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Money > Business Headlines > Report May 29, 2001 |
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Dial-up Net accounts to grow by 75 per cent CAGR by 2005NetScribes/TM Arun Kumar India is expected to witness the fastest growth in dial-up Internet accounts over the next five years in the whole of Asia, according to a study by Pyramid Research. The number of dial-up Internet accounts in India is set to increase by a compounded annual growth rate of 75.7 per cent between 2000 and 2005 to touch a whopping 34.5 million accounts from a paltry 2.05 million accounts during 2000. The 75.7 per cent CAGR projected by the study for India is more than double the 33.8 per cent CAGR projected for dial-up Internet accounts for the whole of Asia during the period 2000-05. The Asian dial-up Internet account market is projected to grow from 47.84 million in 2000 to 205.14 million in 2005. The dial-up Internet market, according to the study, will pick up steam only from 2002 onwards. While the market is slated to touch 3.91 million accounts by 2001, it will grow by 4-5 million accounts each year for the next two years - it is projected to grow up to 7.04 million by 2002 and further to 12.32 million by 2003. According to the study, India will have the second largest dial-up Internet access market after china by 2003, up from the fifth largest during 2000 and behind Hong Kong, Korea, and Taiwan. Thereafter, the study predicts, the market will gain further momentum and grow by more than 10 million each for the next two years. The number of dial-up Internet accounts in the country is slated to reach 21.56 million by 2004 and 34.5 million by 2005. However, the study says that India will continue to lag way behind China with the latter having more than three times the number of dial-up Internet accounts than India with an account base of 115.95 million by 2005. In fact, by the end of 2000, China had nine times the number of Indian dial-up accounts at 18.72 million. |