Hyderabad, NFAPost: Indian government’s efforts to expand fibre optic infrastructure across the country will further boost fixed broadband services market growth. India’s fixed broadband services market expected to grow at a CAGR of 7.1% by 2025, according to GlobalData.
Growing demand for high-speed internet services to support work-from-home needs. Usage of high-bandwidth OTT video services among people amidst the COVID-19 are driving India’s fixed broadband service market revenue.
Under the Digital India program, the Indian government plans to increase optical fibre connectivity across all 600,000 villages by 2023.
A GlobalData’s India Fixed Communication Forecast Pack analysis reveals that the total fibre optic access lines have increased 113% Y-o-Y in 2020 and will reach 10.19 million by 2025.
GlobalData Telecom Analyst Antariksh Raut said recognising that the country’s appetite for data consumption is increasing by the day, the authorities have taken up OFC deployment on a priority.
“The Department of Telecommunications (DoT) has already set up a target to deploy five million kilometres of fibre by 2024. India presently has a fibre network spanning around 2.8 million kilometres,” said Antariksh Raut.
Antariksh Raut sad India’s fixed broadband services outlook and estimates of fibre-optic lines to hold 23% market share of total access lines. “It will be surpassing xDSL subscriptions in 2025,” added Antariksh Raut.
He also pointed out that India’s Fibre optic services revenue expected to grow at a CAGR of 13% between 2020 and 2025, accounting for $4.7 million in 2025.
“Reliance Jio is expected to outshine its competitors with its share of fibre optics subscribers. In 2020, Jio’s fibre optics market share was around 31% of total broadband access lines in India,” concluded Raut,” said Antariksh Raut.
(The story is based on inputs from Tech Herald)