"Digitization has already changed the way corporates work, employees interact and is making progress on how the government entities would function in the near future. It is a phenomenon in itself that gather momentum in the passage of times and ultimately become a valuable business enabler. To focus on the Indian market, it is important to note that the growth that we witnessing in the mobile phone market.
A digitized India will derive value from the connections between things and citizens, supported by networked processes to transform data into actionable information. The major trends according to us lie in the banking and finance, healthcare and education sectors. These sectors form the very base of our overall growth sentiment and digitization will only have a positive impact.
Logitech always puts customer experience first and that's why we're building a design-led company. We’re in the business of making unique experiences for consumers and hence Knowledge sharing becomes a key part for us. Partnership will only help us derive greater customer insights and further help us build products better. According to the recent report published, public organizations and private sector enterprises leveraging the Internet of Everything have the potential to create $511 billion in value in India over the next decade in terms of generating revenue, avoiding and reducing costs, or improving process and productivity. Which therefore means that companies will engage in knowledge sharing practices to drive digitization and ultimately aim at providing the customer a better experience. This results in more public- private or Private- private partnerships coming in to picture.
We believe that innovation, design and product quality are important to gaining market acceptance and maintaining market leadership. Logitech seeks to fulfill the increasing demand for interfaces between people and the expanding digital world across multiple platforms and user environments. The interface evolves as platforms, user models and our target markets evolve. As access to digital information has expanded, we have extended our focus to mobile devices, the digital home, and the digital world. All of these platforms require interfaces that are customized according to how the devices are used. We believe that continued investment in product research and development is critical to creating the innovation required to strengthen our competitive advantage and to drive future sales growth. We are committed to identifying and meeting current and future consumer trends with new and improved product technologies, as well as leveraging the value of the Logitech brand from a competitive, channel partner, and consumer experience perspective.
We have delivered a strong Q1 performance this year, with growth in sales and market shares in all our key market opportunities including Creativity & Productivity, Gaming, Video Collaboration, Music and Smart Home. It demonstrates that our diversified and innovation-focused portfolio strategy is working."
