PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449277
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449277
The global dark fiber network market size is expected to reach USD 16.87 billion by 2032, according to a new study by Polaris Market Research. The report "Dark Fiber Network Market Share, Size, Trends, Industry Analysis Report, By Fiber Type (Single mode, Multi-mode); By Network Type; By Material; By End-User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
As data-intensive applications continue to proliferate and as reliance on cloud services increases, opportunities are being presented to dark fiber network operators. The need for dark fiber to create high-speed connections is significantly increasing as data center operators build out their networks.
Further, the development of smart cities, which prioritize the incorporation of IoT devices and networked infrastructure, offers the dark fiber network market a very profitable prospect. Dark fiber is well-positioned to function as the fundamental framework needed to provide high-bandwidth, low-latency connectivity for a range of smart city applications. Thus, with the development of remote work and digital transformation, enterprises are looking for dependable and fast connectivity to support their operations.
Moreover, the technology has surfaced as a sustainable solution for numerous organizations prioritizing improved communication and network management. The persistent growth in internet service penetration has created a surge in the demand for internet bandwidth. This escalating demand is anticipated to persist throughout the forecast period, emerging as a pivotal factor driving global market growth.
Companies heavily dependent on internet connectivity strongly contribute to supporting the market. Such networks prove highly advantageous for organizations with substantial data flow, offering benefits like reduced network latency, scalability, reliability, and heightened security.
However, the commencement of dark fiber network deployment encompasses substantial initial costs associated with laying the fiber infrastructure. This financial aspect can serve as a deterrent for certain organizations, particularly smaller ones constrained by budget limitations.
Also, dark fiber networks encounter competition from alternative connectivity solutions, including leased lines and managed network services. Organizations may opt for these alternatives based on considerations such as cost-effectiveness and the ease of implementation, posing a challenge to the widespread adoption of dark fiber.
In 2023, the single mode segment is expected to witness highest growth during forecast period owing to increasing demand for high-bandwidth connection
Metro segment is expected to dominate the dark fiber network market during forecast period. This is attributed to increasing demand for high-speed and reliable connectivity within metropolitan areas
Plastic segment is expected to witness highest growth during forecast period. Owing to flexibility, durability, and cost-effectiveness
Telecom segment is expected to dominate the dark fiber network market during forecast period
In 2023, North America accounted for the largest revenue share due to presence of major players, increasing use of cloud services, and the impending launch of 5G networks.
The market is highly competitive owing to the existence of market players with a global presence, including AFL Telecommunications LLC, AT&T Inc, CenturyLink, Inc., Colt Technology Services Group Limited, Comcast Corporation, Verizon Communications Inc., among others.
Polaris Market Research has segmented the dark fiber network market report based on fiber type, network type, material, end-users, and region: