The telecommunication services are registered as the essential key elements for the economic growth across the world. The Indian telecom services market has recorded exponential growth in the past few years. As a result, the market has emerged as a second largest market in the world.
The Indian telecom service market is estimated to touch $103.90 billion by 2020 at a CAGR of 10.3% during the period from 2015 to 2020, according to Infoholic Research. The penetration of telecom services in all the verticals has been increasing and enterprises are looking for data center and cloud services. The adoption of the mobile services is evolving across the country and Infoholic research has predicted that wireless service market is estimated to touch $39.02 billion by 2020. “The market is largely driven by the key verticals such as BFSI, IT/ITES, Retail, Government,” said Tariq Shaik, Research Operations
The Indian Telecom services market is one of the fastest growing markets in the world. Telecommunications is one of the prime support services needed for rapid growth and modernisation of various sectors of the economy. The policies and regulatory frame works implemented by TRAI (Telecom Regulatory Authority of India) created a potential environment for service providers. The increasing network coverage and decreasing of tariff rates due to heavy competition were the potential drivers in the past few years. Some of the major players include Bharti airtel, Vodafone, Idea Cellular and etc. The report provides unique insights into and in-depth analysis of Telecom Service Providers in India, drivers and restraints as well as growth opportunities. It also contains analysis and forecasted revenues, competitive landscape, company profiles and industry trends.
The India has become one of the attractive markets for the international companies and domestic companies and development activities have been increasing in India due to rapid economic growth and FDI investments. The telecom sector has registered a huge growth from the past few years. As a result India has become the second largest telecommunication networks in the world today. The subscriber’s base is increasing in urban and rural regions. The government bodies of India have taken major actions to provide a business friendly environment for the enterprise in telecom sectors. Players are more aggressive in the market and they are coming with new technologies, services and new ideas into the market. Most of the vendors are focusing on launching 4G technologies in upcoming years, new services such as cloud and data center services will create high penetration in the market. As a result, most of the major players may focus on these service markets. The telecom services market is estimated to reach high growth in forthcoming years due to high penetration in mobile service markets and technologies, wireline networks, etc. In all the verticals adoption and usage of telecommunication has been increasing. Subscriber’s base is increasing day by day in rural and urban regions. Further, upcoming smart cities and digital India will boost the WiFi technology growth. The Indian Telecom Services market is expected to grow at a CAGR of 10.3% during the period from 2015–2020, mainly driven by the wireless services. The wireless services market is expected to drive the telecom services market than that of other services and it is expected to grow at CAGR of 9.3% during the period from 2015–2020. The BFSI and retail verticals are expected to grow at a CAGR of 6.6% and 6.2%, respectively, during the period 2015–2020.
By Product Type:
Data Center Services
Bharat Sanchar Nigam Limited
Bharti Airtel Limited
Sistema Shyam Teleservices Ltd – MTS India
Tata Teleservices – Tata DoCoMo
Idea Cellular Ltd.
Essential Key Takeaways:
• Indian telecom services market is estimated to reach a CAGR of 10.3% during the period 2015–2020.
• Wireless Services market is predicted to reach $39.02 billion by 2020 with a CAGR of 9.3%.
• 4G technology service is estimated to reach a CAGR of 26.6% during the period 2015–2020.
• BFSI and IT/ITES organizations are engaging more with the customers through mobile applications. BFSI segment is expected to reach $15.16 billion by 2020, at a CAGR of 6.6% from 2015 to 2020.
• Oil & Gas and others are recorded as emerging verticals in the upcoming years.