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Indian Telecom Service market is estimated to cross $103.0 Billion by 2020 – by Market Research Engine

New York, April 23: Market Research Engine has published a new report titled as Indian Telecom Services Market, By [Providers (Network Equipment Providers, End-user Equipment Providers), Technologies (4G, 3G, 2G, WiFi, WiMAX), Services, Regions, Verticals] – Trends & Forecast: 2015-2020”.

The telecommunication services are registered as the essential key elements for the economic growth across the world. The Indian telecom services market has recorded exponential growth in the past few years. As a result, the market has emerged as a second largest market in the world.

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The Indian telecom service market is estimated to touch $103.90 billion by 2020 at a CAGR of 10.3% during the period from 2015 to 2020. The penetration of telecom services in all the verticals has been increasing and enterprises are looking for data center and cloud services. The adoption of the mobile services is evolving across the country and it is predicted that wireless service market is estimated to touch $39.02 billion by 2020. “The market is largely driven by the key verticals such as BFSI, IT/ITES, Retail, Government,”.

The telecom operators are launching new products, services, solutions and technologies into the market and few players have already launched new platforms for the application. Moreover, the content providers have been creating innovative applications for telecom services. The 4G technology has launched few players in the country in recent years, but according to our primary discussions with major players opined, “Within couple of years, most of the major telecom players will launch 4G technology”. The key players are aggressively acquiring and enhancing the partnership with equipment providers and software vendors to strengthen current offerings and capitalize new markets.

Essential Key Takeaways:

• Indian telecom services market is estimated to reach a CAGR of 10.3% during the period 2015–2020.

• Wireless Services market is predicted to reach $39.02 billion by 2020 with a CAGR of 9.3%.

• 4G technology service is estimated to reach a CAGR of 26.6% during the period 2015–2020.

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

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

Check Out Other Research Reports:



  • Global Cloud Infrastructure Market, By Equipment (Storage, Computing Systems, Network Infrastructure), Services (IaaS, PaaS, Managed Hosting, Application Delivery Network, Colocation Services), Deployment Model (Private Cloud, Public Cloud, Community Cloud, Hybrid Cloud), Verticals, Regions - Trends & Forecast – 2015–2020 - by Infoholicresearch





Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

Media Contact

Company Name: Market Research Engine

Contact Person: John Bay

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: +1-855-984-1862, +91-860-565-7204

Country: United States


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