Shibuya-ku, Tokyo, Japan, Japan, Feb 23, 2022, 02:28 /Comserve / -- The Indian Telecom services market is one of the fastest growing markets in the world. Telecommunications is one of the prime support services needed for rapid growth and modernisation of various sectors of the economy.
A report on the Indian Telecom Services Market has recently been added into the repository of detailed market research insights of SDKI. Increasing penetration of internet among enterprises and households, and growing need for sophisticated technologies to promote effective communication are anticipated to be the primary factors driving the growth of the market. According to the World Bank, 56.727% of the total population in the world used internet, up from 49.907% in 2018 and 46.317% in 2017 respectively.
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Furthermore, growing user base of smart devices all around the world is also expected to have a significant impact on the market growth in the forthcoming years. As of 2022, the total number of smartphone users in the world is more than 6 billion, whereas the total global population that owns a smart and feature phone is about 7 billion. In addition, increase in ICT spending around the globe for hardware, software, services and new technologies is also projected to contribute to the expansion of the Indian Telecom Services Market in the near future.
Additionally, the novel coronavirus outbreak is assessed to offer lucrative opportunities to the Indian Telecom Services Market . With the surging trend of people working from homes, and the rising adoption of digital services among people, the world is predicted to observe creation of new employment opportunities in the IT & telecom industry. By 2024, full-time employment in the ICT industry is evaluated to increase to up to 63 million people. The employment in the industry was recorded at around 53 million people in the year 2019.
The market is segmented into SEGMENTS. Each of these segments are further sub-divided and the growth of the market is studied for each division. Moreover, on the basis of region, the Indian Telecom Services Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The market is further sub-segmented by geography and the market growth of each country is assessed. These include North America (U.S. & Canada); Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific); Latin America (Brazil, Mexico, Argentina, Rest of Latin America); and Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
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The report also contains a comprehensive study of various business strategies that key market players tend to adopt on a global scale.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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