A recent report by GlobalData suggests that the fixed communication services revenue of India is set to experience a compound annual growth rate (CAGR) of 6.4%, with an estimated increase from $10.2 billion in 2022 to $13.9 billion in 2027. The growth will be mainly driven by the fixed broadband segment, which is predicted to see solid growth in broadband subscriptions, especially fibre broadband. The study also forecasts a decline in fixed voice services revenue, which is expected to drop at a CAGR of 1 per cent over 2022-2027. This is due to the decrease in circuit-switched subscriptions and a decline in fixed voice ARPU levels.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The report suggests that the demand for high-speed internet services and competitively priced fibre broadband plans will drive fibre broadband service adoption in India during the forecast period. GlobalData predicts that fibre optic lines will hold over 85 per cent of total broadband lines in 2027, supported by government investments in fibre network infrastructure and operators’ fibre-to-the-home service expansions. The report projects that there will be a compound annual growth rate (CAGR) of 9.2% in fibre optic service revenue between the years 2022 and 2027.
The report suggests that Reliance Jio is expected to remain at the forefront of the fixed broadband services market in India during the forecast period. The operator’s promotional offers on its broadband plans are expected to support its position as it leads in terms of subscription share. The report also indicates that operators include free voice minutes with their fixed bundled plans.
In conclusion, GlobalData’s India Fixed Communications Forecast (Q1 2023) predicts that the fixed communication services revenue in India will grow at a CAGR of 6.4 per cent from $10.2 billion in 2022 to $13.9 billion in 2027. The growth will be mainly driven by the fixed broadband segment, which is expected to see solid growth in broadband subscriptions, especially fibre broadband. However, fixed voice services revenue is predicted to decline over the same period. The report also predicts that fibre optic lines will hold over 85 per cent of total broadband lines in 2027, with Reliance Jio leading the country’s fixed broadband services market.
You may also read this:
One of the major domestic first-class cricket competitions in India is the Duleep Trophy. This…
India is set to expand apart from the Mumbai-Ahmedabad rail corridor and developing plans for…
The ceremony of 72nd National Film Awards will take place in Ekta Nagar in Narmada…
The appearance of the continents depicted on the map might not correspond to their real…
The BRICS Cross-border Payment System is an initiative launched by the BRICS nations to improve…
Union Home Minister and Minister of Cooperation Amit Shah conferred the President’s Colour on Goa…