India’s mobile services revenue to grow to $39.3 bln in 2029: Report
New Delhi: India’s mobile services revenue is expected to increase at a compound annual growth rate (CAGR) of 5.4% to $39.3 billion in 2029 from $30.2 billion in 2023, boosted by the continued rise in service penetration, especially in rural and underserved markets and growth in the 5G-led mobile data services segment, a report said.
Mobile voice service revenue though is set to fall at 2.5% annually, due to the growing consumer preference for internet-based communication services, bundling of free voice minutes with mobile service plans, analytics firm GlobalData said. It added that this would lead to a drop in the voice average revenue per user (ARPU) levels.
