Sterlite Technologies Leads Optical Fiber Cables Market in India
Government
initiatives coupled with growing investments in data centers and increasing
popularity of FTTH (Fiber to the Home) to drive India optical fiber cables
market through 2024
According
to TechSci Research report, “India Optical Fiber Cables Market By Type, By Material, By End User, Competition
Forecast & Opportunities, 2014 – 2024’’, optical fiber cables (OFC)
market in India is forecast to grow at a CAGR of 19.7% during 2020-2024. Large
nationwide projects, including Digital India, National
Fiber Spectrum and National Optical Fiber Network; rising internet penetration,
and surging number of smartphone users are some of the key factors driving
India OFC market. Moreover, increasing popularity of cloud computing services,
such as Software-as-a-Service and Infrastructure-as-a-Service, and rising
adoption of OFC for FTTH connectivity are further expected to propel demand for
optical fiber cables in India.
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Pages and an in-depth TOC on “India Optical Fiber Cables Market"
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Surging deployment of OFC network
by IT & telecom companies, led by state-owned Bharat Sanchar Nigam Limited
(BSNL) and RailTel, in addition to increasing investments by companies in
data centers to offer seamless internet connectivity and transmission of
digital information, is expected to aid India OFC market during forecast period.
Among types, single-mode optical fiber cables are dominate the market backed by
increasing number of internet-enabled devices and growing demand from IT &
telecom and government sectors. Sterlite Technologies Limited, Himachal
Futuristic Communications Ltd., Aksh OptiFiber Limited, Finolex Cables Limited,
Birla Cables Limited are some of the major companies operating in India OFC
market.
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“OFC is gaining popularity across India, with leading
IT & telecom companies and MSO (Multiple System Operator) companies demanding
OFC for improving internet connectivity, mitigating data loss, offering FTTH
connectivity and expanding their customer base. In addition, Smart Cities
Vision and rising popularity of cloud computing services in the country are expected
to play a major role in driving adoption of OFC in India, thereby transforming India
into a high potential market for OFC companies.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Optical Fiber
Cables Market By Type, By Material, By End User, Competition Forecast &
Opportunities, 2014 – 2024” has evaluated the future growth potential of India optical
fiber cables market and provides statistics and information on market size,
structure and future market growth. The report offers decision makers superior
market intelligence, thereby enabling them conduct thorough investment
appraisal. Besides, the report also analyzes the evolving market scenario along
with drivers, challenges and opportunities prevalent in India OFC market.
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