Fixed-Line Communications Market Size

Fixed-line Communications Market Analysis

The fixed-line communications market is expected to register a CAGR of over 11.32% during the forecast period.

• The trend for digitalization has also resulted in the emergence and shift toward purchasing set-top boxes (STBs) from cable television, allowing customers to enjoy a broader range of services at a relatively lower cost and enabling the providers to offer a better quality of services.
• The wired networks that provide fixed broadband and telephone services are generally referred to as fixed-line telecommunications. These modes of communication can be thought of as a cable connection to an end user, via which the user can connect to the Internet or make a phone call. Fixed data, often known as fixed broadband, refers to using a range of technologies for high-speed data transfer to a home or company. Examples of transmission methods are cable modem internet, digital subscriber line (DSL) internet, fiber optic cable, and other fixed broadband technology connections.
• The demand for faster Internet services is driving the market studied. Increasing Internet and broadband penetration and an increasing preference for high-definition (HD) channels and on-demand video services would likely boost market expansion. 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. They 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 in the market with the advent of IoT, Big Data analytics, and cloud-based services. Network equipment plays a significant role in the operations of data centers. Additionally, there is an increasing demand for data centers from government agencies, large enterprises, and telecommunication organizations, driving the market studied.
• Nevertheless, the lack of training and development of technicians is a challenge for the growth of the market studied. According to Equinix, in this year's global tech trends survey, 74 percent of IT decision-makers view the shortage of personnel with the required skills as one of the main threats to the business.
• The COVID-19 pandemic provided a significant boost to connectivity. Digital technology and services enable individuals to have easy access to the Internet and use it regularly and effectively to better their lives in terms of work-from-home (WFH), online learning, online commerce, etc. This benefits people all over the world. This trend continues even post-pandemic owing to the increasing usage of data, an uptrend in 5G, and the rapid shift in working arrangements, helping businesses to stay in operation and communities connected in unprecedented conditions. These advancements drive the need for fixed-line communication equipment.