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India Wholesale Telecom Carrier Market

ID: MRFR/ICT/55988-HCR
200 Pages
Garvit Vyas
February 2026

India Wholesale Telecom Carrier Market Size, Share and Trends Analysis Report By Solutions (Voice Termination, SMS Messaging Services, VoIP Solutions, Data Roaming Services, International Call Services, SIP Trunking, Mobile Number Portability, Cloud Communication Services, Network Security Solutions), By Organization Size (SMEs, Large Enterprises) andBy Passive Device Type (Internet Service Providers (ISPS), Mobile Network Operators (MNOs), VoIP Service Providers, Cable TV Operators, Government Agencies, Educational Institutes, Content Providers, Others)- Forecast to 2035

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India Wholesale Telecom Carrier Market Summary

As per Market Research Future analysis, the India Wholesale Telecom Carrier Market size was estimated at 21923.48 USD Million in 2024. The Wholesale Telecom-carrier market is projected to grow from 24457.83 USD Million in 2025 to 73000.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 11.5% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The India wholesale telecom-carrier market is experiencing robust growth driven by increasing data demand and regulatory support.

  • The demand for data services is witnessing a notable surge, particularly in urban areas.
  • Network expansion and upgrades are becoming critical as carriers strive to enhance service quality.
  • Regulatory support is fostering a conducive environment for market growth, especially in the largest segment of mobile data services.
  • Technological advancements in infrastructure and rising mobile data consumption are key drivers propelling market dynamics.

Market Size & Forecast

2024 Market Size 21923.48 (USD Million)
2035 Market Size 73000.0 (USD Million)
CAGR (2025 - 2035) 11.56%

Major Players

AT&T (US), Verizon (US), Deutsche Telekom (DE), NTT Communications (JP), Orange (FR), Vodafone (GB), Telefónica (ES), China Telecom (CN), China Mobile (CN)

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India Wholesale Telecom Carrier Market Trends

The India Wholesale Telecom Carrier Market in India is currently experiencing a dynamic transformation, driven by advancements in technology and increasing demand for connectivity. The proliferation of mobile devices and the rise of data consumption have led to a surge in the need for robust infrastructure. As a result, telecom carriers are investing heavily in expanding their networks and enhancing service quality. This shift is not only fostering competition among carriers but also encouraging innovation in service offerings. Moreover, regulatory frameworks are evolving to support this growth, aiming to create a more conducive environment for both existing players and new entrants. In addition, the wholesale telecom-carrier market is experiencing a trend towards consolidation, as companies seek to optimize resources and improve operational efficiencies. Partnerships and collaborations are becoming more common, allowing carriers to leverage each other's strengths. This trend may lead to a more streamlined market structure, potentially benefiting consumers through improved services and pricing. As the landscape continues to evolve, stakeholders must remain agile to adapt to changing consumer preferences and technological advancements, ensuring sustainable growth in the sector.

Increased Demand for Data Services

The wholesale telecom-carrier market is seeing a notable rise in demand for data services. This trend is largely driven by the growing reliance on digital platforms for communication, entertainment, and business operations. Carriers are responding by enhancing their data offerings and investing in infrastructure to support higher bandwidth and lower latency.

Focus on Network Expansion and Upgrades

There is a strong emphasis on expanding and upgrading network infrastructure within the wholesale telecom-carrier market. Carriers are prioritizing investments in next-generation technologies, such as fiber optics and 5G, to improve service delivery and meet the increasing expectations of consumers and businesses.

Regulatory Support for Market Growth

The regulatory environment is evolving to support the wholesale telecom-carrier market's growth. Government initiatives aimed at promoting competition and innovation are encouraging new entrants and facilitating partnerships among existing players, which may lead to enhanced service offerings and improved market dynamics.

