Understanding the Telecommunication Consultation Scenario in India
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Understanding the Telecommunication Consultation Scenario in India
Introduction In a country whose telecommunications market is made up of 1.05 billion user base, the second largest in the world, and hundreds to thousands of government and private telecommunication organisations striving to provide the best services, the role of an apt telecommunication consulting firm becomes extensive and essential in entirety. India, in addition to being the runner-up in the global telecommunications market bout, is also the fourth largest app-based economy in the world. IDC (International Data Corporation) successfully predicted India to become the second biggest Smartphone market in the world in 2017. Thus, in a country where most financial and important tasks are telecommunication based, it’s important to complete a thorough and extensive research to maintain profitability and growth simultaneously. +91 22 4002 0045 info@bmgindia.com www.bmgindia.com
Understanding the Telecommunication Consultation Scenario in India
Investment With a heavy investment in the Indian telecommunication market, the importance of telecom advisory services has amplified. According to data made public by the DIPP (Department of Industrial Policy and Promotion) in 2017, the Indian telecommunication industry has attracted a staggering amount of $24.033 billion in terms of FDI (Foreign Direct Investment). The Indian telecommunication organisations are also projected to invest about $20 billion simply for expanding their operations in the multi-faceted Indian telecommunication market.
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Understanding the Telecommunication Consultation Scenario in India
Market Size The total data usage of the Indian user base increased to 3.7 million gigabytes, or 359 petabytes, by June 2017. The Indian mobile market is expected to pass on the 14 trillion Indian rupees mark by 2020. With the expansion of the market size, the niche for telecom consulting companies in India will also grow over time.
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Understanding the Telecommunication Consultation Scenario in India
Future The Indian Internet-based economy is expected to hit an expense of 10 trillion rupees by 2018. It will enable the web-based economy to contribute about 1/20th to the total Indian GDP. As per a market report presented by Microsoft, the Indian market is expected to grow to 700 million Internet users among the total 4.7 billion users in the world by 2025. All these facts project the Indian market to attract advanced niches like IoT (Internet of Things), Smart Cities and Machine-tomachine communications. To meet all these requirements, the importance of an apt telecommunication consultant service will amplify like never before.
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