CIOL: Research and Markets has announced the addition of Indian Mobile Handset Market (2005) to their offering.
India has emerged as the second largest mobile handset market, poised for explosive growth by 2007. Industry observers are of the view that market within the Q1 (first quarter of) 2006 could well become a global hub for mobile handset manufacturers. With an eye on the impending growth opportunities, this market research report “India Mobile Handset Market (2005)” analyzes the current market scenario and the technological developments driving the demand graph. The report, quoting the experts’ view, estimates that the total market value worth Rs.8.05billion (US $2billion) as of 2004/05 will surge by 62% with approximately 100-million subscribers nationwide by 2007.
The study further reveals that Indian mobile subscribers are willing to pay for upgrades, value-based services, and advanced models that provide better services. Dominated largely by Nokia with a total market share of 59%, followed by Samsung (13%) and Motorola (7%) respectively, Indian mobile handset market is currently catering to 60 million subscribers (as of July 2005).
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