Brightstar strengthens focus on Indian market
By MYBRANDBOOK
2017 is an inflexion point for the Indian telecom and IT industries. To capitalize on this change, Brightstar has made a shift from ‘selling products’ to ‘providing solutions’ for its end customers across retail, online, enterprise and networking. We want to make the complicated simple. Brightstar believes India to be one of the most promising countries amongst the 100 countries it operates in. We will continue to invest across businesses, systems, and people to win in this market
Brightstar Corp, the largest global subsidiary of SoftBank Group Corp is the world’s leading mobile services & technology Solutions Company. Brightstar entered the Indian market after acquiring a majority stake in Beetel Teletech in 2014.
India – a crucial market for growth…
For Brightstar, India is a crucial market presenting tremendous growth opportunities across technology distribution and associated services in the handset, IT and networking space. In its two years of operations in the Indian market, Brightstar India has seen a 300 percent revenue growth from where it started in 2014. The business is projected to grow at more than 60 percent for 2017.
To lead the Indian market, Brightstar will continue to focus on the core distribution business, and excel across operations in the segments of, consumer affordability, business technology, network solutions, supply chain and reverse logistics space.
With significant investments in telecom infrastructure over the last few years, and a lot more in this fiscal year, cloud services have become more accessible to the mid-market segment. Cloud services are expected to be worth approximately $6 billion market by 2020. Brightstar will focus on the $2 billion+ SMB cloud market opportunity by 2020. Brightstar’s cloud solutions in SaaS and PaaS will provide strong offerings in and around “Video as a Service”, “Contact Center as a Service” and “Wi -Fi as a Service”.
In Network Solutions, the company will focus on the Mid-Market segment (SMB) and access network solutions to increase data penetration affordably in Tier 2 and Tier 3 cities. Brightstar also aims to enter the surveillance market soon. This is a new but rapidly growing sector estimated to be worth $300 million by 2020, with a projected growth of 43 percent over the next three years.
Some of the new offerings for 2017-18 from Brightstar India are - Financial services like Device Financing, Future Price Commitment, Gadget Insurance and Buy Back & Trade in.
Brightstar retains the Beetel landline phone product range, which continues to dominate the segment with above 75 percent market share. The company plans to take this range to various emerging markets soon.
The company has invested in building leadership from across industries including telecom, IT, retail, banking, and logistics to build in internal capabilities to deliver on its goals. With global expertise of handling emerging markets, Brightstar looks to provide customer focused solutions simplifying the business needs.
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