The world's population is more than 7B, and there are 6.5B mobile phones. That's 93% market penetration. In India there are 1 billion mobile users with almost 500M smartphone and 200M laptop users. The average city person carries 2 mobile devices, and 85% of those are smartphones. Since we lag nearly 400M smartphone users behind china, it clearly shows for the next 15 years the market is going to be tremendous. With the increasing prevalence of mobile devices, more and more Indians are seeking repair services.
Our ever-connected society is increasingly reliant mobile devices - smartphones, tablets, laptops, etc. Devices are costly and easily broken, so consumers seek the highest quality economical repair solutions. Explosive growth in this industry over the past five years will only continue.
Earning $11 billion in revenue
Recognizing annual growth of 4.9%
Projected annual industry revenue rate of 10.9%*