Posted by Hyderabad: The mobile data services revenue in India is expected to grow from $6.3 billion in 2020 to $12.5 billion in 2025, according to GlobalData. The mobile data services revenues estimated to grow at a CAGR of 14.7% over the next five years.
The revenue growth, propelled by the continued rise in smartphone subscriptions and subsequent surge in mobile data consumption.
GlobalData’s India mobile broadband forecast reveals that mobile internet subscription penetration will double to 81.4% by 2025 end. The mobile internet subscription estimated at around 47.3% in 2020. The increase is owing to heavy investment in telecom network development across remote areas in India.
The average monthly data usage estimated to jump from 9.2 GB in 2020 to around 14.7 GB in 2025 accelerated by the increase in the consumption of bandwidth-heavy services like mobile video and social media on the mobile network.
“4G will remain the leading technology in terms of subscriptions in India through the forecast period, while 2G will see its subscription share fall from 36.5% in 2020 to 3.5% by year-end 2025,” said Kantipudi Pradeepthi, GlobalData’s Research Analyst – Telecoms Market Data & Intelligence.
“Moreover, Airtel and Vodafone Idea plan to shut down 3G services and use the infrastructure to improve 4G connectivity,” added Kantipudi Pradeepthi, GlobalData’s Research Analyst – Telecoms Market Data & Intelligence.
“Reliance Jio led the mobile services market in India in terms of mobile subscriptions in 2020, followed by Airtel and Vodafone Idea. Reliance Jio will retain its leading position through 2025, driven by its continuous expansion of 4G network and promotional discount offers,” concluded Pradeepthi.