India Wholesale Telecom Carrier Market Drivers

Rising Mobile Data Consumption

The increasing reliance on mobile devices for internet access is significantly impacting the wholesale telecom-carrier market in India. With mobile data consumption projected to grow at a CAGR of 30% over the next five years, carriers are compelled to enhance their data offerings. This surge in demand for mobile data services is likely to lead to a corresponding increase in wholesale data traffic, compelling carriers to invest in more robust infrastructure. As a result, the wholesale telecom-carrier market is expected to grow as carriers capitalize on this trend by offering competitive pricing and innovative data packages to attract more customers.

Emergence of New Business Models

The wholesale telecom-carrier market in India is witnessing the emergence of innovative business models that are reshaping the competitive landscape. With the rise of over-the-top (OTT) services and digital content providers, traditional carriers are exploring new revenue streams beyond conventional voice and data services. This shift is prompting carriers to develop partnerships with content providers and invest in value-added services, which could enhance their appeal to wholesale customers. As these new business models gain traction, they are likely to stimulate growth in the wholesale telecom-carrier market, as carriers adapt to changing consumer preferences and seek to capture a larger share of the digital economy.

Regulatory Framework Enhancements

The regulatory environment in India is evolving, which appears to be fostering growth in the wholesale telecom-carrier market. Recent initiatives by the Telecom Regulatory Authority of India (TRAI) aim to simplify licensing processes and reduce compliance burdens for carriers. These regulatory enhancements are likely to encourage new entrants into the market, thereby increasing competition and driving innovation. Additionally, the government's push for digital inclusion and broadband penetration is expected to create new opportunities for wholesale carriers, as they seek to provide services to underserved regions. This regulatory support could potentially lead to a more dynamic and competitive wholesale telecom-carrier market.

Increased Focus on Cost Efficiency

Cost efficiency is becoming a critical driver in the wholesale telecom-carrier market in India. As competition intensifies, carriers are increasingly seeking ways to optimize their operational costs. This focus on cost efficiency is likely to lead to the adoption of more streamlined processes and technologies, such as cloud-based solutions and automation. By reducing operational expenditures, carriers can offer more competitive pricing to their wholesale customers, which may enhance their market position. Furthermore, the emphasis on cost efficiency could also encourage partnerships and collaborations among carriers, enabling them to share resources and infrastructure, thereby driving growth in the wholesale telecom-carrier market.

Technological Advancements in Infrastructure

the wholesale telecom-carrier market in India is undergoing a notable transformation due to rapid technological advancements in infrastructure. Innovations such as 5G technology and fiber-optic networks are enhancing the capacity and speed of data transmission. As of 2025, the Indian telecom sector is projected to invest approximately $10 billion in upgrading existing infrastructure to support these advancements. This investment is likely to facilitate improved service delivery and attract more customers, thereby driving growth in the wholesale telecom-carrier market. Furthermore, the integration of artificial intelligence and machine learning in network management is expected to optimize operations, reduce costs, and enhance customer experience, which could further stimulate demand in the market.

Market Segment Insights

By Solution: Voice Termination (Largest) vs. SIP Trunking (Fastest-Growing)

The market share distribution across the various segments in the India wholesale telecom-carrier market reveals that Voice Termination holds the largest share due to its essential role in international and domestic communications. Following closely, SMS Messaging Services and VoIP Solutions also command significant market shares, reflecting the evolving communication preferences. Other segments like SIP Trunking and Cloud Communication Services are gaining attention as they cater to modern enterprises looking to optimize their communication infrastructure. Growth trends in this segment are primarily driven by the increasing demand for cost-effective communication solutions and the shift towards digital transformation. Factors such as the emergence of 5G technologies, rising internet penetration, and the need for seamless connectivity are propelling the growth of Cloud Communication Services and VoIP Solutions. Moreover, the potential of IoT Connectivity and network security services indicates a robust future for these segments as businesses prioritize innovation and efficiency in their operations.

