Indian Telecom Services Market Size, Share, Value, and Competitive Landscape forecast year 2021-2027 Indian telecom services market is experiencing burgeoning growth. The market has experienced exponential growth in the past decade. BriefingWire.com, 5/13/2021 - Indian telecom services market is experiencing burgeoning growth. The market has experienced exponential growth in the past decade. Telecommunications is one of the prime support services needed for rapid growth and modernization of various sectors of the economy. The favourable policies and regulatory framework implemented by the Telecom Regulatory Authority of India (TRAI) has created immense potential for service providers. Market Analysis The Indian Telecom Services Market is expected to grow at a CAGR of 10.3% during the forecast period 2015â2020, mainly driven by the wireless services. Increasing network coverage and decreasing tariff rates have been the potential growth drivers in the market. The wireless services segment is expected to drive the telecom services market. The BFSI and Government sectors are the major revenue generating verticals but it is expected that the Retail segment will be capturing a larger share of the market by 2020.