Report Buyer has added a market report Indian Mobile Market Dynamics and Forecast: 2008-2013, which estimates growth in mobile subscriptions for Indian mobile to rise by 20% per year compound. Low-income users are likely to be major beneficiaries...
Indian Mobile Market Dynamics and Forecast: 2008-2013, available from Report Buyer, analyses the latest developments within the fast growing mobile market that is India and looks ahead four years. According to the report, India's mobile market is to reach as high as 868,470,000 users by 2013, with an estimated Compound Annual Growth Rate (CAGR) of 20.45%. The entrance of new players has increased competitiveness, causing tariff rates to hit an all-time low. This in turn has allowed mobile services to penetrate the low-income population, attracting more potential users.
During 2008, more than 112 million subscribers were added, increasing penetration from 20.31% to 29.76% by year-end. However, the subscriber base in the rural areas of India is quite low, about 13% as of May 2009. The government has put regulatory mechanisms in place to encourage rural telephony and service providers are eyeing rural India as the next area of growth. Rural mobile teledensity is expected to reach about 36.25% by 2013.
The Indian mobile market continues to expand, with new entrants like Virgin Mobile in 2008, Loop Telecom in 2009, and the incumbent CDMA operators like Reliance and Tata moving into GSM in 2009. The market is also expected to show a remarkable growth with the latest addition of five more telecom players. The fact that an average of between 8 and 10 million mobile subscribers were added every month in India in the recent past shows that the market provides opportunities for telecom players.
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