When it comes to the smartphone ecosystem, the APAC region, and India in particular, is undoubtedly one of the hottest prospects across the world. We have already analyzed the state of the smartphone market in India at length in the past. There is no doubt that India is rapidly becoming the next frontier for the smartphone manufacturers and represents the single largest opportunity for explosive growth. However, as lucrative as the smartphone economy is, it has also spawned several other industries which are immensely successful in their own right. The chief among these is the smartphone app economy. Today, the smartphone app forms the basis for the immense success the smartphone has enjoyed. It is the fundamental building block of the smartphone ecosystem.
Given the central importance of apps to the smartphone ecosystem, it is natural to wonder about the state of the mobile app industry in India. This thought-provoking analysis addresses few of the most important questions every app developer in India must be concerned about:
- Has the recent smartphone boom in India had any effect on the regional app economy as well?
- What is the growth potential for developers, and what trends are dominating the industry?
Let’s delve deep into it.