NEW YORK, November 16, 2016 /PRNewswire/ --
Favourable government initiatives, increasing broadband penetration and digitization of Cable TV to aid India optical fiber cables market
According to TechSci Research report "India Optical Fiber Cables Market By Type, By Material Used, By End User, Competition Forecast & Opportunities, 2011 - 2021", the optical fiber cables market in India is anticipated to grow at a CAGR of over 13% during 2016 - 2021. Growth in the market is anticipated on account of growing adoption of smartphones and growing demand for internet driven applications like HDTV, video on demand, faster file sharing, etc. Moreover, growing technological advancements increase in the number of connected devices and rise in the number of data centers are expected to positively influence India optical fiber cables market over the span of next five years.
Browse 25 market data Tables and 30 Figures spread through 120 Pages and an in-depth TOC on "India Optical Fiber Cables Market"
A huge number of working class population in India own high-end smartphones supporting various technologies such as Wi-Fi, 3G, etc. This class of consumers, in particular, is boosting the demand for on-the-go high speed data services. As a result, the government of India has announced various projects to build and strengthen OFC network for addressing the country's increasing data transmission requirements. In addition, digitization of cable TV network has been mandated in the country, which is further propeling the demand for optical fiber cables in the country.
India Rural & Urban Telephone Subscribers Base, By Wired & Wireless Connections, As on 30th April, 2016 (Million)
Wired Wireless Urban Subscribers 20.8 586.41 Rural Subscribers 4.23 447.84
Source: Telecom Regulatory Authority of India (TRAI)
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"Nationwide connectivity projects launched by the government such as National Optical Fiber Network (NOFN) and National Fiber Spectrum (NFS), and the rollout of 4G in the country are bound to boost data transmission volumes, thereby making expansion of OFC installations critical for supporting the planned network expansions. In addition, next generation technologies such as LTE and FTTx, which require last mile connectivity, is expected to propel the demand for optical fiber cables in the coming years.'’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Optical Fiber Cables Market By Type, By Material Used, By End User, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of India optical fiber cables market and provides statistics and 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 evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India optical fiber cables market.
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