Press Release

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

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" 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.

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