Increased population demands for better facilities and internet is the reason responsible for the Dark Fibre Network has an ever-increasing demand in the world.
At a compound annual growth rate of 9.27 f%, the size of the worldwide Dark Fibre Network market is projected to reach USD 10.18 Billion in 2028.
Covid-19 Impact & Market Status
Because of the impact of Covid-19, the Dark Fibre Network market size has experienced a significant increase in terms of growth. This is due to travel restrictions, aircraft bans, and quarantines, which resulted in the temporary cessation of all offline operations and offices. These reasons hampered the offline market and the need for the adoption of digital practices increased immensely. Companies are adopting Dark Fibre networks to enjoy better networks. However, use in construction space lowered because construction practices were put to a halt in many places.
Single Mode Fibre to Remain Atop
By type, the Dark Fibre Network market is divided into single-mode and multimode fiber. It was led by the single-mode segment in 2021 and is projected to maintain its dominance during the forecast period. This is because the single-mode fibre is better in the case of single fibre as compared with the multimode, it helps in lower signal loss. The increased need for higher bandwidth and improved internet speed is responsible for the growth in the single-mode fiber space.
Long Haul to Ensure Highest Sales
The long-haul segment is expected to have a high CAGR. Internet connectivity is a growth factor for the expansion of dark fiber networks. There is a huge need of carrying large loads of data with security and reliability, long haul network finds their application in the military and aerospace industry. These maintain signal strength without the use of repeaters.
ISP and Telecom industry to have Highest CAGR
The ISP and telecom industry has dominated the market in 2021 and it is because the fact that there is a large demands for 5G networks. This segment's growth is also fueled by the rising need for a high-speed, large-bandwidth, dependable, and secure network.
The North American Region Will Provide Numerous Investment Opportunities
North America is the greatest contributor to the worldwide Dark Fibre Network Market's expansion. The key factors such as huge market size and a large number of players in the region are responsible for the growth in this region. However, the Asia Pacific region is expected to incur huge demand because of the high population and the growing need for an improved network.
The growth in the need for Dark Fibre networks is primarily because of the growing need for better and faster networks.
One of the primary reasons driving the growth of this market is the introduction of technologies such as the 5G network in the IT and telecom industries. The increased need for dark fiber is due to the growing demand for cloud-based networking, gaming, video streaming, and other services.
A Dark Fibre Network is an unutilized form of the optical fiber network. It is also known as unlit fiber or black fiber. It is referred to be black since no light pulses are passed through it. Dark fiber can be made in a variety of methods. It offers scalability, decreased network latency, improved security, and dependability. These variables jointly affect the worldwide Dark Fibre Network market, resulting in a 10.3 billion market size by 2029.
Growing awareness about the advantages of dark fiber and rampant technological milestones to support seamless internet connectivity across organizations continue to support dark fiber network growth.
Corporates globally are fast adopting dark fiber network infrastructure to eliminate the hurdles of security breaches, latency, and sluggish performance. Increased digitization is another factor that is driving market growth.
However, budget constraints and limitations on IT spending on advanced technology are some of the reasons that are hampering market growth. In developing nations, lack of awareness is the reason companies are still following traditional methods of executing processes. Nevertheless, Dark Fibre Network Market has growth prospects, as companies are becoming more and more complex and will need the application of this software to make the processes more efficient.
The major players in this market are Colt Technology Services Group Limited (UK), AT&T Intellectual Property (US), Comcast Corporation (US), GTT Communications, Inc. (US), Consolidated Communications (US), CenturyLink, Inc. (the US), Verizon Communications, Inc. (the US), Windstream Communications (US), NTT Communications Corporation (Japan), and Zayo Group, LLC (US). By applying technology, the R&D teams of the companies must try to increase the efficiencies of this software to ensure that the organizations get full control over their data, reducing costs and increasing the effectiveness of any process at their companies.
Recent Developments in the Global Dark Fibre Network Market:
- Colt Technology Services signed a 25-year agreement with Getlink in 2021 to install the Colt IQ Network via the Getlink's Channel Tunnel, which will allow data transfer in Tbps per fiber.
Dark Fibre Network Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 10.3 billion.|
|Segment Covered||Type, Network type, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Colt Technology Services Group Limited (UK), AT&T Intellectual Property (US), Comcast Corporation (US), GTT Communications, Inc. (US), Consolidated Communications (US), CenturyLink, Inc. (the US), Verizon Communications, Inc. (the US), Windstream Communications (US).|
Key Segments of the Dark Fibre Network Market
Type Overview, 2022-2029 (USD Billion)
- Single Mode Fibre
- Multimode Fibre
Network Type Overview, 2022-2029 (USD Billion)
- Long Haul
End User Overview, 2022-2029 (USD Billion)
- Internet Service Providers and Telecommunications Industry
- Military & Aerospace
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa