While for many years we have assumed that the US would always be the largest market in every area of technology, it seems that this is not the case. They may have championed the wireless networks, they may be at the forefront of the technology but it is China who is in top spot, with India having just taken over the US and jumped into second place.

After a period in the technology wilderness the Indian market is making a massive push for dominance with mobile phone companies, internet companies and computer companies all making a major play for this area of the world. While there is still a massive gap between the rich and the poor in India, the demand for all forms of wireless technology has been amazing. Companies are literally fighting with each other to get a slice of the action with the cost of entry for companies moving higher and higher all of the time.

Official figures from Indian telecoms regulator, Trai, have stated that currently there are over 261 million wireless network subscribers in the country against figures for the US of 257 million. India has arrived and many believe that there is still much more growth to come in the short, medium and longer term.

As you might guess, it is the mobile telecoms market which has seen, and continues to see, most growth with sector leaders such as Vodafone and many US carriers very prominent in the market place. Interestingly we are still seeing major growth in landline telecom connections, something which bodes very well for the mobile phone industry with many of those likely to show an interest in the mobile phone market in due course.

While China continues to lead the way in the wireless network sector India has taken second place from the US and many believe there is substantial growth still left in the country. Can the US fight back?