A recently published report released by TechSci Research suggests that the Optical Fiber Cable market in India will reach $424m by 2020 based on the growing adoption of smartphones, broadband services and upcoming 4G roll out.
It is believed that Indian consumers are heading towards internet driven applications such as video on demand and HDTV, this in turn is boosting future investments in fibre.
In comparison to copper cables, fiber optic technology delivers much higher bandwidth, which has become extremely vital for supporting burgeoning data traffic.
“Government of India, on its part, is doing every bit to contribute towards expanding telecom infrastructure. This is evident from government’s participation in various telecom support projects such as National Optic Fiber Network (NOFN) to connect Gram Panchayats in rural pockets of India with a principal telecom network, for high speed data transmission and internet services.
“The NOFN project is expected to be one of the major drivers for OFC installations in India over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a global market research and consulting company.
“India Optical Fiber Cables Market Forecast & Opportunities,2020” has evaluated future growth potential of OFC market in India and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting.
“The report is intended to provide cutting-edge market intelligence and help decision makers in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India’s OFC market.”
Read more: TechSci Research