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Gartner: India’s mobile services market to surpass $37 billion by 2012

Categories: Research
By: , IntoMobile
Sunday, July 6th, 2008 at 10:06 AM

We all know India is growing like crazy. As a matter of fact it is the single fastest growing mobile phone market. According to Gartner, with a compound annual growth rate (CAGR) of 18%, the country’s cellular services market is projected to surpass $37 billion by 2012, while exceeding 737 million connections at the same time.

Gartner logoCellular market penetration is projected to increase from 19.8% in 2007 to 60.7% in 2012, due to the increasing focus on the rural market, but also thanks to such factors as local consumer durable and electronic companies entering the domestic mobile handset segment, and lower handset prices. Vendors will continue to focus on sub-25$ handsets to capture market share.

The Indian mobile market continues to be dominated by prepaid subscribers, which accounted for more than 89% of all mobile connections in 2007 and are expected to grow to more than 92% of the connection base by 2012.

The total services revenue for prepaid connections is expected to grow at 18.9% CAGR for the period 2008-2012 and the total services revenue for postpaid connections is expected to grow at 15% CAGR during the same forecast period. By 2012, the prepaid subscriber base will cross 683 million and postpaid subscriber base will exceed 53 million subscribers.

[Via: India Times]

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.

  • Pratap Ch Bhanja

    Figures predicted by another agency (Frost & Sullivan) is saying something else.

    As per them, by end of 2010 the market would reach $21 billion and by end of 2015 it would be $29 billion. Whereas, the projection by Gartner says that mobile services market in India would cross $37 by 2012.

    Waht is correct? This cannot be the difference.