The mobile data services revenue in India is expected to grow from $6.3 billion in 2020 to $12.5 billion in 2025, said a study.
The mobile data services revenues estimated to grow at a compound annual growth rate (CAGR) of 14.7% over the next five years, driven by a continued rise in smartphone subscriptions and the subsequent surge in mobile data consumption.
According to the GlobalData report, India Mobile Broadband Forecast, the mobile Internet subscription penetration will increase from an estimated 47.3% in 2020 to 81.4% by the end of 2025 owing to heavy investment in telecom network development across remote areas in the country.
The average monthly data usage is forecast to increase from 9.2 GB in 2020 to about 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. Moreover, Airtel & Vodafone Idea plan to shut down 3G services and use the infrastructure to improve 4G connectivity, said Kantipudi Pradeepthi, Research Analyst of Telecoms Market Data & Intelligence at GlobalData.
“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,” Pradeepthi added.