Number of telecom subscribers in India is likely to double by 2018, growing at the CAGR of around 11 percent during 2013-18, said a report by researchandmarkets.
The telecom service market of India is being primarily driven by supportive government policies and regulations, according to India Telecom Services Market Forecast & Opportunities, 2018.
According to the report, broadband service market has registered an unprecedented growth during 2004-12, which was chiefly driven by Broadband Policy 2004.
The Indian telecom sector has shown an exponential growth during 2003. By 2012, India has become world’s second largest telecom service market in terms of subscribers as a result of fast adoption of newer technologies and rising penetration of mobile phones in the country.
The report noted that this is further supported by declining cost of telecom services along with the increasing usage of applications.
