Multiplay service revenue in India to grow at 4.5% CAGR

Thursday, May 23rd, 2024 
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Multiplay service revenue in India to grow at 4.5% CAGR over 2023-2028, forecasts GlobalData

Multiplay service revenue in India is expected to grow at a compound annual growth rate (CAGR) of 4.5% between 2023 and 2028, in line with the rising adoption of multiplay service bundles among households on the back of improving fixed network infrastructure in the country, according to GlobalData, a leading data and analytics company.

India: Total Multiplay Households by category - 2023-2028.png

GlobalData’s India Multiplay Forecast (Q1 2024) reveals that doubleplay service bundles accounted for 80.9% share of the total multiplay households in 2023, followed by tripleplay with 10.2% and quadplay bundles with 8.9% share. Doubleplay bundles will continue to be the most popular multiplay service category in India over the forecast period, with all major operators such as Airtel, Jio and BSNL promoting unlimited telephony service along with their fiber broadband plans.

Pradeepthi Kantipudi, Telecom Analyst at GlobalData, says: “The ongoing investments in the fiber-optic network expansion have been improving access to high quality broadband services for more customers in India, and supporting telecom service providers to develop and promote multiplay bundles. The operators in India have also been offering discounts and integrating value-added services, including access to OTT applications with their multiplay bundles to add more subscribers to their services and earn their loyalty.

“Reliance Jio was the market leader in terms of number of multiplay households in 2023, followed by Bharti Airtel. All the major service providers in India have been promoting complementary access to OTT applications to promote the adoption of multiplay bundles. Jio, for instance, is offering JioFiber postpaid plan of around INR599 ($7)/month for one year at 30Mbps speed with access to 800+ TV channels and OTT subscriptions such as DisneyHotstar, SonyLIV, Zee5, ALTBalaji, Eros Now and JioCinema among others.”

Links: GlobalData