by The global dark fiber networks market is experiencing robust growth, fueled by the increasing demand for 5G networks and the growing bandwidth requirements of portable device users. As the telecommunications industry, especially Internet Service Providers (ISPs), continues to deploy 5G technology, the adoption of 5G is gaining momentum, with over 150 commercially available 5G devices and a projected increase in 5G subscriptions to 2.8 billion by 2025, according to Telefonaktiebolaget LM Ericsson.
According to Ookla, LLC, there were 18,731 5G deployments and 157 5G operators worldwide in 2020. This surge in 5G technology adoption is a significant driver for the dark fiber networks market. Dark fiber networks, known for their high-speed data transfer capabilities in both short- and long-distance communications, are essential to meet the growing demand for seamless connectivity.
Key Factors Driving Dark Fiber Networks Market Growth:
- 5G Network Expansion: The deployment of 5G networks, with its rapid proliferation of devices and subscriptions, is a primary driver for the dark fiber networks market.
- Bandwidth Demand: The increasing need for high bandwidth by portable device users and the mandatory shift to HD video quality by cable operators are major factors contributing to market expansion.
- Long-Haul Fiber Expansion: The rapid expansion of long-haul fiber networks, particularly in submarine cables across long oceanic distances, is driving the growth of dark fiber networks.
Market Players Strategies:
To maintain their leading positions in the dark fiber networks market, key players are employing various strategies such as service expansion, new product launches, collaborations, partnerships, and mergers. For instance, Cityfiber initiated construction on a new 1Gbps capable fiber-to-the-home (FTTH) network worth USD 50 Million to support expansion plans. Similarly, Nextgenaccess and Next Generation Data (NGD) completed a joint Dark Fiber Network Initiative, connecting Bradley Stoke in Bristol to NGDs hyper-scale data center facility.
Proliferating Cloud-based Applications to Augment ISPs and Telecommunication Industry:
The Internet Service Providers (ISPs) and Telecommunication Industry segment is expected to retain its dominance in the dark fiber networks market in terms of market size. The proliferation of cloud-based applications, audio-video services, and video-on-demand (VoD) services is driving demand in this segment. Additionally, the medical, military, and aerospace application segments are expected to grow significantly due to the increasing adoption of optical technology devices.
North America Leads in Dark Fiber Networks Market:
North America is expected to dominate the market during the forecast period, owing to early adoption of technological advancements and the presence of prominent players in the region. The regions demand for fiber networks in various industries, including BFSI, IT-enabled services, and military and aerospace, is on the rise. Investments in national security infrastructure and improved telecommunications infrastructure are further propelling growth. For example, CenturyLink acquired Level 3 Communications to enhance its secure and reliable fiber-rich network.
Asia Pacific Emerging as a Key Player:
Asia Pacific is poised for significant growth in the dark fiber networks market, driven by the expansion of emerging economies like India, Japan, and China. These countries are experiencing rapid development in IT infrastructure, leading to increased deployment of dark fiber networks.
Competitive Landscape:
Leading players in the global dark fiber networks market include AT&T Intellectual Property, Colt Technology Services Group Limited, NTT Communications Corporation, Verizon Communications, Inc., Comcast Corporation, Consolidated Communications, GTT Communications, Inc., CenturyLink, Inc., Windstream Communications, and Zayo Group, LLC.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/dark-fiber-networks-market
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This press release first seen on Brilad
COMTEX_441950157/2840/2023-10-15T23:42:07
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.