India Tech - Thematic Research

India Tech - Thematic Research

  • June 2021 •
  • 58 pages •
  • Report ID: 5775901 •
  • Format: PDF
India Tech - Thematic Research

Summary
India is one of the fastest-growing economies globally, with an average annual growth rate of 7% between 2014 and 2019. It is the second-most populous country with over 1.3 billion people, more than half of whom are under 25, and it is witnessing a rise in its middle-class population and rapid urbanization. These factors make it an increasingly important market for technology, media, and telecom (TMT) companies.

Key Highlights
- The TMT industry is an essential part of the Indian economy. The government has bolstered the digital ecosystem by courting foreign investment and introducing digitalization policies. Indian IT services vendors are the flag-bearers for the country’s TMT sector and have grown to be as big as their global counterparts.
- Indians are increasingly buying smartphones. According to the analyst, 45% of them had a smartphone in 2020, and by 2025, 71% will own one. Millions of Indians are now connected to the internet, with the cost of access coming down all the time. The analyst forecasts reveal that almost half of the Indian population had a mobile internet subscription in 2020, and by 2025, 81% will be connected, equivalent to 1.1 billion people.
- Indians have adopted digital ways of shopping, socializing, watching movies, and playing, with the pandemic only increasing adoption. These shifts have created enormous opportunities for domestic and foreign players in ecommerce, mobile payments, social media, video streaming, and gaming.

Scope
- This report looks at the state of India’s TMT sector as well as its tech-driven automobile sector.
- It contains analysis of India’s IT services, consumer electronics, ecommerce, mobile payments, and social media markets, along with the video streaming, TV broadcasting, gaming, telecoms, and automotive industries.
- There are market forecasts for each of these segments, and analysis of the leading companies.

Reasons to Buy
- India is an increasingly important market for TMT companies.
- This report provides invaluable insight into this potentially lucrative theme, including details of the leading companies and market forecasts for fast-growing segments like ecommerce, mobile payments, and video streaming.
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