Press Release

India Wired Broadband Market to Grow at Brisk Rate During Forecast Period

Growing adoption of fiber 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, By Bundle, Competition, Forecast & Opportunities, 2024”, India wired broadband market is anticipated to grow at an impressive rate during the forecast period on account of growing demand for demand for data at higher speed in places such as homes, small enterprises, education institutes and offices. The penetration of wired broadband is only 7% or 18.42 million as of 2019. 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 is further hindering 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, bundle and region. Based on the type, the market can be segmented into digital subscriber line, coaxial cable and fiber to the home. Fiber to the home is anticipated to witness rapid adoption in the next five years as it offers higher bandwidth and can be used for long distances when compared with its counterparts. In terms of speed, market can be segmented into upto 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.

 

Major companies operating in India wired broadband market include Atria Convergence Technologies Ltd (ACT), BSNL, Airtel, 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. On account of growing demand for data, broadband companies and telecom operators will face intense competition in the forthcoming years.

 

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“Wired broadband market in India is expected to grow at a brisk rate in the forthcoming years on account of growing demand for data and high price elasticity. Based on the bundle, broadband providers have also started offering free calling and cable TV, which is further anticipated to drive the adoption of wired broadband over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Wired Broadband Market By Type, By Speed, By Application, By Bundle, 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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