India Telecom Services Market Size & Outlook, 2023-2030
India telecom services market, 2018-2030 (US$B)
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India telecom services market highlights
- The India telecom services market generated a revenue of USD 125.9 billion in 2023 and is expected to reach USD 217.6 billion by 2030.
- The India market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, mobile data services was the largest revenue generating service type in 2023.
- Mobile Data Services is the most lucrative service type segment registering the fastest growth during the forecast period.
Telecom services market data book summary
| Market revenue in 2023 | USD 125.9 billion |
| Market revenue in 2030 | USD 217.6 billion |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Mobile data services |
| Fastest growing segment | Mobile Data Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay TV Services, Machine-to-Machine (Mobile IoT) Services |
| Key market players worldwide | AT&T, Verizon Communications Inc, Nippon Telegraph & Telephone Corp, China Mobile, Deutsche Telekom AG, SoftBank Group Corp, Telefonica SA, Vodafone Group PLC, KT Corp ADR, Reliance Inc, KDDI Corp, Orange SA, BT Group PLC, Comcast Corp Class A |
Other key industry trends
- In terms of revenue, India accounted for 6.7% of the global telecom services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China telecom services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 217.6 billion by 2030.
Mobile data services was the largest segment with a revenue share of 32.09% in 2023. Horizon Databook has segmented the India telecom services market based on fixed voice services, fixed internet access services, mobile voice services, mobile data services, pay tv services, machine-to-machine (mobile iot) services covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report published by the GSMA, leading telecom companies in India are anticipated to invest more than USD 19.5 billion by 2025 to roll out cutting-edge 5G infrastructure. The report foresees 5G benefiting the Indian economy by USD 445 billion from 2023 to 2040.
Telecom operators in the country are investing heavily in rolling out 5G infrastructure to cash in on the growing demand for high-speed data networks and augment their profits.
Favorable government initiatives and investments being pursued by the Indian government for the development of telecommunications infrastructure are fostering the growth of the telecom services market in the country.
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Telecom Services Market Scope
Telecom Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India telecom services market size, by service type, 2018-2030 (US$B)
India Telecom Services Market Outlook Share, 2023 & 2030 (US$B)
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