Telecom, Pay-TV Revenue To Reach $50.7 Bn In 2029

New Delhi: Driven by mobile data and fixed broadband segment, the telecom and pay-TV services revenue in India is projected to increase at a compound annual growth rate (CAGR) of 2.5 per cent from $44.9 billion in 2024 to $50.7 billion in 2029, a report showed on Friday.

GlobalData’s ‘India Telecom Operators Country Intelligence Report’ revealed that mobile voice service revenues will decline during the forecast period due to a steady decrease in mobile voice service ARPU, with users increasingly shifting to OTT communication platforms.

“4G is the leading mobile technology by subscriber base in India, accounting for 68.9 per cent of total mobile subscriptions registered in 2024. However, this share is expected to decline to 32.1 per cent in 2029, due largely to subscriber migration to high-speed 5G services,” said Srikanth Vaidya, telecom analyst at GlobalData.