Mobile services marketrevenue in India to reach$37 billion by 2017

  • Thread starter Thread starter Thakur
  • Start date Start date
  • Replies Replies: Replies 0
  • Views Views: Views 589

Thakur

Banned
Joined
30 Aug 2013
Messages
3,248
Reaction score
1,446
NEW DELHI: Even as the Telecom Regulatory Authority of India (TRAI) says India has nearly 850 million mobile subscribers, the total mobile services
market revenue in India is $29.8 billion and will reach $37 billion by 2017.
According to International Data Corporation
(IDC), this will mean a compounded annual
growth rate of 5.2 per cent.
Mobile broadband market in 2014 will
continue to have strong growth in India as
compared to other mobile services market.
According to a report on the IDC website,
“Mobile services market in Asia/Pacific
excluding Japan (APeJ) region is considered as
a very dynamic market compared to other
emerging and mature markets. Many mobile
operators have been struggling for quite some
time to maintain growth in revenue, especially
on voice services.”
From 2012 to 2017, IDC projects that the
growth rate for voice services revenue in APeJ
will slow down and achieve a compound annual
growth rate (CAGR) of 2.5 per cent. However,
data connectivity or mobile broadband revenue
will grow at a CAGR of 19.3 per cent from
2012 to 2017.
IDC said mobile broadband market size will be
$7 billion by 2017 with a CAGR of 32 per cent.
The 3G subscribers will hold the highest five-
year CAGR of 68 per cent compared to other
mobile technology. This is mainly due to more
3G services coverage across the country,
especially in the big cities.
Among mobile services, only mobile
broadband services show strong growth,
meanwhile SMS and MMS are on a decline
trend. Voice services tend to have a flat growth
rate.
IDC attributes the growth of data revenue in
APeJ to three key areas: Smartphones
penetration with affordable prices; Rollout of
3G and LTE licenses and mobile user behavior
towards ‘Over-The-Top-Players' (OTTP)
services.
“For India, mobile broadband market in 2014
will continue to have strong growth compared
to other mobile services market. This service is
expected to reach US$7 billion by 2017 with a
CAGR of 32 per cent. 3G subs will hold the
highest five-year CAGR of 68 per cent
compared to other mobile technology. This is
mainly due to more 3G services coverage
across the country, especially in the big cities.
With this trend, operators should focus more
on their mobile broadband strategy,” says IDC
Asia/Pacific Telecommunication Group senior
research manager Ashadi Cahyadi.
According to IDC’s Asia/Pacific Semiannual
Telecom Services Tracker 1H2013, the total
mobile services market revenue in India will
reach US$29.8 billion by 2014 and is expected
to reach US$37 billion in 2017 with a CAGR of
5.2 per cent.
 
Back
Top Bottom