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A Boom for Telecom Firms

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Recent analysis shows that Indian telecommunication firms are expected to reap long-term benefits from the Covid-19 pandemic due to the increasing demand for mobile data and internet connectivity. The demand for internet services has surged as people shifted their interactions and daily activities online amid COVID-19 physical restrictions.

As people around the world are restricted from leaving their homes, they spend most of their time on the internet surfing. Recent reports say that there is a 30% increase in data consumption since lockdown and telecom giants like Airtel and Reliance Jio are benefiting most from this. Work from home in most of the IT industries also contributed to boosting data usage.

Moreover, these firms are expecting to carry on this profit even post-coronavirus, as the health crisis had turned mobile data into a primary need for many people. The usage of broadband internet and interactive television services has surged and this has reduced the data speed in some areas.

As per telecom regulator TRAI, India had a total of 688 million broadband subscribers out of which just 22.26 million were fixed broadband subscribers.

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Scope and Benefits of Optical Fiber Cable

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Fiber Optic Cable Market has shown rapid growth since the Coronavirus (COVID-19) pandemic outbreak. Fiber optic cables which have much greater bandwidth than metal cables offer low power loss when compared to copper cables. Due to their immunity towards electromagnetic interference, it can work smoothly in any electrically noisy environments.

A recent market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the Global India Optical Fiber and Accessories Market. There is a crucial demand for updated technologies which are likely to boost the growth of this industry.

As per the analysis provided in the report, the global Optical Fiber Cable market is expected to rise at a steep rate between 2019 and 2026. The pandemic has immediately interrupted the requirement and supply of the Fiber cables owing to the greater demand for data usages. Telecom firms are competing with each other to expand their range for which they require a surplus amount of OFC cables.