India becomes 2nd largest smartphone market after US

India has now overtaken the United States to become the world's second largest smartphone market after China, according to a report from Canalys Research.

With the country's overall smartphone shipments increasing by 23 percent year on year this past quarter, India's market is proving itself to be robust and stable.

With the trend among Oppo And Vivo shouting over their Selfie phones.

Xiaomi has announced that its latest version of custom skin, MIUI 9 will be launched in India on the 2nd of November along with a new smartphone which will focus on selfies.

Overall, the Indian smartphone market may seem to have stabilized, but it is still growing rapidly.

Smartphone quarterly estimate and forecast data is taken from Canalys' Smartphone Analysis service. Xiaomi's rise is in no small part due to its efforts in the Indian market and we expect the company to sit at the round table alongside monoliths like Apple, Samsung, and Huawei within the next few years. Global MIUI 9 is coming to India on November 2. The nearest competitor has 14 percent less market share. It means that India has overtaken the U.S.in sales with only China being at the first place.

According to Canalys Research Analyst Ishan Dutt, this growth comes as a relief to the smartphone industry. "Doubts about India's market potential are clearly dispelled by this result", web portal TechCrunch quoted a Canalys analyst as saying. Some rumors suggest that Xiaomi could be launching MIUI 9 tailored for Indian users, but going by the images tweeted out by one of Xiaomi India's official Twitter handles, it looks like there is more to it than just MIUI 9. With the exception of Samsung, most of the other smartphone market players here are based out of China. While Xiaomi was not even in the top five vendors two years ago, it is now catching up.

"Xiaomi's growth is a clear example of how a successful online brand can effectively enter the offline market while maintaining low overheads". We also add that to the end of the year Xiaomi will release the long-awaited budget phablet Redmi Note 5 with edge-to-edge screen, which has already undergone testing in TENAA.

Samsung, Oppo, and vivo are stronger in the midfield (between INR15,000 and INR20,000 or $230-$310), but Xiaomis go-to-market innovations might allow it to overtake the Korean manufacturer within a couple of quarters, said analyst Rushabh Doshi.