Rising Demand for 5G Network Fuel Dark Fiber Networks Market Growth
Swelling 5G network deployment in telecommunications industry, especially ISPs, as well as With over 150 commercially available 5G devices, adoption of 5G technology is gaining footing in both the network and device domains. According to Ookla, LLC (US), the number of 5G deployments, and 5G operators worldwide in 2020 was 18,731 and 157 respectively. Similarly, according to Telefonaktiebolaget LM Ericsson, there were 190 million 5G subscriptions by the end of 2020, that is expected to increase to 2.8 billion by 2025.
Growing bandwidth requirement of portable device users and cable operators' mandated conversion to HD video quality are major push for dark fiber networks market expansion over the forecast period. Rapid expansion of long-haul fiber is also driving the progress of dark fiber networks market. Long-haul terrestrial networks are commonly used in submarine cables across long oceanic distances, drawing investment from a number of businesses. In October 2021, three new long-haul dark fiber links from Denver to Salt Lake City, Atlanta to Dallas, and Eugene to Reedsport have been completed by Zayo Group Holdings Inc.
To maintain their key positioning in dark fiber networks market, prominent players are employing various strategies such as service expansion, new product launches, collaborations, partnerships, and mergers. For instance, in June 2020, Cityfiber began construction on their existing dark fiber network of a new 1Gbps capable fiber-to-the-home (FTTH) worth USD 50 Million to support their existing expansion plans. Similarly, in May 2020, Nextgenaccess, a UK provider of custom and wholesale full fiber network infrastructure, and Next Generation Data (NGD) completed a joint Dark Fiber Network Initiative, connecting Bradley Stoke in Bristol to NGD's hyper-scale data center facility.
Proliferating Cloud-based Applications to Augment the Internet Service Providers (ISPs) and Telecommunication Industry Category
The Internet Service Providers (ISPs) and Telecommunication Industry segment is expected to retain its dominance in dark fiber networks market in terms of market size. It is expected to present promising growth prospects as 5G technology is increasingly used in communication and data transmission services. Dark Fiber allows for high-speed data transfer in both short- and long-distance communications. Furthermore, the proliferation of cloud-based applications, audio-video services, and video-on-demand (VoD) services raises demand. However, because of the increasing adoption of optic technology devices, the medical, military, and aerospace application segments are expected to grow significantly. Stringent regulations and standards imposed by regulatory authorities, and medical associations are further fuelling the growth of dark fiber networks market in the medical sector.
Technological Advancements, and Presence of Prominent Players in North America to Drive Growth of Dark Fiber Networks Market
North America is expected to have the largest market share during the forecast period owing to the early adoption of technological advancements, and prominent players in the region. The region is expected to dominate the market due to increased demand for fiber networks in the ISP and telecommunications business, BFSI industry, IT-enabled services, and military and aerospace industries. The presence of dark fiber network providers such as AT&T Intellectual Property, and GTT Communications, Inc. is also worth highlighting. Governments in developed countries, such as the US, are heavily investing in national security infrastructure. Rapidly developing economies seeking to strengthen their global position are becoming more aware. This will eventually necessitate funding for technologies, primarily across fiber networks, that will improve the telecommunications sector's infrastructure with improved security measures.
For instance, in September 2020, CenturyLink agreed to operate and maintain the dark fiber under a contract with the Defence Information Systems Agency. The company acquired Level 3 Communications, an American multinational telecommunications company, and an Internet service provider company in order to provide a more secure and reliable fiber-rich network. In addition, in January 2020, Zayo Group completed the implementation of a dark fiber private network around Denver Public Schools (DPS). On the other hand, Asia Pacific is expected to grow significantly as a result of the expansion of emerging economies such as India, Japan, and China. These countries are experiencing rapid development in IT infrastructure, which is expected to result in the deployment of dark fiber networks, boosting the performance of dark fiber networks market.
Global Dark Fiber Networks Market: Competitive Landscape
In 2021, Colt Technology Services signed a 25-year agreement with getting the link to install the Colt IQ Network using Getlink's Channel Tunnel, which will allow data transfer at a rate of Tbps per fiber. On the other hand, in December 2020, CenturyLink, Inc. introduced Lumen edge compute to combine the company's extensive global fiber network, on-demand networking, and integrated security.
A few of the players in global dark fiber networks market include AT&T Intellectual Property (US), Colt Technology Services Group Limited (UK), NTT Communications Corporation (Japan), Verizon Communications, Inc. (US), Comcast Corporation (US), Consolidated Communications (US), GTT Communications, Inc. (the US), CenturyLink, Inc. (the US), Windstream Communications (US), and Zayo Group, LLC (US).
Global Dark Fiber Networks Market is Segmented as Below:
By Network Type
By End User
Key Elements Included In The Study: Global Dark Fiber Networks Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.Read more