A recent study by GSM Association titled ?Smartphone forecasts and assumptions, 2007-2020? has ranked India as the fourth largest smartphone market in the world. According to GSMA, India had 111 million smartphone connections in the second quarter of 2014, trailing China, US and Brazil.
The study finds that the developing countries overtook the developed nations in terms of smartphone connections in 2011 and currently, account for two in every three smartphones in the world. Asia Pacific accounts for about half of the global smartphone connections, even though smartphone penetration in the region is currently below 40 per cent
The study estimates that number of smartphone connections will grow three-fold over the next six years and will account for two out of every three mobile connections globally by 2020. Further, it forecasts that by 2020, four out of every five smartphone connections worldwide will come from the developing world.
