokia plans to make it big in India
23.02.12
F or the period 2010-13, the market value is expected to grow at a CAGR of 13.5 per cent to reach $10.1 billion by 2013, and $20.7 billion by 2020.
These numbers have important cues for handset makers.
"In the next five years, or by 2015, smartphones are expected to go up -- from having 3 per cent of the overall handset pie in India to 30 per cent of the larger pie," said Deepak Kumar, research director at the International Data Council India, the global provider of market intelligence, advisory services and events for the information technology, telecommunications and consumer technology markets.
The new smartphone
According to market analysts, India is at that juncture where the smartphone segment will see exponential growth, driven largely by the need of the consumer to access data on the mobile phone.
According to forecasts by the IDC, by 2015, while the mobile handset units shipped in India is expected to dock 328 million, at a CAGR of 14.5 per cent, the smartphone segment is forecast to dock a CAGR of 68.4 per cent to achieve a shipment of 81.5 million in the same period.
Source: Rediff