Growing at a CAGR of nearly 28%, India is anticipated to gain about 539 Million mobile subscribers by 2010.
The Association Chamber of Commerce and Industry of India (ASSOCHAM) and PriceWaterHouseCoopers, a research firm, revealed that by 2010, India is likely to have around 539 Million cell phone subscribers at a CAGR growth rate of nearly 28%, as reported by TelecomTiger.
According to ASSOCHAM, till 2010, the growth in the Indian telecom industry will lead the Asian telecom sector at a CAGR of about 22%, whereas Africa and China are expected to grow at a CAGR of nearly 14%. Also, the Indian telecommunication industry is projected to reach $35 Billion by 2010 over $22 Billion in 2007, and this will boost the overall telecom industry in India. With the subscriber base of about 250 Million, India ranks second in the global wireless market.
The rising demand in the Indian cell phone industry is a main reason for rapid growth in telecom sector of the country. With low priced cell phones and low-cost cellular services, a large number of Indian customers are able to afford cell phones. Apart from cell phones, demand for desktop and laptop is also increasing at a blistering pace in the country due to rapid industrialization.
Further, the improving infrastructure and introduction of latest technologies like WiMAX and 3G in the Indian telecom market are also boosting growth in the industry. And rising demand for new devices like play stations, iPods, etc. among young population of is resulting in high growth in the telecom sector too.
ASSOCHAM also said that in spite of strong growth in the Indian telecom industry, limited bandwidth, poor infrastructure, and low-density in rural areas are certain challenges that the industry have to overcome.
According to a Research Analyst at RNCOS, “Due to growing acceptance of new mobile technologies, the Indian telecom industry is witnessing strong growth. But the telecom services providers need to offer attractive packages to rural areas to enhance the subscription base. The Infrastructure development and broadening of bandwidth should be the priority of players to maintain strong growth in the sector in future.”
Related Market Research Reports:
Emerging Rural Mobile Market in India
European Mobile Market Scenario to 2012
African Mobile Market Forecast (2007-2011)
