India Continues To Be The Fastest Growing Smartphone Market In Asia

BANGALORE: International Data Corporation announces that India is the fastest growing smartphone market in Asia Pacific with a quarter-on-quarter growth of 27 percent in Q3 2014, reports Business Standard.

IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets.

"The market observed exceptional growth owing to festive demand and recorded a new high in smartphone shipments in third quarter of 2014. As a result, Indian smartphone market outshone other emerging markets in the Asia Pacific region in terms of quarter-over-quarter growth," the report said.

The overall mobile phone market stood at 72.5 million units in Q3.

According to Asia Pacific Quarterly Mobile Phone Tracker excluding Japan, vendors shipped a total of 23.3 million smartphones in third quarter 2014.

Kiran Kumar, research manager, client devices, IDC India said ,"Consumer need higher screen size phone to enjoy media content and with the 4G rollout expected in 2015, we expect 'phablets' segment to pick up again."

Samsung with 24 percent market share continues to be the market leader in the smartphone segment, followed by Micromax to 20 percent, Lava 8 percent, Karbonn 8 percent and Motorola 5 percent.

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