Hyperconverged sales have grown 64.7% year over year during the first quarter of 2017, amounting to 24.9% of the total market value, according to IDC.
Apple's IT revenue reached $218 billion (₹14.05 lakh crore), making it the top vendor for 2016.
Key new entrants have entered the Indian wearable market primarily through retail stores, while online vendors like Xiaomi and GoQii are exploring offline channels to expand their customer base.
Modular PLCs are expected to grow swiftly and establish themselves as the most popular product segment by 2021, according to Technavio.
The electronics industry, however, still needs to boost domestic production to meet the government’s vision of turning India into a manufacturing hub.
Fifteen companies are forecast to have semiconductor capital expenditure of 6,799.48 crore (≥$1.0 billion) in 2017, up from 11 in 2016, according to IC Insights.
The shift in consumer demand from fitness bands to watches and other products allowed Xiaomi and Apple to topple Fitbit’s reign in the wearables market space.
Chinese vendors dominated more than half of the smartphone market share in India, while homegrown vendors' share dipped to a mere 13.5% in Q1 2017.
China-based companies bagged 4 spots in the top 5 of major players in the Indian smartphone market. Local vendors scramble to release new launches to cover lost ground but will still have to face stiff competition.
The emergence of blockchain-based applications is driving substantial investment in IoT-oriented projects.