Threat of new entrants france telecommunications industry upgrade#
Market Sizeĭriven by strong adoption of data consumption on handheld devices, the total mobile services market revenue in India is expected to touch US$ 37 bn in FY-17, registering a Compound Annual Growth Rate (CAGR) of 5.2 per cent between 20, according to research firm IDC.According to a study by GSMA, smartphones are expected to account for two out of every three mobile connections globally by 2020 making India the fourth largest smartphone market.The broadband services user-base in India is expected to grow to 250 million connections by 2017, according to GSMA and also India added the highest number of net mobile phone subscriptions of 13 million during the third quarter of FY-15.International Data Corporation (IDC) predicts India to overtake US as the second-largest smartphone market globally by 2017 and to maintain high growth rate over the next few years as people switch to smartphones and gradually upgrade to 4G. According to a study by GSMA, India is all set to become the fourth largest smartphone market by 2020. There is also a lot of scope for growth of M2M services in the government’s ambitious US$ 1.1 billion Smart City program The rapid strides in the telecom sector have been facilitated by liberal policies of the Government of India that provide easy market access for telecom equipment and a fair regulatory framework for offering telecom services at affordable prices.
Driven by 3G and 4G services, it is expected that there will be huge machine-to-machine (M2M) growth in India in 2016-17, according to UST Global. The Government of India recognises this fact and hence, has taken several major initiatives to provide a business friendly environment for companies in this sector. They are also major support services needed for rapid growth and modernisation of various sectors of the economy. These services are globally recognised as one of the driving forces for overall economic development in a nation. Simultaneously, this growth has come at significant loss to the state exchequer, raising fundamental questions on the future business and operation model of the Telecom sector This growth, however, has and continues to be at the cost of the Climate, powered by an unsustainable and inefficient model of energy generation and usage. In past two decades, the Telecom industry has caught the imagination of India by revolutionizing the way people communicate, share information and helps millions stay connected. The Indian telecom Industry is growing rapidly and will contribute substantially to India’s gross domestic product (GDP). India currently world’s second-largest telecommunications market and has registered strong growth in the past 2 decades.
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