Global Fiber to the Premises Market growing at a CAGR of 14.2% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The fiber to the premises market is poised for strong expansion and is expected to reach USD 47,288.67 million by 2030. The market was sized at USD 16,582.27 million in 2022 and is projected to grow at a compound annual growth rate of 14.2% during the period 2023-2030.
The report highlights the increasing adoption of fiber to the premises owing to the ability to offer improved bandwidth and low latency for viewing high-definition (HD) and 4K/8K video content. Consegic Business Intelligence provides an inclusive research report on the fiber to the premises market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Fiber to the Premises Market By Overview
Consegic Business Intelligence provided an inclusive research report on the fiber to the premises market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Small-medium enterprises are anticipated to witness the fastest CAGR in the fiber to the premises market during the forecast period. The growth is attributed to the increasing adoption of cloud services and e-commerce solutions by small-medium enterprises that require fast and reliable internet connectivity. Fiber to the premises offers a high-speed broadband infrastructure for the efficient functioning of various operations in SMEs, hence contributing significantly in propelling the market growth.
Get Free SampleMarket Dynamics
Driver:
- Increasing investment by government and telecom operators to promote digital connectivity is driving the growth of fiber to the premises market.
- Growing adoption of streaming services is propelling the growth of Fiber to the Premises (FTTP) market.
- The ability of FTTP to enable efficient functioning of bandwidth-intensive applications, including video streaming and cloud services is accelerating the market growth.
Restraints:
- High deployment cost of Fiber to the Premises (FTTP) is restraining the market growth.
- Increasing reliance of FTTP networks on power supply to maintain connectivity is impeding market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Broadband Passive Optical Network (BPON), Gigabit Passive Optical Network (GPON), and Ethernet Passive Optical Network (EPON) |
| By Enterprise Size | Small-medium enterprises and Large enterprises |
| By End-User | Residential, Commercial, Transportation, IT and Telecommunication, Government, and Aerospace and Defense |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The landscape for Fiber to the Premises Market is highly competitive with major players including Huawei Technologies Co., Ltd., Nokia Corporation, ZTE Corporation, and Conexon LLC that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the fiber to the premises market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Huawei Technologies Co., Ltd.
- Calix, Inc.
- Adtran, Inc.
- Nokia Corporation
- ZTE Corporation
- Fiberhome India Pvt Ltd
- BizNet
- Netuno
- ER-Telecom
- Optimum (Altice USA)
