Dark Fiber Market to Touch USD 11.9 Billion at 9.49% CAGR by 2030 | MRFR Report

Market Analysis

The global dark fiber market share will touch USD 11.9 billion at a 9.49% CAGR by 2030, as per the recent Market Research Future report. The demand for dark fiber continues to grow as data-intensive technologies and applications become increasingly prevalent in today’s digital landscape. This enables them to establish high-speed, custom-designed communication networks without the need for significant new infrastructure investment.

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Key Players

Eminent industry players profiled in the global dark fiber market report include

• GTT Communications, Inc.
• Landmark Dividend LLC.
• Unite Private Networks
• Consolidated Communications
• Crown Castle
• NexGen Networks
• Sorrento Networks
• FirstLight
• Windstream Intellectual Property Services, LLC.

Drivers

Digital Transformation Initiatives to Boost Market Growth

The digital transformation projects being pursued by numerous businesses across all industries are driving the need for dark fiber networks. As they digitize their operations, adopt IoT devices, implement cloud-based solutions, and benefit from emerging technologies, organizations require a dependable and secure connection. The capacity & adaptability needed to support these objectives for digital transformation are provided by dark fiber networks.

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Opportunities

Manifold Benefits for Internet Service Providers to offer Robust Opportunities

Internet service providers (ISPs) have the chance to connect to underserved areas, expand their customer base, and augment the quality of services thanks to dark fiber networks. By renting or purchasing dark fiber, ISPs may broaden the coverage of their networks and offer high-speed internet access to a bigger clientele. To support the growing data traffic & low-latency demands of 5G networks, a robust and dense fiber optic infrastructure is required. Network operators and telecommunications businesses have a great chance to upgrade their infrastructure to meet the rising needs of 5G.

Restraints and Challenges

High Cost of Cables to act as Market Restraint

The high cost of cables, dearth of trained experts, need for frequent upgrades, and lack of awareness may act as market restraints over the forecast period.

Market Segmentation

The global dark fiber market is bifurcated based on application, network type, and fiber type.

By fiber type, multi-mode will lead the market over the forecast period.

By application, telecom will domineer the market over the forecast period.

By network type, long-haul will spearhead the market over the forecast period.

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COVID-19 Analysis

The pandemic increased demand for internet connectivity because of an increase in online activities, remote work, and distant learning. Strong networks with black fiber infrastructure were necessary due to the growing bandwidth demands. The pandemic also accelerated efforts across the board to transition to digital enterprises, leading to increased expenditure on cloud computing, digital infrastructure, and data centers. Dark fiber networks, which provide scalable and quick connections, saw a spike in demand as a result of this. The need for secure & dependable network connections, which was partly driven by the expansion of healthcare services and a rising dependence on online communication tools, was answered by dark fiber networks.

Regional Analysis

North America to Spearhead Dark Fiber Market

North America has led this market in recent years due to strong growth, and it is predicted that it will continue to do so throughout the projected period with an 8.67% CAGR. Additionally, during the course of the forecast period, the growth of IoT, the use of automation across the end-user industries, growing investments in smart city projects, and increased usage of social networking platforms will all support the rise of the dark fiber market in North America. Additionally, the updated telecommunications infrastructure with improved security measures & the US government’s sizeable investment in security infrastructure are supporting market growth in this area during the course of the forecast period.

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