 "Rural India Offers Telecom Growth Opportunities")
Report Buyer, an online destination for business intelligence for major industry sectors, has added a new report to its portfolio providing a detailed analysis of the current performance and the future prospects of the mobile industry in rural India.
The report ‘Emerging Rural Mobile Market in India’ reveals that by 2010, India is likely to have around 539 million cell phone subscribers at a compound annual growth rate (CAGR) of nearly 28 percent.
The significant increase of the Indian telecom market means the Asian telecom sector is expected to have a CAGR of 22 percent until 2010, overtaking the telecom industries in both Africa and China. Furthermore, boosting the overall telecom sector in India, the Indian telecommunication industry is projected to reach $35 billion by 2010, compared to $22 billion in 2007.
The rising demand in the Indian mobile phone industry is the main reason for the rapid growth in the telecom sector of the country. With low priced mobile phones and low-cost cellular services, a large number of Indian customers are able to afford cell phones. Apart from mobile phones, demand for personal computers is also increasing at a blistering pace due to rapid industrialisation.
In addition to this, the improving infrastructure and the introduction of latest technologies in the Indian telecom market, such as WiMAX and 3G, supports growth in the industry. Further contributing to high growth in the telecom sector is the rising demand for new technological fashion devices, which are becoming increasingly popular among the youth.
According to the authors of the report, telecom service providers need to offer attractive packages to rural areas to enhance the subscription base, as infrastructure development and broadening of bandwidth is priority in order to maintain strong growth in the sector in future.
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