India to register 500% growth for broadband services within 5 years
With rapid growth in the last 10 years broadband has claimed the crown as the fastest adopted technology ever. More people have subscribed in a shorter time than bought mobile phones, computers, TVs, the Walkman or any of the other revolutionary advances and devices since fire first debuted. Now Point Topic projects broadband will grow by another 67% over the next five years to pass 680 million lines worldwide by the end of 2013.
Countries like South Korea, Japan or Denmark are close to saturation and most people who want broadband have it already.Even in less saturated countries like the US, broadband subscriptions will grow by only about 50% over the next 5 years.
This saturation in developed countries, coupled with the world entering a period of lower economic growth, even recession in some markets, will slow the worldwide march of broadband in the coming years to an expected 8% per year compound up to 2013.
But there are some countries where the expansion will continue to be spectacular. Fourteen of them will more than double their broadband base by 2013. As the table below shows they are mostly in the developing world and emerging economies.
India has traditionally been known for its cellular service potential. But the cellular services will soon have to share focus with broadband services as well since the country is all set to register the highest growth in broadband subscriber base by 2013.
India is estimated to move from its current position at number 18 in the world for broadband market and jump to attain the number 6 rank. This will be achieved at a mind-boggling growth rate of 489%. This is the highest growth rate expected from any market and is almost the double from the second highest growth market i.e. Vietnam (276%).
Broadband services as a whole will grow by 67 percent over the next five years to reach landmark 680 million connections worldwide. This is a significant surge as compared to yearly growth rate of 28% registered for broadband services from 2004 to 2008.Top performers - growth in broadband lines 2008-2013The BRIC countries Brazil, Russia, India, China which have been the engine of recent economic growth dominate this list as well, with India well out in front. With its burgeoning economy and huge population India will zoom up the rankings of the largest broadband countries in the world. Currently at number 18 in the charts it will hit number 6 by the end of 2013, predicts Johnson.
Central and South America will see the most high-growth countries. Brazil will shortly enter the top 10 broadband countries in the world, most likely before the end of 2008, and again with a decent economic base and a large population hungry for bandwidth it will outperform most other countries in the next 5 years,” Johnson adds.
Broadband growth in China will not be quite so extravagant in percentage terms. Now the largest broadband country in the world it will continue to outperform its nearest rivals, the US, Japan and Germany and will extend its lead at the top of the table.
Adding in estimates for the rest of the world, the total number of broadband lines, serving both homes and businesses, will grow from 382 million at mid-2008 and a forecast 410 million at the end of the year to over 680 million by the end of 2013.