A report on India telecom revenue forecast indicates that total telecom and pay-TV services revenue in India will grow at 6.8 percent CAGR during 2019-2024.
Revenue from mobile data, mobile voice and fixed broadband segments will be the growth drivers, according to GlobalData. Mobile voice will be the largest revenue contributor to the overall market during the outlook period.
Revenues from mobile data segment are forecast to grow at CAGR of 13.2 percent, driven by rising mobile Internet subscriptions due to improving mobile network coverage in rural areas in India.
Smartphones’ share in total handset subscriptions will increase from 45.6 percent in 2019 to 76.6 percent by 2024.
4G subscription share is expected to increase from 46.3 percent in 2019 to 80.4 percent by 2024-end.
Fixed broadband revenue of Indian telecom operators is set to grow at a CAGR of 3.6 percent to reach $4.3 billion by 2024-end, primarily driven by a steady rise in fiber-to-the-home (FTTH) connections.
Pay-TV revenues in India are forecast to grow at CAGR of 0.1 percent from $3.05 billion in 2019 to $3.06 billion in 2024.
India will achieve steady growth in cable and direct-to-Home (DTH) subscriptions and robust growth in the adoption of Internet Protocol television (IPTV) subscriptions.