India, the world’s second largest market for mobile phones is forecasted to become even larger market with unit shipment of 208.4 million in 2016 at a compound annual growth rate (CAGR) of 11.8 per cent from 2010 to 2016, according a market study.Market researcher Frost and Sullivan’s latest study finds the mobile handset market’s revenues in India soar from Rupees 255.91 billion in 2010 to Rupees 350.05 billion in 2016.
The smartphone market had unit shipment of 2.9 million in 2010 and anticipates this to grow to 29.4 million in 2016
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