Voice Termination (Dominant) vs. SIP Trunking (Emerging)

Voice Termination is currently the dominant segment in the India wholesale telecom-carrier market, primarily due to its critical importance in facilitating global and interstate communication. Its robust infrastructure supports high volumes of voice traffic, making it a reliable choice for carriers. On the other hand, SIP Trunking is rapidly emerging, favored by businesses for its cost-effective and flexible services that allow for easy integration with existing communication systems. The adaptability of SIP Trunking caters to modern business needs, supporting features like scalability and efficient resource utilization. As organizations seek to enhance operational efficiency and reduce costs, both segments are likely to coexist, with Voice Termination maintaining its lead while SIP Trunking witnesses substantial growth.

By Organization Size: Large Enterprises (Largest) vs. SMEs (Fastest-Growing)

In the India wholesale telecom-carrier market, the distribution of market share leans significantly towards large enterprises, which dominate the segment due to their substantial connectivity demands and established relationships with telecom service providers. These organizations leverage consistent, high-volume contracts, enabling them to negotiate favorable terms and comprehensive service packages tailored to their extensive needs. Meanwhile, SMEs contribute a growing share of the market as they increasingly adopt digital technologies, paving the way for a more competitive landscape. The growth trends indicate that while large enterprises remain the dominant players, the SMEs are emerging as the fastest-growing segment, driven by the increasing digitalization initiatives and governmental support aimed at enhancing the connectivity for smaller businesses. Factors such as rising mobile penetration, the adoption of cloud services, and innovative pricing models tailored for SMEs significantly contribute to the accelerating growth in this segment.

Large Enterprises (Dominant) vs. SMEs (Emerging)

Large enterprises in the India wholesale telecom-carrier market exemplify the dominant segment, characterized by their robust infrastructure investments and substantial purchasing power, allowing for comprehensive telecom solutions that meet their complex requirements. They tend to prefer long-term contracts that offer reliability and stability in services. On the other hand, SMEs are considered the emerging segment, prioritizing flexibility and cost-effectiveness in their telecom solutions. As they navigate digital transformation, they are increasingly utilizing services that promote connectivity and communication efficiency. The contrasting needs between these groups present unique opportunities for telecom providers, enabling tailored service offerings that can help both large enterprises maintain their market position while supporting SMEs in their growth initiatives.

By End User: Internet Service Providers (Largest) vs. Mobile Network Operators (Fastest-Growing)

The market share in the end user segment is dominated by Internet Service Providers (ISPs), which hold a substantial portion of the market. Following closely are Mobile Network Operators (MNOs), who are rapidly increasing their market presence. Other notable players include VoIP Service Providers and Cable TV Operators, yet they contribute less comparatively to the overall market dynamics. The growth trends within this segment are driven by increasing internet penetration and a surge in mobile usage among consumers. ISPs are benefiting from the rising demand for robust broadband services, while MNOs are capitalizing on the transition to 5G technology. Meanwhile, the expansion of digital content consumption continues to impact the market positively, paving the way for emerging players like VoIP Service Providers and content providers to gain traction.

ISPs (Dominant) vs. MNOs (Emerging)

Internet Service Providers (ISPs) are characterized by their extensive network infrastructure and customer base, enabling them to dominate the end user segment. They offer a wide range of connectivity solutions, catering to both individual households and businesses. With the rising trend of remote working and online education, ISPs have significantly increased their service offerings to meet consumer needs. On the other hand, Mobile Network Operators (MNOs) are emerging players in the market, driven by the advent of 5G technology and the growing dependence on mobile data. While their market share is currently smaller than ISPs, MNOs are rapidly expanding their services and infrastructure to capture a larger share of the market, positioning themselves as essential service providers in an increasingly mobile-dependent society.

