The Internet Trends Report for the year is out. As most of us are aware that the verdict is as good as a holy book for any person who understands technology and its related world, tells go through in detail about what the report has to say (especially about India) the most powerful, speedily growing tech nation.
The stats following are mostly concentrated on how the Indian along with the Asian technology industry will shape up in the coming few years, hence will be utterly helpful for everybody who is planning their activities in and around technology sector. Hope you find it handy.
Kudos!!! India is the fastest growing population that uses Internet across different platforms:
Internet user’s growth rate- addition of at least 33%
Smartphone subscription growth- a whopping 55% add on
World’s growth rate of the Internet user’s went up by 8% and the smartphone Internet user’s growth rate was around 23% both showing a declining trend. However, the story is somewhat opposite when considered in India as the growth rates don’t seem to stop at around 33% and 55% respectively.
India leads in business on all the top Internet companies of the world
India is the BIGGEST Market for selling mobile phones from around the globe:
Big names in the mobile manufacturing industry are keenly eyeing to set-up their base in India; this is because the Mobile Internet traffic in India is about 65% of the total online traffic. This encouraging trend has got many renowned brands such as Xiaomi and Google interested in making their entry level smartphones in India. The count of people accessing Internet through their smartphones is increasing with every passing day.
On Global Internet Leaders list, India is either 1st or 2nd (hasn’t dipped lower ever):
This trend indicates that India’s is always under the radar for top Internet companies from around the world. Most of them are underway with their efforts of investing further capital and using the land for their potential growths.
40% of India’s e-commerce business roots through mobile Internet users:
India’s which is the 3rd largest market in the world has surpassed developed countries like the UK and US when the e-commerce sector is considered. With a constantly increasing Internet user base (last recorded at 232 million users) India tops the chats followed by China at a bit above 30%.
Around 2.8 billion people around the world are online now, that makes it 39% of the total world population:
39% of the world’s population is using Internet today. What’s interesting is that 28% from this count come from Asia (excluding China); hence this is more than an indication of the strong Internet penetration that is taking place in the developing economies in South East Asian countries.
5 Internet companies make up for the biggest online platforms:
Only 5 companies from the online business make up the biggest user platform for the Internet business, they are ranked in the following order-
These ranking give a clear idea about the raw money that the companies hold and the likely impacts they can bring about at any point in time.
Asian messaging apps are proving to be the best and of course gifting sleepless nights to the Internet companies from the west:
Asian origin messaging apps such as Line and WeChat have bought about several features that have become a subject of concern for biggies like Snapchat and Facebook. These new features are video calling, payments and media stickers and so on. The innovation once again proves that the popular names of the tech industry in the West need to look at the East for some fresh discoveries.
Homegrown Mobile brands to hurt global leaders:
Domestic brands like Micromax of India and Xiaomi from China are sure to pinch the profits of long ruling global mobile manufacturers like Nokia, Samsung and Apple along with others. The increase in their sales in recent times is almost unbelievable as they have managed to snatch market shares for themselves by pushing affordable mobile models into the massive Asian handset market.