Amazing India to have 1 billion smartphone users by 2026

India will have 1 billion smartphone users by 2026 with rural areas driving the sale of internet-enabled phones, a Deloitte study said on Tuesday. India as top 5 over population country in the world nowadays had 1.2 billion mobile subscribers in 2021, of which about 750 million are smartphone users. It is poised to be the second-largest smartphone manufacturer in the next five years.

Amazing India to have 1 billion smartphone users by 2026

This growth is likely to be propelled by the rural sector at a compound annual growth rate (CAGR) of 6 per cent, compared with the urban sector growing at a CAGR of 2.5 per cent from 2021 to 2026. "Higher internet adoption is expected to fuel demand for smartphones; this increased demand will be propelled by the need to adopt fintech, e-health, and e-learning," it said.

Internet-enabled devices in the rural market will also get a push with the government's plan to fiberize all villages by 2025 under the BharatNet programme.

"The smartphone market is expected to reach 1 billion smartphone users by 2026,".

Approximately 95 per cent replacements in the urban market in 2026 will be toward new smartphones, while only 5 per cent will be toward pre-owned phones compared with 75 per cent and 25 per cent, respectively, in 2021.

Related Post:


Popular posts from this blog

Leonel Messi Profile and His Achievements in The World of Football

Pengalaman Beli Rumah Pertama Kali (Part 3) - Akhirnya Sukses Melakukan Akad KPR Syariah dan Akad Jual Beli Rumah dengan Sangat Lancar

Cristiano Ronaldo Profile, His Mansions and His Luxury Cars