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.