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India on Fast Track to Becoming World’s Second Largest Smartphone Market; Will Happen by 2017!

According to Strategy Analytics India is on the fast track to becoming the world’s second largest smartphone market and that will happen by 2017. Worldwide smartphone sales are predicted to grow from 1.5 billion units in 2015 to 1.7 billion by 2017, said the same source.

A customer tries out an Apple Inc. iPhone 5C at a Reliance Digital store, a subsidiary of Reliance Industries Ltd., in New Delhi, India, on Saturday, Nov. 2, 2013. Reliance Communications Ltd. is the first Indian carrier to sell Apples iPhone with a service contract. Reliance will offer customers the iPhone 5S and 5C a two-year contract with bundled data services. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images
A customer tries out an Apple Inc. iPhone 5C at a Reliance Digital store, a subsidiary of Reliance Industries Ltd., in New Delhi, India, on Saturday, Nov. 2, 2013. Reliance Communications Ltd. is the first Indian carrier to sell Apples iPhone with a service contract. Reliance will offer customers the iPhone 5S and 5C a two-year contract with bundled data services. Photographer: Prashanth Vishwanathan/Bloomberg via Getty Images

China, India and US are three big countries that are driving smartphone growth all over the world. India will surpass the US over the next years, thus becoming the second largest smartphone market by 2017, selling 174 million handset units. 458 million smartphones will be moved in China this year, according to Strategy Analytics’  forecast.

This number will go past half a billion models in 2017, which is very impressive. Obviously, since China is placed first, its growth is slowing down and the market is maturing. India has the next growth wave right now with 118 million smartphones predicted to be sold there this year. Over the next two years that number will increase by around 50 million units.

USA will climb slowly from this year’s 164 million units to 169 million in 2017.

via Digitimes