Get more detailed insights about India Wholesale Telecom Carrier Market

Key Players and Competitive Insights

The wholesale telecom-carrier market in India is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for connectivity. Major players such as AT&T (US), Verizon (US), and Vodafone (GB) are actively shaping the market through strategic initiatives focused on innovation and regional expansion. AT&T (US) emphasizes enhancing its network capabilities, while Verizon (US) is investing heavily in 5G infrastructure to bolster its service offerings. Vodafone (GB) is pursuing partnerships with local telecom operators to enhance its market presence, indicating a trend towards collaborative strategies that leverage local expertise and resources.
Key business tactics within this market include localizing operations and optimizing supply chains to enhance service delivery. The competitive structure appears moderately fragmented, with several key players vying for market share. This fragmentation allows for a diverse range of services and pricing strategies, although the influence of major companies remains substantial. The collective actions of these players contribute to a competitive environment that is both challenging and opportunistic, as they navigate the complexities of regulatory frameworks and consumer expectations.
In October 2025, Verizon (US) announced a strategic partnership with a leading Indian telecom operator to expand its 5G network capabilities in the region. This move is significant as it not only enhances Verizon's operational footprint but also aligns with the growing demand for high-speed connectivity in urban areas. The partnership is expected to facilitate the deployment of advanced technologies, thereby improving service quality and customer satisfaction.
In September 2025, Vodafone (GB) launched a new initiative aimed at enhancing its wholesale services by integrating AI-driven analytics into its operations. This strategic action is crucial as it positions Vodafone to better understand market trends and customer needs, potentially leading to more tailored service offerings. The integration of AI is indicative of a broader trend within the industry, where data-driven decision-making is becoming increasingly vital for competitive differentiation.
In August 2025, AT&T (US) completed the acquisition of a regional telecom provider, which is anticipated to strengthen its market position in India. This acquisition reflects AT&T's commitment to expanding its service portfolio and enhancing its operational capabilities. By integrating local expertise, AT&T aims to deliver more customized solutions to its clients, thereby fostering customer loyalty and retention.
As of November 2025, the competitive trends in the wholesale telecom-carrier market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in navigating complex market dynamics. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of agility and responsiveness in meeting the ever-changing demands of the market.

Key Companies in the India Wholesale Telecom Carrier Market include

Industry Developments

Recent developments in the India Wholesale Telecom Carrier Market include a significant growth trajectory, with companies like Reliance Jio and Airtel Digital leading in network expansion and 5G rollout initiatives. In July 2023, Bharti Airtel successfully completed its merger with Telenor Group’s India operations, strengthening its capacity in urban and rural regions. The market has also seen competitive pricing strategies, particularly from Vodafone Idea and Tata Communications, aimed at improving their market share amid stiff competition. In addition, BSNL and MTNL are actively upgrading their services to match private players, focusing on government contracts and public sector collaborations.

The valuation of telecom companies in India has soared over the past two years, with Reliance Jio achieving a market capitalization increase following its aggressive investment in infrastructure. Furthermore, the National Digital Communications Policy has been steering investment and innovation within the wholesale market, promoting fiber-optic networks across the country. This evolving sector remains critical as India aims to enhance digital connectivity and supports the government's digital transformation initiatives.

Future Outlook

India Wholesale Telecom Carrier Market Future Outlook

The wholesale telecom-carrier market in India is poised for growth at 11.56% CAGR from 2025 to 2035, driven by increased demand for connectivity and digital services.

New opportunities lie in:

  • Expansion of 5G infrastructure to enhance service offerings.
  • Development of IoT solutions for smart cities and industries.
  • Partnerships with tech firms for cloud-based telecom services.

By 2035, the market is expected to achieve robust growth, driven by technological advancements and strategic partnerships.

Market Segmentation

India Wholesale Telecom Carrier Market End User Outlook

  • Internet Service Providers (ISPS)
  • Mobile Network Operators (MNOs)
  • VoIP Service Providers
  • Cable TV Operators
  • Government Agencies
  • Educational Institutes
  • Content Providers
  • Others

