Connect with us

Hi, what are you looking for?

Jewish Business News

Blogs

Emerging Markets to Lead Tech Sector Growth in 2015

Indian-boy-phone

 

The global consumer electronics market has been stagnant at around $1 trillion for the past three years. However, while mature markets are in a slump, there are other countries that continue to see considerable growth. According to a recent GfK report, the Top 10 growth markets in 2015 will all be emerging economies. 

Contrary to the common assumption that China is the largest growth market for the tech industry, GfK predicts that India’s market for tech devices will see the biggest growth in 2015. GfK expects total sales of tech devices in India to reach $34.8 billion in 2015, up $4.8 billion from this year’s expected total. Smartphones are the main growth driver in India, as handset prices have come down to a price that is affordable to many Indians.

China’s tech market, while much bigger in size than India’s, is predicted to grow by $1.8 billion in 2015, which would be a meager 1% increase over the estimated 2014 total but still enough to make China the second largest growth market in dollar terms.

Infographic: Emerging Markets to Lead Tech Sector Growth in 2015 | Statista

You will find more statistics at Statista

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis