Worldwide smartphone growth is expected to slow to 10.4% (1.44 billion units) in 2015, down from 27.5% growth in 2014, according to IDC. Steady growth is expected until 2019 with shipments reaching 1.9 billion units.China is said to be a main focal point for global smartphone market; however, its shipments are likely to grow just 1.2% year over year in 2015, down from 19.7% in 2014. It’s share of the market is expected to drop to 23.1% in 2019 as other large markets such as India expand.”China clearly remains a very important market. However, the focus will be more on exports than consumption as domestic growth slows significantly,” said Ryan Reith, Program Director with IDC’s Worldwide Quarterly Mobile Phone Tracker. “India has captured a lot of the attention that China previously received and it’s now the market with the most potential upside. The interesting thing to watch will be the possibility of manufacturing moving from China and Vietnam over to India. We’ve begun to see this move as a means to cut costs and capitalize on financial benefits associated with localized India manufacturing. It is the local vendors like Micromax, Lava, and Intex that will feel the most pressure from international competition within its market.”Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

Source: iClarified Read More: Smartphone OS Market Share Not Expected to Change Much Through 2019 [Chart]