5G to increase telecom industry’s revenue by INR 1 trn every 3 years

The industry is expected to reach INR 10 trillion by the end of 2023

September 8, 2022

The sector is expected to increase at a Compound Annual Growth Rate (CAGR) of 9.4%, between 2020 and 2025

The sale of 5G-enabled smartphones is expected to increase by 54.5% by 2024

The smartphone industry will grow fastest among the three main segments at a CAGR of 15.9% during the period

5G smartphones currently account for 20% of all smartphones, however, 4G smartphones are still expected to witness demand up to 2030

The adoption of 5G is expected to increase India’s telecom industry’s revenue by INR 1 trillion every three years, and the industry is expected to reach INR 10 trillion by the end of 2023, according to a report by Techarc, a market research agency.

As a result, the sale of 5G-enabled smartphones is expected to increase by 54.5% by 2024. Currently, 5G smartphones account for 20% of the overall smartphone market in India. However, the market share of 4G smartphones will be at 36% by 2024 & the segment will continue to witness demand up till 2030.

According to the report, the country’s telecom sector is expected to increase at a CAGR of 9.4%, between 2020 and 2025. The smartphone industry will grow fastest among the three main segments at a CAGR of 15.9% during the period. 

After 5G gets adopted, the revenues of the telecom industry are expected to be at a CAGR of 10.1% between 2023 and 2025, compared to 8.2% between 2020 and 2022. The implementation of 5G will increase the industry’s revenue rate at an additional CAGR of 1.9%. 

Source: The Hindu BusinessLine