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India Telecoms Industry Report 2023-2030 - Bharti Airtel, Reliance Jio and Vodafone Idea Dominate the MarketDUBLIN, Jan. 12, 2024 /PRNewswire/ -- The "India Telecoms Industry Report - 2023-2030" has been added to ResearchAndMarkets.com's offering.  This report provides analyses of revenue and market forecasts as well as statistics of the India telecoms industry including market sizing, 5-year forecasts, market insights, key telecom trends, 5G, digital infrastructure and also features the following:
Globally, the telecommunications sector is proving to be a core and essential infrastructure service to national economies, with data infrastructure becoming critical in a connected world and will likely increasingly attract a new class of investors such as large infrastructure funds. The Indian telecommunications industry is forecast to remain steady thanks to the defensiveness nature of the industry, amid the political uncertainties and an uncertain economic outlook due to geopolitics and rising inflation. Growing mobile phone penetration and emerging fixed broadband take-up among households will fuel future growth over the next five years. According to the India Telecoms Report, mobile subscriptions and fixed broadband subscribers will continue to fuel the telecoms sector growth in the 2023-30 period. More than 700m people became Internet users over the last six years and another 200m more Internet users are expected to come online over the next six years by 2030. Market Dynamics and Technological Evolution The introduction of 4G technology marked a turning point for the Indian telecom market, driving a shift from voice-centric to data-centric services. Mobile data has become integral to digital initiatives and e-governance, underpinning the sector's growth. However, more needs to be done to increase 4G coverage to the all Indian population with an estimated 1m more mobile towers to cover most of India's population. Government initiatives such as 'Digital India' aim to create a digitally empowered society, pushing for broader digital payment platforms and broadband accessibility. However, the sector faces challenges like high competition, regulatory uncertainties, and infrastructure issues, particularly in rural areas. Financial stress, highlighted by high debt levels and the complexity of Adjusted Gross Revenue (AGR), adds to these challenges. The telecommunications industry in India is at a critical juncture, requiring supportive policies, regulatory stability, ad continuous investment to overcome these challenges and harness its full potential. Market Composition and Revenue Trends The market comprises three major operators with mobile and fixed networks - Bharti Airtel, Reliance Jio, and Vodafone Idea - alongside two state-owned operators and several smaller fixed network operators. The reported market revenue grew from INR 2.6 trillion in 2016 to INR 3.2 trillion in 2022. This growth is attributed mainly to mobile service and fixed broadband revenue expansion. Despite the earlier decline in legacy voice and SMS revenues, market growth is expected to continue steadily towards 2030. Capital Expenditure and Investment Trends Capital expenditure (Capex) in the sector has seen dynamic shifts over the years. The overall market Capex decreased from INR 1006 billion in 2016 to INR 970 billion in 2022. Operators like Jio have heavily invested in building out their networks, while others like Vodafone Idea have focused on merger synergies and the elimination of redundant infrastructure. Bharti Airtel, in response to Jio's aggressive market entry, increased its Capex in 2022 to accelerate its 5G rollout. Future Prospects and Growth Forecast Mobile subscriptions are forecast to grow at an annual average rate of 2% from 2023 to 2030, and fixed broadband subscribers at an average rate of 12.6% over the same period. With nearly 700 million Indian people becoming Internet users in the last six years, and an additional 200 million expected by 2030, the sector is poised for substantial growth. This growth, however, needs to be supported by innovative strategies to enhance industry revenues and profitability while managing the extensive debt burden. The Indian telecommunications sector stands as a key driver of the country's socio-economic development. With its vast potential for growth, the industry's success hinges on its ability to adapt to technological changes, manage financial health, and meet the burgeoning data needs of one of the world's largest internet user bases. A balanced approach to growth, innovation, and regulatory frameworks will be crucial in shaping the future of telecommunications in India. Key Topics Covered: 1 Key Statistics 2 Overall Telecommunications Market, 2016-2030 3 India Telecommunications Operators Profile 4 India Mobile Market 5 India Broadband Market 6 Satellite Internet Connectivity 7 India Telecommunications Infrastructure Investments 8 India Telecom Towers Infrastructure Landscape 9 Thematics/Opportunities 10 Telco M&A Transaction Database Companies Mentioned
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