Business Technology

Indian Smartphone market Record 14 percent Growth in 2017: Report

International Data Corporation released the quarterly data of mobile phone tracker on Tuesday. This report says that 2017 total of 124 million units in the Indian market has been made available by handset companies. A record increase of 14 percent compared to last year. After the growth of tens of digits, India has become the fastest growing smartphone market in the world. Talking of rivals, the Chinese market has weaknesses. At the same time, the US remains intact on the old level. In the year 2017, Samsung has maintained its lead in the feature phone segment with smartphones in the Indian market.

The IDC report also reveals that India is the world’s third-largest smartphone market. At the same time, India is the largest market in feature phones. In the year 2017, the feature phone segment saw an increase of 17 percent compared to last year. Its credit goes to Reliance Industries’s 4G feature phones and other rival handsets.

Indian Smartphone market

Speaking of data, in the year 2017, 164 million feature phones were made available in the market. This figure was 140 million in 2016. It is worth noting that in the fourth quarter of 2017, 56 million feature phones have been made available. It was the largest quarter in history. 67 percent increase compared to the fourth quarter of 2016. At the same time, 33 percent growth was recorded compared to the third quarter of 2017.

Samsung also kept the lead in 2017 This company is also the frontrunner in the feature phone market with smartphones. But in the fourth quarter of 2017, the company’s performance was extremely disappointing.

Indian Smartphone market

During this period, the company was ranked second in both segments. Xiaomi is at the forefront with 26.8 percent market share. At the same time, Samsung was second with 24.2 percent. Reliance Industries has acquired a 24.1 percent stake in the feature phone market. In comparison, Samsung is second with 14.5 percent stake. According to the IDC report, Xiaomi made three times the number of smartphones in the market compared to last year. At the same time, sold more than 20 million handsets in the offline market.

IDC India senior market analyst said that There were two major developments in the last quarter of 2017. Xiaomi snatched Samsung from the smartphone market, while Reliance Jio became the biggest feature phone company. The aggressive price strategy has contributed a lot in terms of the increase in the stake.

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