Online Distribution Platforms become a big plus point for the Indian market of Smart Phones, as they helps in increasing the sales at a very much higher rate in the second – half of 2020 amidst the lockdown situations
As per a new research report by Maximize Market Research, the INDIAN market for Smart Phones is expected to surpass US $55 million by the year 2026.
In spite of a huge decline in the sales of products, during the initial phase of pandemic spread and lockdown restrictions all over the country, the country is observed to pick up a quick pace for registering a CAGR of almost more than 8%, during the tenure of 2021 – 2026.
The Smart Phones industry in India, in the month of October, 2020, saw a strong demand of smart phone devices, reporting almost more than 40% year – on – year growth as the market accounted for around 20 million units of shipment, across the country. This huge shipments were majorly a result of deals and festive sales by various online platforms. Moreover, the rise in demand for smart devices also could be attributed to the 5G supportive devices, as the segment accounted for a sales of around 500 thousand units in the top cities of the country.
The report published by Maximize, along with various market dynamics, which could affect the market growth of Smart Phones in the region, the Value – Chain analysis, and the PORTER’s analysis for the Smart Phones market at a global level. The study is consolidated on the basis of three major segments and further into sub-segments, Operating System (Android, IOS, Windows), Distribution Channel (Online, Offline), and Price Range (Budged Phones, Mid – Range Phones, Premium Phones), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a City – Level comparison and a complete country – level analysis for the latest trends, along with the major key players, which include Xiaomi Communications, Samsung Electronics, LG Electronics, Lenovo, Apple, Oppo, Vivo, OnePlus, Google LLC, Huawei, Realme, Sony Electronics, Blackberry, HTC, and Nokia, among many others in the Smart Phones market, across the Country.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “INDIAN Smart Phones Market”
https://www.maximizemarketresearch.com/market-report/indian-smart-phones-market/87909/
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MAXIMIZE MARKET RESEARCH PVT. LTD.
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