Fixed broadband services to grow at a CAGR of 7.1% by 2025

Spread the love

Hyderabad: 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.

“Recognizing 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, Telecom Analyst – GlobalData.

“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 Raut.

“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.

Leave a Reply

Your email address will not be published. Required fields are marked *