IBISWorld has released a new research report on the fibre optic cable installation market in Australia. The report forecasts the industry to grow at an annualized rate of 71.8% in the five years through 2012-13. The revenue for 2012-13 is expected to increase by 236.7% annually to $1.78 billion.
The report is a comprehensive guide to the growth prospects and the market size for fibre optic cable installation in Australia. The industry is growing at a rapid rate. In the five years through 2012-13, the Australian telecommunication sector has laid emphasis on fibre optic cables.
The Australian Federal Government had established the National Broadband Network (NBN) Co in 2009 for building a new national telecommunication network. This also sells network space to retail communications companies. In 2009, it had collaborated with operators of Hybrid Fibre Coaxial (HFC) networks. Over the next three years it had entered into agreements to replace those networks.
This has led to increased demand for industry services, such as installation, engineering, repair and maintenance activities in the fibre optic cable market. This has led to the growth of enterprises and has created jobs. This growth is expected to continue in the five years through 2017-18. The NBN is presently active in approximately 430 locations and will be adding 720 more sites.
Major construction companies are competing to perform the services related to engineering, installation and maintenance of the new networks. The scope of the project has been favoring big players due to the large investments required.
The report covers the industry performance, current performance, major markets and provides the key external drivers, industry life cycle, and the competitive landscape in the Australian fibre optic cable installation market.
Source: http://www.ibisworld.com.au/
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