The fiber to the Home (FTTH) segment to Grow at CAGR of 17.62% in the forecast period.
The
rising internet penetration rate and adoption of work-from-home culture are
propelling the market growth in 2023-2028.
According to TechSci Research report, India Wired Broadband Market - By Region,
Competition Forecast & Opportunities, 2018-2028, India Wired Broadband market stood at USD503.34 million in the year 2022. Rising internet usage is the main driver propelling
market growth. The complete lockdown and WFH forced everyone to do daily
business online. Internet shopping, increasing e-learning portal usage, and
other web-based portals have all contributed to rising internet usage. Due to
the pandemic, end use sectors began operating primarily in digital mode and
permitted employees to work from home. This increased the demand for wired
broadband, which in turn helped to drive the demand of the India broadband
market.
In the upcoming
years, India would be the fastest growth rate which is expected to grow
mostly at the cost of the cable internet sector from around 22 million users at
the beginning of this year to over 80 million.
Southern
region and Northern region are estimated to be the largest market share in the
India Wired Broadband Market, holding a market share of 29.04% and 29.54% in
the year FY2022, respectively. North India is the fastest-growing segment in
the India Wired Broadband Market. In Punjab, Netplus is a well-known company
that offers services in eight states in northern India. It recently announced
that it had reached the milestone of 5 lakh subscribers in India. Up to 1 Gbps
of internet connectivity is offered via Netplus. In addition, the business
charges Rs 499 per month for an unlimited internet subscription with 40 Mbps
internet speed (exclusive of taxes). Due to this advancement in north India,
market is anticipated to grow with the CAGR of 16.20% in the forecast period.
Browse over XX market data Figures spread
through 70 Pages and an in-depth TOC on the " India Wired Broadband Market".
The India Wired
Broadband Market is segmented into type,
application, and speed. Based on type, the market is segmented into Digital Subscriber
Line (DSL), Coaxial Cable, and Fiber to the Home (FTTH). Coaxial
cable, a high-frequency transmission cable frequently used in television,
telephone, and digital audio transmissions, is the most dominant category,
representing 60.22% of the market in FY2022. Furthermore, these cables offer
fine attributes, including quicker communication, greater bandwidth, noise and
interference immunity, and a longer cable length between devices.
Based
on application, the market is divided into residential,
commercial, and industrial. With a market share of 51.12% in FY2022 and an
anticipated CAGR of 15.10% during the forecast period, the residential sector
is expected to continue to dominate the India wired broadband market. Since
users cannot immediately move a device from one location to another, a network
connection may not be available at the time, and more people are using wired
broadband in the residential sector than in the commercial sector. In addition,
more companies are offering work-from-home options; hence the residential
sector is expected to grow at a high CAGR during the forecast period.
Based
on speed, the market is divided Upto 1 Mbps, 2-8 Mbps,
9-40 Mbps, 40-100 Mbps, and above 100 Mbps. Over 100 Mbps is
leading, with a market share of 49.63% in FY2022, and over 100 Mbps is also a fast
enough speed for a household of up to four people and for streaming HD films.
This supremacy is due to the rise in the number of people working from home due
to the pandemic. Many businesses work with partners or suppliers in several,
perhaps faraway areas. High-speed broadband can make it easier for businesses
to collaborate over long distances. A 100 Mbps internet connection offers
quicker file sharing, wider access to shared platforms, and swift information
delivery. It makes it easier for consumers and employees of the organization to
collaborate and communicate effectively.
Key market players in the India Wired
Broadband Market include: -
- Bharat Sanchar Nigam Limited
- Reliance Jio Infocomm Limited
- Bharti Airtel Private Limited
- Asianet Satellite Communications
Private Limited
- Hathway Cable and Datacom Limited
- Atria Convergence Technologies Limited
- Vodafone Idea Limited
- Siti Networks Limited
- Excitel Broadband Private Limited
- Shyam Spectra Private Limited
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
" The market is growing
rapidly as a result of growing internet usage and the development of a
work-from-home culture. India's rural areas have a low penetration rate, which
emphasizes the huge potential for more inclusive broadband expansion. In the
upcoming years, the wired broadband industry is expected to experience a large
and favorable influence as a consequence of the major firms' increasing efforts
to create 5G technologies due to which market is growing in the future.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
India Wired Broadband
Market By Type (Digital Subscriber Line (DSL), Coaxial Cable, Fiber to the Home
(FTTH)), By Speed (Upto 1 Mbps, 2-8 Mbps, 9-40 Mbps, 40-100 Mbps, Above 100
Mbps), By Application (Residential, Commercial, Industrial), By Region, Competition Forecast &
Opportunities, 2017-2027 has evaluated the future growth potential of India Wired Broadband Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities India Wired
Broadband Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Connect with us
on Twitter - https://twitter.com/TechSciResearch
Connect with us
on LinkedIn - https://www.linkedin.com/company/techsci-research