A look at India – the fastest growing mobile phone market in the world

India has been the fastest growing mobile phone market in the world for quite some time now. There are already 250 million mobile phone users in India and the number gets increased by 6 million every month, thanks to new users. There are a few reasons behind this impressive growth.

1. Indian economy is on a roll and has had an impressive growth over the past few years. This has increased the purchasing power of the people significantly, especially that of the middle class people. As a result, the 30 million middle class people in India are the target customer segment for mobile companies now.

2. The price range of mobile phones is quite big. You can get low-end mobile phones in the $20 - $30 price range and at the same time you can get high-end mobile phones in the $600 - $800 price range. So, whether you belong to the super rich category, middle class, or lower middle class category, you can get a mobile phone which fits into your budget.

3. There are several major mobile operators in India and there is intense competition in the market. Almost all of them have slashed their call charges, text message charges, and offer a lot of value added services. What this means to the user is, not only can he get a handset at an affordable rate, but he can also afford to keep his phone charges within his budget every month. This has led to more and more people buying mobile phones.

Recent reports predict that India will have a whopping 500 million mobile users by 2010. This is the reason why mobile advertising is considered the next big thing in the Indian market.

Though mobile advertising by third party advertisers is yet to become popular, several mobile operators are already doing it successfully. Notable players like Bharti Airtel, BSNL, Tata Indicom, Reliance, and Vodafone regularly send text messages to their users regarding latest offers, new plans, and other issues.

That said, a few big players have already tried their hands on mobile advertising through third party advertisers and have had a good response. Recently, Hindustan Lever and Coca Cola launched mobile advertising campaigns promoting their products and have had good response rate so far. Since Indians are very active in using features like text message, MMS, and mobile internet, mobile advertisers have tons of choices to come up with personalized mobile advertising campaigns.

All in all, India will be a market to watch out for in the next few years as far as mobile advertising is concerned.

Categories: Cell Phone Advertising, All things mobile phones.

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