BURNABY, Canada, October 20, 2014 /PRNewswire/ --
Increasing Government Expenditure for the Development of Telecom Infrastructure and Projects Such as National Optical Fiber Network to Drive Telecom Cable Market
According to the recently published report by TechSci Research, "India Telecom Cable Market Forecast & Opportunities, 2019", the telecom cable market in India is forecast to reach USD354.23 million by 2019. Growing number of telecom subscribers, growing penetration of smartphones and rising demand for high speed data transmission are the major factors propelling the demand for telecom cables in the country. With increasing data traffic, expansion of telecom infrastructure has become inevitable, thereby spurring the market for telecom cables. In 2013, advanced optical fiber cables that are designed for high speed data transfer dominated the market, holding over 50% market share in value terms. The segment is expected to continue dominating through the forecast period due to rising demand for high speed Internet on the go.
The Government of India is planning to connect 250,000 Gram Panchayats in various parts of the country to their respective district blocks for stream lining various sectors healthcare, education, etc. This is expected to drive the adoption of telecom cables in rural India on the back of rising number of mobile subscribers. In addition, projects like Network for Spectrum (NFS) being implemented by the Indian Army and Indian Navy are also expected fuel the market for telecom cables in the country. In addition, the expected 4G rollout would further propel the demand for telecom cables in the country. Considering these opportunities, telecom operators are also eyeing to expand their penetration level in rural areas over the forecast period.
"Increasing penetration of telecom services in rural India has emerged as the major growth driver for the Indian telecom cable market. Teledensity in India is increasing continuously due to the growing demand for high speed internet services, which cannot be catered by traditional copper cable network. On account of these factors, fiber optics cables market is expected to gain a lion's share in India's telecom cable market. ", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Telecom Cable Market Forecast & Opportunities, 2019" has evaluated the future growth potential of the Telecom Cable market in India and provides statistics and information on market structure, market trends, market size & share, etc. The report includes Telecom Cable market projections and demand forecasting. The report is intended 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 available in the Telecom Cable Market in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
Sales & Marketing Consultant
Contact Phone- +1 646 360 1656
SOURCE TechSci Research