Indian Telecom Service Market Is Estimated to Cross $103.0 Billion by 2020

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.

Browse Full Report:

http://www.marketresearchengine.com/reportdetails/indian-telecom-servicesmarket

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...