Tag: india mobile industry

This will have the highly populated country taking the second position away from the United States.

According to a new report that has recently been released by Strategy Analytics, by the year 2017, India will have taken over the second spot when it comes to the leading players in the smartphone market.

If this is true, it will mean that India will have taken over the position in the mobile technology industry from the U.S.

In fact, this smartphone market study suggests that the top three players will have a direct correlation to the size of their population from 2017, forward. The report showed that India would take the second to the top position from the United States within the next two years, while China will continue to hold its first place seat. Although smartphone penetration is considered to be relatively low among the Indian population, as only somewhere from 110 to 120 million people (out of a massive 1.2 billion people) actually have these devices, it is believed by many in the industry that this is going to take a rather sudden and important change over the next short period of time.

The belief is that the size of the Indian population simply makes it too important for the smartphone market to ignore.

The report stated that “No serious global hardware or software player can afford to ignore the huge Indian smartphone market today.” It also pointed out that this year, alone, there would be 115 million smartphones purchased by people in India. It speculated that in the year 2017, there would be 174 million sold throughout that year, alone.

The reason that many experts believe that the Indian mobile market has suddenly become so hot is that there have been a range of new smartphone companies that have popped up all over the country, such as Micromax. These companies have managed to create a smartphone market in which these and other mobile devices are affordable to the people in India, while still offering them the same types of features that the more expensive devices from outside the country have to offer.

The company has now built up a massive amount of funding for its efforts to fund its next steps.

Xiaomi recently announced that its latest round of funding had closed at about $1 billion, and now it is going to take that money and pour it into efforts to open up mobile technology startups in India, as well as companies focused on connected devices and content aggregation.

The company is working on launching its own startup environment in India, comparable to what it accomplished in China.

In fact, mobile technology startups in India are included among the top priorities for Xiaomi in 2015. According to the head of Xiaomi India, Manu Jain, “We may co-develop, invest or launch their products. We have discussed with a few startups so far.” At the same time that these statements were released, the company declined to make any specific mention of the names of some of the startups that would be launched, or the size of the investment that it would specifically be making.

The company already labels itself as being a mobile technology and e-commerce business, not just a handset manufacturer.

Xiaomi has previously poured investments into Chinese startups that are focused on parts of the tech industry including wearable technology (such as in its fitness band), a video website, and in a smart light bulbs effort.

According to a Convergence Catalyst partner, Jayant Kolla, “Startups would find it lucrative to work with Xiaomi versus other corporates, as it is agile and has been able to grow, coupling the scale brought forward by both the internet and mobile era.” That firm is the Indian branch of one of Xiaomi’s most valuable startups on the globe and which managed to sell a million devices in the country in well under half of a year.

At the time that this article was written, Xiaomi was being valued at about $45 billion, and it has every intention to grow this year through its mobile technology and other startup investments in India. Though its past has been greatly based on smartphones, those are clearly only the beginning of what it has up its sleeves as it progresses into the future.