14 DAY TRIAL // A new study coming from the Centre for Telecoms Research (CTR) in London reached the conclusion that the number of mobile phone subscribers will be of 600 million by 2011.
The result of the study reveals a large number of expected subscriptions, as there are currently more than 100 million such phone contracts currently closed. Still, nearly 3 million phone users add to this number every month, which explains the high expectations that are to be reached by this market in the next 5 years.
The result of the study reveals the fact that the mobile phone market in India is one of the most profitable ones. The reason is that an extremely large number of people here are subscribing for their first mobile phone. They make excellent buyers for the low-end cellulars that have been recently released especially for this market. Even more, the income of the 300 million middle class representants is growing. This translates into more buying power and the need for a cellular.
Raj Modi, Research Director at Centre for Telecoms Research said that "The phenomenal growth in the Indian mobile phone market has largely been driven by urban consumption. We expect this to continue with urban geographies achieving saturation levels similar to current Western European markets in the next five years."
At this moment, the density of mobile phone users in India is of 8.5 at every 100 people. By year 2011, it is expected to reach 20 percent of the population, as it is currently the case in China.