Indian Tablet market to grow at 40% CAGR: MAIT

MAIT has announced the findings of its first ever Tablet Study on the tablet revolution underway in the Indian market. According to the findings of the study, the tablet market is set grow at 40% over the next 5 years, compounded annually. 

Commenting on this new opportunity, Dr. Alok Bhardwaj, President, MAIT, said:  “The tablet market is the new blue-eyed growth opportunity in India.  It is fast becoming one of the drivers of rapid growth in the IT content consumption and hardware sector in India.”

He added, “With the introduction of several national and international brands of tablet in India, the market is witnessing a revolution of sorts with these devices changing the way services are delivered in various other sectors such as education, healthcare and governance. Tablets will soon enable and empower even our rural areas with services bridging the last mile connectivity gap through these devices.  We expect the market to touch 1.6 million units in the current financial year and grow to touch 7.3 million units by 2015-16”.

22-Oct-2012 07:40:20