DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/snx8m7/smartphone_market) has announced the addition of the "Smartphone Market in India 2011-2015" report to their offering.
TechNavio's analysts forecast the Smartphone market in India to grow at a CAGR of 116.4 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing demand for all-in-one devices. The Smartphone market in India has also been witnessing an increasing availability of dual SIM smartphones. However, lack of specific applications for Indians could pose a challenge to the growth of this market.
Key vendors dominating this market space include Apple Inc., HTC Corp., Nokia Corp., Research In Motion Ltd., and Samsung Electronics Co. Ltd. Other vendors mentioned in the report: Karbonn Mobiles, Lava International Ltd., LG Electronics, Maxx, Micromax, Motorola Mobility Inc., Sony Mobile Communications AB, and Zen Corp.
Commenting on the report, an analyst from TechNavio's Hardware team said: "To increase the penetration of smartphones among Indian customers, vendors are coming up with new strategies. One of the prominent strategies is the creation of the new segment: the Dual SIM segment in smartphones. As a result of the introduction of the Dual SIM segment in the Smartphone market in India, vendors are penetrating further into the customer base. This move is expected to attract dual SIM feature phone users into the smartphone customer base. However, the continual success of dual SIM smartphones is yet to be noticed in the Smartphone market in India during the forecast period."
According to the report, the fast-paced and mechanized lifestyle of people across the globe has created the demand for all-in-one integrated devices. Also, the availability of all types of information whenever and wherever through a smartphone is driving the demand for smartphones. Better data handling capacities and additional features of smartphones are the major reasons for the increasing smartphone demand compared to feature phones.
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