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OFC market to reach USD424 mn by 2020 TechSci Research

As per recently published report by TechSci Research the OFC market in India is projected to reach USD424 million by 2020 on account of growing adoption of smartphones broadband services and upcoming 4G rollout
OFC market to reach USD424 mn by 2020 TechSci Research

According to TechSci Research’s recently published report, "India Optical Fiber Cables Market Forecast & Opportunities,2020", the OFC market in India is projected to reach USD424 million by 2020 on account of growing adoption of smartphones, broadband services and upcoming 4G rollout. TechSci Research is a global market research and consulting company.

Indian consumers are increasingly shifting towards internet-driven applications such as video on demand, HDTV, etc, which is boosting investments towards OFC network expansion throughout the country. In comparison to copper cables, OFC technology delivers much higher bandwidth, which has become extremely vital for supporting burgeoning data traffic.

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 OFC network. Currently, the major users of OFCs include telecom service providers, internet service providers, multiple system operators, Cable TV operators, defense agencies and PSUs among others.

"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 Karan Chechi, Research Director at TechSci Research.

"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.

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