Dublin, Nov. 03, 2023 (GLOBE NEWSWIRE) -- The "Fiber to the Home (FTTH) Industry Outlook 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global Fiber To The Home (FTTH) market is poised for substantial growth, with projections indicating it will reach a market value of USD 110.44 billion by the year 2030. This growth is expected to be fueled by a robust compound annual growth rate (CAGR) of 11.6% from 2023 to 2030.
The driving force behind this expansion is the escalating demand for high-speed internet connectivity, driven by factors such as the reliance on data-intensive applications like streaming and remote work. To meet these expectations for seamless, fast, and reliable connections, network providers are extending their FTTH infrastructure. Moreover, the integration of smart home technologies and the Internet of Things (IoT) is further emphasizing the need for robust and uninterrupted connectivity, solidifying FTTH's role as a cornerstone of interconnected living.
Government initiatives and regulations advocating for widespread broadband availability are playing a crucial role in expediting the deployment of FTTH, particularly in underserved areas. The strategic synergy between FTTH and emerging technologies like 5G, cloud computing, and AI underscores its significance in modern digital landscapes. As the FTTH market embraces these trends, it continues to redefine how societies interact with technology, enabling transformative experiences and reinforcing its role as an essential pillar of the digital age.
Innovations in optical fiber technology, networking equipment, and data transmission protocols are reshaping the landscape of high-speed internet connectivity. These advancements enable higher data transfer rates, lower latency, and improved reliability, which collectively enhance the overall user experience. Additionally, the development of more efficient installation methods, such as micro trenching and aerial deployments, is streamlining the deployment process and minimizing disruptions to communities.
The COVID-19 pandemic has had a significant impact on the FTTH market. As the pandemic accelerated the shift toward remote work, online education, telehealth, and digital entertainment, the demand for high-speed and reliable internet connections surged. This spotlight on the importance of robust connectivity has underscored the value of FTTH solutions. Telecommunication providers and governments alike have recognized the need to invest in FTTH infrastructure to support the new normal. In addition, the pandemic has emphasized the necessity of bridging the digital divide, urging increased efforts to provide underserved communities with access to fast internet through FTTH networks.
Key Highlights of the Fiber To The Home (FTTH) Market
- Ultra-High-Speed Domination: In 2022, the market was dominated by the more than 1 Gbps segment, accounting for over 42% of the market share. The surging demand for data-intensive applications and emerging technologies is driving the adoption of ultra-high-speed FTTH connections exceeding 1 Gbps.
- Telecom Operators Take the Lead: In 2022, the telecom operators segment emerged as a dominant force, capturing more than 32% of the market's revenue share. Telecom operators are expanding FTTH networks to cater to the soaring demand for high-speed internet and capitalize on the convergence of services.
- VoIP Integration: The VoIP segment led the market in 2022, with a share exceeding 24%. The integration of Voice over Internet Protocol (VoIP) services with FTTH networks is driven by the need for cost-effective and high-quality voice communication in the digital age.
- Asia Pacific Dominance: In terms of regional performance, the Asia Pacific region emerged as the leader in 2022, commanding a revenue share of over 28%. This dominance can be attributed to the region's expanding economic growth, urbanization, and government initiatives aimed at bridging digital divides.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 115 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $47.04 Billion |
| Forecasted Market Value (USD) by 2030 | $110.44 Billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
Companies Profiled
- AT&T, Inc.
- Ziply Fiber
- Etisalat
- Verizon Communications Inc
- Optimum
- Singtel
- Softbank Group Corp.
- Century Link
- Frontier Communications Parent, Inc.
- Windstream Intellectual Property Services, LLC.
For more information about this report visit https://www.researchandmarkets.com/r/6zqg5d
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