India has been among the well populated smartphone market with a remarkable growth rate. A fresh report by Telecom Regulatory Authority of India shows the population of smartphone users in India crossing one billion mark to reach 1.03 billion. This makes India the second country in the world to reach one billion smartphone users right behind China which crossed the mark in 2012.
India with three time larger population as compared to the US has been among the key revenue generating smartphone markets. Against the four key smartphone carriers in the US there are at least twelve contenders in India fighting over subscribers. This is the same fierce competition that has made the phone bills is India the least expensive in the world.
Besides these the Indian market still has many untouched opportunities which are gaining attraction of smartphone makers all across the globe. Considering the remarkable growth the market seems ready to get new players into business. The Indian market is showing its potentials and the same is highlighted in the new report by the Indian authority.
While the US market is the first home for the flagships and high-end devices, in India, market is more open to high-end as well as entry level devices. However unlike the US market India with other Asian markets has attracted the manufacturers of the mid-range and entry level devices the most.
According to the details the number of smartphone users has been growing in India at a faster rate than the US since 2008. During last eight years it increased by 100 million users in the US while in India the number of new smartphone users almost surpassed the overall population of the US. Standing behind the neighboring Chinese market India has some uncontested opportunities.