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India is the second largest mobile handset market in the world (after China), and is poised to become an even larger market. Revenues of the Indian mobile handset market grew by 15% to touch USD 6.75 Billion in 2010-11 from USD 5.88 Billion a year back.

Mobile commerce is expected to reach $10 B USD by the end of 2013, representing an annual compound growth rate of 39% that will continue over the next five years. M-commerce growth is driven by many factors including the introduction of the various new use cases involving tablet PC's and the next generation smartphones.