Smartphone Market in India is estimated to be US$ 514.32 million by 2030 with a CAGR of 6.5% during the forecast period

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Published Date: April 2023

The global Smartphone market accounted for US$ 275.80 million in 2020 and is estimated to be US$ 514.32 million by 2030 and is anticipated to register a CAGR of 6.5%. The report “Smartphone Market in India, By Type (Application Analytics, Campaign Analytics, and Service Analytics) - Trends, Analysis and Forecast till 2030”.

Key Highlights:

On February 19, 2020, Samsung announced the launch its most premium smartphone in a series of Galaxy A71- its newest addition to the popular Galaxy a Series. Powered with Samsung’s meaningful innovations, the new Galaxy A71 comes with a powerful processor and long-lasting battery to complement the needs of consumer’s on-the-go.
On October 22, 2019, The grand finale of OPPO PUBG MOBILE India Tour witnessed two days of intense gaming sessions with Team “Revenge eSports” emerging victorious and walking away with the prize of INR 50,00,000.

Analyst View:

Market Growth Drivers

Rising Smartphone Trade Campaign in India
Constant reduction in prices of smartphones

Opportunities and Trends

Rising Smartphone Trade Campaign in India
Rising impact of social media platforms

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Smartphone Market in India, By Type (Application Analytics, Campaign Analytics, and Service Analytics), - Trends, Analysis and Forecast till 2030.

Key Market Insights from the report:

The global Smartphone market accounted for US$ 275.80 million in 2020 and is estimated to be US$ 514.32 million by 2030 and is anticipated to register a CAGR of 6.5% . The market report has been on the basis of type.

By type, the mobile analytics market was dominated, and it is expected to reach high. In the current market scenario, mobile advertising is responsible for the largest share of digital advertising. For instance, Instagram's ad expenditure is increasing and brands more willing to up spend on the platform.

Competitive Landscape:

The prominent player operating in the smartphone market in India includes Apple India Private Limited, Lava International Limited, Lenovo (India) Private Limited, Micromax Informatics Limited, Motorola Solutions India Private Limited, Oppo Mobiles India Private Limited, Samsung India Electronics Private Limited, Sony India Private Limited, Vivo Mobile India Private Limited, Xiaomi Technology India Private Limited.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the market are included into the report.

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period.