The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Our forecast maintains healthy growth in the Indian telecommunications market out to 2020 -
driven by rising incomes, heavy infrastructure development and foreign investment in the sector. Currently,
voice remains the main source of revenue but operators' strategy of migrating customers to higher-value 3G
and 4G services will drive data consumption and market growth over the next decade. The Indian tower
market is another key area of growth, as operators are increasingly offloading assets to third party tower
companies in order to free up the capital needed to invest in spectrum and services. The upcoming spectrum
auction towards the end of 2016 is expected to be the largest in the country's history and we expect that the
major carriers will all look to aggressively invest in the 700MHz licenses, the most coveted band.
Latest Updates & Industry Developments
- Approximately 22.7mn new mobile subscriptions were added in Q116, taking the total above 1.03bn. The
focus is on 3G/4G migration and customer numbers will reach 219.9mn in 2016 and 322.3mn by 2020.