Telecommunication
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Industry in Nutshell
The Telecommunications (Telecom) industry has been one of the fastest growing sectors in India, becoming a major contributor to India’s economic growth and progress. With a mobile phone subscriber base of 811.59 million in March 2011, India is currently the second largest market in the world. The fast track growth in the domestic telecom market has attracted significant investments which are expected to grow with the entry of new players and launch of new services.
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), telephone equipment and upcoming 4G.
Scarcity of Talent
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.
WAVECO Solution
Our team members at WAVECO are 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.
