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The Indian telecom industry has undergone a revolutionary change during the past few years to become one of the leading telecom markets on the global map. Easy availability of low-priced devices, rampant network coverage, and affordable services are some of the major factors that have boosted its growth and will continue to do the same in future.

TechNavio analysts forecast that the Global 4G Equipment Market will reach $16.4 billion in 2014. One of the key factors contributing to the growth of this market is the greater capacity, speed, and reliability offered by this equipment. However, the large investments that customers have made in the existing 3G technology could pose a challenge to the growth of this market.