India Wired Broadband Market to Grow at over 30% until 2024
Growing
adoption of fibre to the home due to services offerings such as wireline voice,
wireline broadband and television to drive India wired broadband market during forecast
period
According to TechSci Research report, “India Wired Broadband Market By Type, By Speed, By
Application, Competition, Forecast & Opportunities, 2024”, India wired
broadband market is anticipated to grow at an impressive rate of 37% during 2019-2024 on
account of growing demand for high speed data at residential spaces, small
enterprises, education institutes, etc. The penetration of wired broadband stands
at only 7% or 18.42 million subscriptions, as of 2019, in the country . Additionally,
increasing application of ICT services is contributing to the growth of telecom
services. However, one of the major challenges for the wired broadband market
is laying fiber. Municipalities in India have complex right of way (RoW) procedures, which is
restricting the growth of wired broadband in the country.
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Wired broadband market in India can be
segmented based on type, speed, application and region. Based on the type, the
market can be segmented into digital subscriber line, coaxial cable and fiber
to the home. In terms of speed, market can be segmented into up to 1 Mbps, 2-8
Mbps, 9-40 Mbps, 40-100 Mbps and above 100 Mbps. Average speed offered by wired
broadband stands at 2-8 Mbps in India.
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“Demand for high speed data is growing across India, and
this trend is only expected to get stronger in the times to come. As a result,
the wired broadband market in India is forecast to double over the next 3-4
years on account of growing demand for data and declining broadband prices.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm. Major companies operating in India wired
broadband market include BSNL, Airtel, Atria Convergence Technologies Ltd (ACT), MTNL, Hathway Cable &
Datacom, Reliance Industries Ltd, You Broadband, Nextra, among others. The companies
operating in the market are using strategies such as product launches, mergers
and collaborations to increase their share in the market. For instance, Atrica Convergence
Technologies Ltd is collaborating with content partners such as Zee5 and Sony
Liv in order to serve customers in a better way.
“India Wired Broadband
Market By Type, By Speed, By Application, Competition, Forecast &
Opportunities, 2024”, has analyzed the potential of wired broadband market across
the country, and provides statistics and information on market sizes, shares
and trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by India wired broadband market.
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