India Wholesale Telecom Carrier Market Solution Outlook

  • Voice Termination
  • SMS Messaging Services
  • VoIP Solutions
  • Data Roaming Services
  • International Call Services
  • SIP Trunking
  • Mobile Number Portability
  • Cloud Communication Services
  • Network Security Solutions
  • Interconnection Services
  • MPLS (Multiprotocol Label Switching) Solutions
  • Bandwidth on Demand
  • Colocation Services
  • Hosted PBX Services
  • Virtual Private Network (VPN) Services
  • Data Center Services
  • Ethernet Services
  • Content Delivery Network (CDN) Services
  • Mobile Virtual Network Enabler (MVNE) Services
  • International Data Services
  • Dark Fiber Services
  • Internet Exchange Point (IXP) Services
  • Satellite Communication Services
  • IoT Connectivity Solutions
  • Cloud Connectivity Services
  • Voice over LTE (VoLTE) Services
  • 5G Network Services
  • Network Monitoring and Management Services
  • Disaster Recovery Services
  • Network Consulting Services
  • Managed Network Services
  • Mobile Device Management (MDM) Solutions
  • Network Virtualization Services
  • DDoS Protection Services
  • Internet Transit Services
  • Mobile Advertising Solutions
  • Mobile Payment Solutions
  • Network Equipment Sales and Leasing
  • Video Conferencing Services
  • Unified Communications Solutions
  • Network Traffic Optimization
  • Fraud Management Solutions
  • Network Performance Monitoring
  • Software-Defined Networking (SDN) Solutions
  • Business Continuity Services
  • Blockchain-based Telecom Solutions
  • Wholesale Voice Trading Platforms
  • Network Capacity Planning
  • Over-the-Top (OTT) Service Solutions
  • Network Infrastructure Management Services
  • Multi-Cloud Connectivity Services
  • Others

India Wholesale Telecom Carrier Market Organization Size Outlook

  • SMEs
  • Large Enterprises

Report Scope

MARKET SIZE 2024 21923.48(USD Million)
MARKET SIZE 2025 24457.83(USD Million)
MARKET SIZE 2035 73000.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 11.56% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled AT&T (US), Verizon (US), Deutsche Telekom (DE), NTT Communications (JP), Orange (FR), Vodafone (GB), Telefónica (ES), China Telecom (CN), China Mobile (CN)
Segments Covered Solution, Organization Size, End User
Key Market Opportunities Expansion of 5G infrastructure and services in the wholesale telecom-carrier market.
Key Market Dynamics Intensifying competition among carriers drives innovation and pricing strategies in the wholesale telecom-carrier market.
Countries Covered India
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FAQs

What is the expected market size of the India Wholesale Telecom Carrier Market in 2024?

The India Wholesale Telecom Carrier Market is expected to be valued at 33.13 USD Billion in 2024.

What is the projected market size for the India Wholesale Telecom Carrier Market by 2035?

By 2035, the market is projected to grow to 109.35 USD Billion.

What is the expected compound annual growth rate (CAGR) for the India Wholesale Telecom Carrier Market from 2025 to 2035?

The expected CAGR for the market from 2025 to 2035 is 11.467%.

Which solution segment is anticipated to hold the largest market value in 2024?

Voice Termination is anticipated to hold the largest market value at 6.63 USD Billion in 2024.

What is the market size for VoIP Solutions in the India Wholesale Telecom Carrier Market in 2035?

The market size for VoIP Solutions is expected to reach 27.75 USD Billion by 2035.

What are some of the key players in the India Wholesale Telecom Carrier Market?

Key players include Bharti Airtel, Reliance Communications, Vodafone Group, and Tata Communications.

What is the current market value of SMS Messaging Services in 2024?

SMS Messaging Services is valued at 4.97 USD Billion in 2024.

What is the expected growth rate for International Call Services from 2024 to 2035?

International Call Services is expected to grow from 7.46 USD Billion in 2024 to 23.57 USD Billion in 2035.

How has the growth of Data Roaming Services been projected for 2035?

Data Roaming Services is projected to be valued at 19.21 USD Billion by 2035.

What are the important growth drivers for the India Wholesale Telecom Carrier Market?

Key growth drivers include increasing demand for digital communication and expanding international connectivity.

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