Mobile Value Added Services Forecasted to Become Prominent Among All Telecom Services by 2018
Increased penetration of mobile phone services along with growth in consumer broadband services are expected to drive the telecom service market of India
The Indian telecom services market has emerged as the fastest growing market in the world during the last three years due to government initiatives in the telecommunication sector. The NTP (National Telecom Policy) of 2012 and broadband policy of 2004 has largely contributed in the growth of overall telecom service market in India.
It has been witnessed that telecom services are providing indirect employment to nearly 3.2 Million people and direct employment to 7.5 Million people in India as of 2012.
According to a recently published report by TechSci Research ‘India Telecom Service Market Forecast and Opportunities, 2018’, the growth in subscribers’ volume of telecom service market in India is anticipated to witness CAGR of about 11% during 2013-18. The reason for the expected growth can be associated with declining tariffs in telecom services along with emergence of network technologies in the sector.
The report reveals that the Indian government is playing key role in the development of telecom services market. Proposals such as free roaming, unified licencing regime for operators, etc., under NTP of 2012 are expected to contribute in the revenues of telecom service market of India. The policy is also likely to boost the broadband service market expansion and domestic manufacturing of telecom equipment during the next five years.
One of the major reforms has been witnessed during 2013, where government has approved 100% FDI (Foreign Direct Investment) in the telecom sector, increasing from 74%. This initiative is estimated to fulfil the key demand of fund flows from international players in the telecom sector of the country.
The report analyses key service providers in the telecom service market of India as Bharti Airtel followed by Vodafone, BSNL and Reliance, where former is expected to continue dominating in the forecasted period.
“Indian telecom services market is one of the fastest growing markets across the world due to rapidly increasing numbers of subscribers, particularly in mobile phone services segment. On the other hand, adoption of broadband services is at a very nascent stage in India but this segment is anticipated to be the second highest revenue generating segment after mobile phone services in the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research a research based global management consulting firm.
‘India Telecom Service Market Forecast and Opportunities, 2018’ has evaluated the future growth potential of India’s Telecom service market and provides statistics and information on market structure, industry behaviour and trends. The report includes telecom service market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in telecom service market of India.