PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320143
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1320143
Dark Fiber Network Market size was valued at USD 5,490.2 Million in 2022, expanding at a CAGR of 12.75% from 2023 to 2030.
The term "dark fiber network" refers to underused or unlit optical fiber cables placed underground or across telecommunication channels. These fibers can transfer data yet are not actively utilized by any service provider. Instead, they are rented or sold to businesses or organizations for private usage. Dark fiber networks provide low latency and high bandwidth, enabling enterprises to have more control and customization over their network infrastructure.
The expansion of 5G networks is increasing the demand for dark fiber connections. To handle the low latency and higher data capacity demands of 5G, an enormous infrastructure of fiber optic connections is required. Dark fiber connections offer the critical backbone for 5G rollout, allowing service providers to satisfy high-speed and dependable connectivity needs. This spike in 5G adoption has resulted in a similar increase in the market for dark fiber networks. According to Ericsson, the rollout of 5G grows, with about 240 networks launched globally. Global 5G population access reached over 35% at the end of 2022 and is expected to reach approximately 85% by 2028.
The Global Dark Fiber Network Market is segmented on the basis of Fiber Type, Network Type, Application, and Region.
The market is divided into three categories based on fiber type: single-mode and multi-mode. The multi-mode sector dominates the market. This type is most appropriate for short-distance transmission. It is mostly utilized in LAN systems and video surveillance. In contrast, single-mode fiber is most appropriate for higher transmission lengths. It is mostly employed in multi-channel broadcasting systems and long-distance telephone communication.
The market is divided into two categories based on application: telecom, military & aerospace, oil & gas, medical, railway, BFSI, and others. The telecom sector dominates the market and is likely to maintain its dominance during the forecast period. The telecom segment is expected to develop significantly as 5G technology is increasingly used in communication and data transfer services.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to hold a significant market share due to rising internet use and awareness, a high level of disposable income in the region, increasing IT and telecom sector, expanding cloud-based applications, and increasing reliance on IoT devices.
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, in 2023, EdgeCore Digital Infrastructure, a data center developer, operator, and owner announced a partnership with Bandwidth Infrastructure Group, one of the most rapidly expanding pure-play dark fiber vendors, to link EdgeCore's Silicon Valley campus of data center in Santa Clara to Bandwidth IG's San Francisco Bay Area system at up to five different points. The creation of new and distinct fiber routes and conduits gives EdgeCore's clients a varied range of connection choices and can reduce the requirement to cross current networks.
In May 2023, Zayo Group Holdings, Inc., a major worldwide communications infrastructure company, announced a strategic alliance with Fermaca Networks, Mexico's largest supplier of long-haul dark fiber connectivity. The collaboration will deliver the most contemporary and diversified connectivity between the U.S. and Mexico..
The scope of this report covers the market by its major segments, which include as follows: