Govt. initiatives drive growth
India’s Gigabit Passive Optical Network (GPON) market is projected to grow at a CAGR of over 39.4% during 2019-2025, said a report by ResearchAndMarkets on 17 June 2019.
Increasing demand for high bandwidth coupled with the rising number of internet users is driving the growth of GPON market, said the report “Market Forecast by Structure, by Applications, by Technology, by Verticals, by Regions and Competitive Landscape”.
Additionally, the need for telecommunication to deliver triple play video, voice and data has ignited the growth of the passive optical network market.
Various government initiatives such as BharatNet programme, Smart city project, digitalization of the economy, etc., across the country would further propel the GPON market in India, according to the report.
The commercial vertical is expected to exhibit the highest growth on account of rising demand for high-speed connectivity in office premises and commercial buildings, surging need for a robust and secure network in the banking sector, increasing digital education, and others.
In addition, increasing deployment and integration of passive optical network in the commercial vertical is exhibiting the overall improvement of operations and reducing cost thereby resulting in the growth of the GPON market in India.
Further, with the rapid development of 5G service in the country, the demand for efficient backhaul technology in the telecom sector is projected to rise sharply which would further fuel the growth of the market during the forecast period.
The report covered Adtran Networks India Private Limited, Alphion India Private Limited, Broadcom Ltd, Cisco Systems India Pvt Ltd, Genexis India Pvt Ltd, Huawei Technologies India Private Limited, Mitsubishi Electric India Private Limited, Nokia India Private Limited, Tejas Networks Limited and ZTE Telecom India Private Limited. fiinews.com
