India Optical Fiber Cables (OFC) Market to Reach USD424 Million by 2020, Reports TechSci Research

India Optical Fiber Cables (OFC) Market to Reach USD424 Million by 2020, Reports TechSci Research

BURNABY, Canada, January 19, 2015 /PRNewswire/ --



Rising broadband penetration, introduction of low cost smartphones, digitization of
Cable TV and 4G Rollout to boost OFC deployment in India



According to a recently published report by TechSci Research "India Optical Fiber
Cables Market Forecast & Opportunities,2020 [http://www.techsciresearch.com/3169 ]", 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. 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.



(Logo:
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A huge number of working class populationin 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 Mr. Karan Chechi, Research Director
with TechSci Research [http://www.techsciresearch.com ], 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.



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.



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