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Home Industry Sectors

Internet subscriber growth at 6.3% CAGR

Fiinews by Fiinews
May 25, 2019
in Industry Sectors, Investment, Technology
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Affordable 4G services

 

MTNL.

 

The India internet subscriber base is expected to reach 916.6 million in 2027 with a CAGR of 6.3% between 2019 to 2027, from 493.9 million, according to a ResearchAndMarkets report.

Internet services especially communication and entertainment services will continue to fuel the growth of data consumption in India, said the report “India’s Mobile Data Consumption Trends Market 2019-2027” which was on 23 May 2019.

Availability of 4G services at an affordable rate has added a huge number of first-time internet subscribers in recent times, and this trend is expected to continue with the further launch of 5G services in coming years, it said.

“Rapid rise and adoption of 4G technology in the country is one of the primary reasons for increasing data consumption per user.

“The growth of data consumption by wireless subscribers has attained a new level leading to unprecedented growth of the telecom sector,” said the report.

Telecom Regulatory Authority of India (TRAI) took various initiatives in 2017-18 to create a conducive environment for the growth of the telecom sector in India.

TRAI has given multiple recommendations to the government on important issues such as Cloud Services, Spectrum, Roaming, Machine-to-Machine (M2M) Communications, regulatory framework for Internet Telephony, Net Neutrality, In-flight Connectivity, and others. TRAI has also given its inputs in framing the upcoming National Telecom Policy.

India is the world’s 2nd largest telecommunications market, with 1,206.2 million subscribers in 2018.

Internet penetration and expansion is growing at a very fast rate in India and it is expected to rise further with availability of affordable data plans, cheaper smartphones and favorable initiatives by TRAI and government of India, noted the report.

Strategic Insights:

2019: Vodafone Idea announced a strategic partnership with Sun TV Network. According to the partnership, the Sun TV’s content would be available to Vodafone Idea’s customers.

2018: Reliance Jio Infocomm launched India’s First VOLTE international roaming. Through this VoLTE based international roaming, international roamers would be able to enjoy HD voice and LTE high-speed Data.

2018: Reliance Communications Limited launched Reliance IP Centrex, India’s first hosted Enterprise IP telephony solution powered by the futuristic IP Multimedia Subsystem (IMS) network core.

Industry participants are Bharat Sanchar Nigam Ltd, Mahanagar Telephone Nigam Ltd, Reliance Communication Ltd, Reliance Jio Infocomm Ltd, Tata Teleservices Ltd and Vodafone Idea Ltd. fiinews.com

Tags: Bharat Sanchar Nigam LtdMahanagar Telephone Nigam LtdReliance Communication LtdReliance Jio Infocomm LtdResearchAndMarketsTata Teleservices LtdVodafone Idea Ltd
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