Connected consumer device market in India is expected to record a 11% growth by selling devices worth Rs 3,24,960 lakh crore in 2020, as per a forecast by research firm TechArc.
“Users in India are moving beyond smartphone connectivity and moving to other connected solutions which apart from making them ‘smart’ substantially increase the utility of such devices,” said Faisal Kawoosa, Founder & Chief Analyst techARC, while releasing the 1st edition of ‘India Connected Consumer Report’.
“Fundamentally, this is being driven by two trends of creating a connected cluster around smartphones, being the hub and adding connectivity in consumer electronics led by smart TVs and smart speakers,” he added.
Smartphones will continue to lead the sales of connected devices both in value and volume. However, with normal growth outlook for smartphones, equipment manufacturers will explore adjacent products where there is still a lot of headroom for growth, the report said.
Source: Economic Times