No surprise here. The smartphone market in India is growing at a breakneck pace.
According to the International Data Corporation (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, 26.5 million smartphones were shipped to India in the second quarter of 2015 (2Q15).
Based on IDC’s data, that’s up 44% from 18.4 million units for the same period last year.
This strong second quarter performance saw smartphone shipments grow by 19% following a sluggish first quarter this 2015. However, this growth was specific to smartphones as the overall Indian mobile phone market shrunk by -6% in the second quarter of 2015 on a year-on-year (YOY) basis.
“IDC expects India to maintain a double-digit growth rate in the smartphone market over the next few years as people switch to smartphones and gradually upgrade to 4G smartphones as well,” IDC reports. “By 2017, we expect India to overtake the United States as the second largest smartphone market globally.”
To learn more, check out the report here.