The Telecommunication Industry belongs to oligopoly market

The Telecommunication Industry belongs to oligopoly market. It is one of the growing market in the world. Few number of sellers is the most significant feature of an oligopoly market .In Telecommunication industry there is mainly few number of sellers which are Airtel, Jio, Vodafone idea ltd., almost every telecom company holds equal size of the market share.
In an oligopoly market, due to less number of sellers they must track their competitor’s reaction before making pricing decision. It is very difficult to enter in an oligopoly market because the whole market is controlled by few firms. It is not easy for new firms to enter in an oligopoly market as a barriers such as control over customer switching cost and strong brand image block access to new firm.

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