Industry Snapshot
The Indian telecommunications (Telecom) industry is the fastest growing market in the world. The industry has played a vital role in India's growth story, and within the services sector, the telecom sector has been the major contributor to India’s growth, accounting for nearly 3.6% of total GDP in FY10.
The number of mobile phone subscribers in India rose to 893.84 million in December 2011. According to the Telecom Regulatory Authority of India (TRAI), the wireless user base grew 1.07% with an addition of 9.47 million subscribers, from 884.37 million in November 2011. With this, the total number of telephone subscribers, including land line holders, touched 926.53 million. According to a study commissioned by the Cellular Operators Association of India (COAI) and done by PwC., the sector will provide about 28 lakh direct jobs and around 70 indirect jobs by 2012, according to the study.
Latest services such as 3G and WiMax would further help stimulate growth rate in the sector. With the ongoing investments into infrastructure deployment, the country is projected to see high penetration of internet, broadband and mobile subscribers. Mobile value added services (VAS) such as text or SMS, menu-based services, downloading of music or ring tones, mobile TV, videos and other m-commerce applications, is poised to grow 20% by 2013, according to an industry report.
The sector includes fixed line telephony, mobile telephony, internet (wireless, broadband, 3G) and telephone equipment.
Talent Challenges
The high growth potential in the sector, makes it a highly sought after sector by professionals. Despite the availability of skilled professionals in the industry, entry of new players disturbs the demand supply equilibrium, and companies are often seen struggling in recruiting and retaining talent owing to multiple opportunities available in the market.
The market is highly competitive and industry players need senior and middle level talent to successfully lead companies. The presence of right leaders is crucial to all stakeholders across the value chain - operators, services providers, network operators and equipment providers.
ABC's Perspective
Our team of qualified telecommunications experts, who have a background of having worked in the industry, gives valuable advice to clients and gives the best recruits to companies by virtue of having access to top management talents in the industry. A knowledgeable team also helps us to screen candidates at our end, thereby reducing the recruitment time for companies.