10:56 am - Saturday 29 April 2017

Study: By 2018 India’s telecom subscribers expected to double

By insightVAS - Fri Feb 07, 3:49 pm

Research and Markets has revealed “India Telecom Service Market Forecast & Opportunities, 2018″ report where the firm has projected healthy and robust telecom market in India by 2018.

The report says that the market for India’s telecom service by subscribers is expected to get doubled by 2018, growing at the CAGR of around 11 percent during 2013-18. The telecom service market of India is being primarily driven by supportive government policies and regulations. During 2004-12, the broadband service market has registered an unprecedented growth, which was chiefly driven by Broadband Policy 2004.

The telecom sector of India has shown an exponential growth during 2003-13 and is an important contributor to the economic growth of the country. By 2012, India has become world’s second largest telecom service market in terms of subscribers as a result of fast adoption of newer technologies and rising penetration of mobile phones in the country. This is further supported by declining cost of telecom services along with the increasing usage of applications.

The report talks on policy and regulatory regime, changing market trends, emerging opportunities and competitive landscape.

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