Fixed-Line Communications Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The fixed-line communications market is expected to record a CAGR of over 11.32%, during the forecast period (2021-2026). The trend for digitalization has also resulted in the emergence and shift toward the purchase of set-top box (STBs) from cable televisions. This, in turn, allows the customers to enjoy a broader range of services at a relatively lower cost and also enables the providers to offer a better quality of services. The cloud is a virtual platform remote in nature, which is used to store, manage, and retrieve data or resources as and when required by the enterprises. The increase in the data capable devices and web applications has increased the need for scalable cloud technology. Many enterprises are inclined toward the cloud storage to eliminate investments required for the storage hardware and physical infrastructure.

• The demand for faster internet services is driving the market studied. Fixed-line communications are highly relevant in small enterprises, homes, education institutes, and offices. Fixed-line telephone players are witnessing a boom in data service revenues, and are trying to provide 'triple play', a combination of play-broadband internet, video, and voice, over an IP network, to consumers.
• Increasing demand for data centers is trending the market with the advent of IoT, Big Data analytics, and cloud-based services. Network equipment plays a significant roles in the operations of data centers. Additionally, there is an increasing demand for data centers, from government agencies, large enterprises, and telecommunication organizations, which is driving the market studied.
• Nevertheless, lack of training and development of technicians is a challenge for the growth of the market studied.

Scope of the Report

With the increasing digitization and the demand for data transmission, the fixed-line network has developed into a universal integrated services network. The merging of voice and data transmission via the fixed-line network opens up entirely new possibilities. The adoption of 4G and 5G services is expected to augment the growth of the cable segment, as fixed-line communications are necessary to deliver such services.

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Key Market Trends

Growth of Fiber Optic Cable is Expected to Stimulate the Market Growth

• Fiber-based fixed broadband services remain to be the most adopted internet services by households and businesses. In the leading markets, most of the fixed-line network has been replaced by the fiber-optic cables to benefit from the optical fiber’s far better performance than twisted-copper networks.
• The proliferation of the internet and the subsequent roll-out of services, such as video-on-demand, led to increased bandwidth demand, which fueled the adoption of fiber optics, a more enhanced medium of communication. 
• Fixed-broadband deployment subscription continues to grow yearly, with growing importance on fiber infrastructure. The residential sector is one of the largest consumers of fixed-line services. A large and ever-increasing number of users connect to the internet via residential broadband networks.

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