January 26, 2021


Indian Telecom Service Market Is Estimated To Touch $103.90 Billion By 2020

The Indian telecom service market is expected to touch Nigerian-telecom-market-to-generate-11-bn-in-2019$103.90 billion by 2020 at a CAGR of 10.3 percent during 2015 — 2020, said Infoholic Research.

Wireless service market in India is estimated to reach $39.02 billion by 2020 with a CAGR of 9.3 percent. “The market is largely driven by the key verticals such as BFSI, IT/ITES, retail, government,” said Tariq Shaik, Research Operations.

4G technology service is estimated to reach a CAGR of 26.6 percent during 2015–2020.

BFSI and IT/ITES organizations are engaging more with the customers through mobile applications. Telecom revenue from BFSI segment is expected to reach $15.16 billion by 2020, at a CAGR of 6.6 percent from 2015 to 2020.

Oil & Gas and others are recorded as emerging verticals in the upcoming years.