Global Smartphone Sales 2015 – 2017: India Will Surpass The US [REPORT]

Must Read

Apple Store In India: More Of Disappointment Than Excitement?

Apple has started making moves to strengthen its presence in India. With the launch of Apple online...

Windfall! Online Grocery Market In India Looks Set For Purple Patch Ahead

Silver linings are clearly in short supply in the pandemic fuelled world that we have come to...

Facebook’s Chasm Of Distrust: An Ever-Deepening Divide

Facebook, the world's most popular social media platform has failed measurably as it is voted as the...

Global Smartphone Sales is estimated to grow from 1.5 billion in 2015 to 1.7 billion by 2017, according to the latest report from Strategy Analytics. What is more interesting is that India will leapfrog US to become the second largest smartphone market by 2017. China, India and US, together, will account for nearly 50 percent of global smartphone market by 2017. However, smartphone market has started showing a sign of slowdown, as the year over year growth will decline from 16 percent in 2015 to mere 5 percent in 2017.

The growth and sales forecast figures don’t surprise much as stagnation smartphone market in the US will hit the wall soon. Consequently, almost every major smartphone manufacturer has either ventured or is gearing up to make India debut. According to the report, India is the only country in the world which will be recording a double-digit year over year growth for the next few years, while the yearly growth in China and US will fall 7% and 2% by 2016.

The report also claims, in 2015, nearly 458 million smartphones would be sold in China, making it far bigger market for smartphone components, app developers, mobile service providers and OTT solutions providers. Little over 31% of global smartphone sales will take place in China, which will remain constant by 2017, forecast the report.

Advertisements

“China has been the engine of global smartphone growth in recent years, but China is now maturing and slowing”, says Linda Sul, Director – Strategy Analytics.

It would be the first time when India will cross 100 million mark as the sales of smartphone devices in the country is estimated to reach 118 million, accounting for about 8% of global smartphone market 2015. Unlike US and China India will see a constant growth in the upcoming years. The year-over-year growth will slow down tough; the country will still remain the most favorite market for all smartphone manufacturers for a very long time. By 2017, the contribution of India to global smartphone sales will also reach in double-digit, estimates analysts at Strategy Analytics.

The smartphone sales growth in India is driven by the low smartphone penetration, growing demand of entry-level smartphones and increasing buying power of middle-class. A country with nearly 940 million mobile subscriptions is the fastest growing smartphone market now.

Nearly 155 million smartphones were shipped in India by the end of 2014. In the light of these new figures on smartphone sales, it safe to estimate that smartphone user base in India will touch half-a-bilion mark by the end of 2017.

The report also highlights the stagnating smartphone market scenario of the US. With just 1% growth between 2016 and 2017, the yearly growth in US smartphone market will be dead. From 164 million in 2015, the sales of smartphone will rise up to just 169 million by 2017.

While the smartphone sales figures look exciting, the dependent markets – solution, app, services – are pegged to actual devices in use only. According to eMarketer report, there would be 2.4 billion active smartphone users by 2017. However, 50% of phone users by then will still be using feature phones. Therefore it is clearly evident that smartphone device market will have a long way to go. The average selling price (ASP) of smartphones has declined to $265 and people are upgrading or replacing their smartphone more often than before. The replacement cycle of a smartphone has come down from 19 months to 14 months, however, the duration varies country to country though.

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

The Raining Discounts Are Coming As Flipkart And Amazon Gears Up For Festive Season Sale

The festival season is about to begin and eCommerce majors in India Amazon and Flipkart are aiming...

Amazon, Google And Microsoft Are Extreme Angry With TRAI

The big three of the tech industry - Amazon, Microsoft And Google - seems to be quite annoyed. Cloud...

New Android Malware Steals Your Banking Credentials And Let Hackers Access Your Smartphone

If you are an active user of banking apps on your Android smartphone, you must pay close attention to it.

An IT Service Help Desk Is Essential To Drive Business Growth

There's no debate about the fact that an IT service desk, when properly run, leads to both short-term and long-term business growth....

Chinese Investment In Indian Startups Is Now A Distant Dream

When the Indian Government changed its FDI policy in late April, China got handed the short end of the stick for investing...

Why Is Google Pay In Hot Water in India?

Google Pay has been treading in hot water over a Public Interest Litigation as of late. The company is...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This