India Wired Broadband Market to Cross $ 243 Million by 2024
Growing
adoption of fibre to the home (FTTH) 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 reach $ 243 million by 2024 on account of
growing demand for high speed data at residential spaces, small enterprises,
education institutes, etc. The penetration of wired broadband stood at only 7%
or 18.42 million subscriptions, as of March 2019, in the country, according to
Telecom Regulatory Authority of India (TRAI). 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 across 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. Based on the application, India wired
broadband market can be segmented into Residential, Commercial and Industrial.
Residential segment accounted for over 45% market share and is expected to hold
its dominance during the forecast period. This is attributed to the growing
demand for wired broadband in residential application for access to various OTT
platforms while providing high speed internet coupled with reduction in prices
over the last few years.
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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 grow 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 Atria Convergence Technologies Ltd (ACT), Bharat Sanchar Nigam Limited,
Bharti Airtel Limited, Mahanagar Telephone Nigam Limited, Hathway Cable &
Datacom Limited (Hathway), Excitel Broadband, You Broadband, Nextra, among
others. The companies operating in the market are using strategies such as
product launches and collaborations to increase their share and reach in the
market. For instance, Atria Convergence Technologies Ltd is collaborating with
content partners such as Zee5 and Sony Liv in order to offer a wider array of
services to its customers.
“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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