India Wired Broadband Market stood at USD 503.34 Million in FY2022 and is expected to register a CAGR of 15.43% during the forecast period
A connection made of wires is referred to as "wired broadband." These cables can be manufactured in twisted pair, copper, or fiber optic materials. Different electrical signals can be transmitted from one end to the other via a connected interface. Broadband internet services are utilized for digital games, Internet TV, smart home applications, remote online education, virtual private LAN services, and voice over IP (VoIP).
Adoption of OTT Platform & E-Commerce
The key reasons driving the growth of the India wired broadband market in the forecast period include the rapid expansion of the e-commerce industry and increased online entertainment spending.
The global pandemic has changed the media consumption behavior of Indian audiences. Consumers are adopting OTT platforms, resulting in increased demand and share of Netflix and Amazon Prime in India. Contrary, domestic providers like Hot Spot and JIO Cinema are also making significant progress.
The COVID-19 epidemic substantially increased the need for wired broadband services due to the rising demand for digital platforms as businesses everywhere around India started operations in hybrid mode. A lot of organizations are switching to digital media for continuing corporate operations.
Rising Fiber to Home Connectivity and
The latest trend in the market is that companies are focusing on deploying optical fiber networks to provide high-speed broadband services to their users. Fiber optics enables the transmission of high-speed data across long distances. As compared to ordinary cables, fiber-optic lines offer a higher bandwidth and can transport data across long distances. Fiber-optic connections are used extensively in India for telephone and cable television services. According to an India Data study, by 2023, the Indian government aims to have optical fiber connectivity deployed in 600,000 villages as part of its "ambitious" "Digital India Mission" initiative. Owing to this, market is anticipated to witness double digit grow in the upcoming years.
Users now require more high-speed data to use online platforms as they embrace high-speed internet access and the work-from-home initiative. Players in the market are launching 5G rollout plan. For instance,
The government announced the ambitious National Internet Mission, which would require stakeholder investment of (USD 85589.07 million) INR 7 lakh crore over the next several years. The government, in November 2022, promised broadband connectivity in the rural area. As the administration of India promises to give high-speed connectivity in rural areas, the wired broadband market is expected to grow.
Restraining Factors
Since the introduction of wireless mobile internet connectivity, particularly 4G, and competitive prices, there has been less growth in number of wired broadband connections. Customers believe that inexpensive mobile Internet, even with daily data caps, is a better deal. All these factors are restricting the market's expansion in the anticipated period as people are shifting to 5G networks now since they are more practical and user-friendly.
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Recent Developments
In March 2021, Advanced Television Systems Committee (ATSC) and Telecommunications Standards Development Society, India (TSDSI) signed a deal to boost adoption of ATSC standards in India in order to make broadcast services found at on mobile devices. This allows the TSDSI to follow ATSC standards, fostering global digital broadcasting standard harmonization.
NXP Layerscape Processor have been used by Jio Platforms to construct new 5G NR O-RAN small cells. Offering cutting-edge radio devices that are 3GPP and O-RAN compatible is the aim of collaboration. Solution provides performance for Industry 4.0, broadband connectivity, and other applications.
| Attribute | Details |
| Market Size (2022) | USD 503.34 Million, CAGR 15.43% in forecast Period |
| Base Year | 2021 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Type Speed Application |
| Regional scope | North, West, South, East |
| Key companies profiled | 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 |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
