Dark Fiber Market Overview
The global Dark Fiber market size is projected to reach approximately USD 14 Billion by 2030, at a CAGR of 16% from 2020 to 2030. Dark Fiber is a term used to describe fiber optic cables that are installed but are not currently running data through them. It is essentially a way to get cheap fiber optic Internet access.
COVID-19 Impact Analysis
COVID-19 had positively impacted the Dark Fiber market. The outbreak of covid from china’s Wuhan slowly spread across the world affecting the global supply chain. To continue business operations during a pandemic, various industries adopted work-from-home policies increasing the demand for cloud-based solutions. Furthermore, the demand for an online platform and OTT platform also boomed due to the large crowd locked in homes. To tackle the demand, network service providers and telecom companies adopted dark fiber to expand connectivity.
Dark Fiber Market Dynamics
The dark fiber market is growing rapidly due to the increasing demand for high-speed connectivity. This demand is being driven by the need for faster internet speeds, as well as the need for more reliable and secure communications. The growth of the dark fiber market is also being fueled by the increasing investment in fiber-optic infrastructure. The government in developing nations are working on smart city projects and other welfare projects with the help of digital transformation and are increasing the demand for the same.
Drivers:
- Increase in demand for internet bandwidth, 5G networks, and cloud-based offerings
The demand for internet bandwidth is increasing at a rapid pace, and as a result, the dark fiber market is growing as well. Dark fiber is a term used for unused or underutilized optical fiber that can be used to provide high-speed internet connectivity. With more and more people usaing internet services, the demand for internet bandwidth is increasing. Another reason is the increasing use of internet-connected devices. With the proliferation of smartphones, tablets, and other internet-connected devices, more and more people are using the internet for a variety of tasks. Furthermore, there is an increase in demand for 5G networks and cloud-based offerings. 5G networks require high-speed and low-latency connections, which can only be provided by dark fiber. Cloud-based offerings also require high-speed and low-latency connections, which dark fiber can provide. The increasing demand for 5G networks and cloud-based offerings is driving the growth of the dark fiber market.
Restraint:
- High risk of installation
The installation of dark fiber has a high degree of risk. There is a chance of excessive waste and expenditure if the judgment is not proper in deciding the number of fiber to install and if it is not properly executed.
Opportunity:
- The rise in the need for heavy data handling
The dark fiber market is expected to grow during the forecast period. This growth is primarily due to the increasing need for heavy data handling in the manufacturing and logistics sectors. With the increasing adoption of Industry 4.0, there is a growing need for data-intensive applications such as 3D printing, virtual reality, and augmented reality. These applications require large amounts of data to be processed in real time, which is driving the demand for high-speed data transmission. Dark fiber provides the perfect solution for this need, as it offers high bandwidth and low latency.
There is a growing need for heavy data handling in the manufacturing and logistics sectors, and the dark fiber market provides opportunities for companies to meet this demand. The manufacturing sector is increasingly relying on data to drive decision-making and optimize operations. For example, factories are using sensors and other connected devices to collect data on production line conditions to identify issues and improve efficiency. In the logistics sector, companies are using data to track shipments, optimize routes, and manage inventories.
Challenges:
- Lack of proper monitoring systems
One of the main challenges facing the dark fiber market is the lack of proper monitoring systems. This makes it difficult to track fiber usage and optimize utilization. Additionally, dark fiber can be difficult to troubleshoot and manage due to its complex infrastructure. The challenge when integrating a fiber segment to the base platform is to do so in the most efficient way possible, which means taking into account that a large amount of sensitive data will be passed through it. This integration has certain technical and operational implications that could become a headache for the computer scientists in charge if not done correctly. As a result, service providers often struggle to deliver high-quality services to their customers.
Dark Fiber Market Segment Overview
By Type
Based on Type, the global Dark Fiber market has been segmented based on Single Mode Fiber, and Multimode Fiber (Step-index Multimode Fiber, and Graded-index Multimode Fiber). The Single Mode Fiber segment is the fastest growing in the global Dark Fiber market.
By Network Type
Based on Network Type, the global Dark Fiber market has been segmented based on Metro and Long Haul. The Long Haul segment is expected to be the fastest-growing in the global Dark Fiber market.
By Material
Based on the material, the global Dark Fiber market has been segmented based on Glass, and Plastic. The plastic segment is expected to be the largest in the global Dark Fiber market.
By End-User
Based on the end-user, the global Dark Fiber market has been segmented based on Internet Service Providers (ISPs) and Telecommunication Industry, BFSI Industry, IT Enabled Services, Military and Aerospace Industry, Oil and Gas Industry, Healthcare Industry, Railway Industry, Others (Manufacturing and Factory Automation). The Internet Service Providers (ISPs) and Telecommunication Industry segment is expected to be the largest in the global Dark Fiber market.
Statistics
According to the data provides by the world bank organization, there was a continuous increase in the population that was using the internet across the world. In these, the outbreak of covid has led to a boom the internet users and the demand for the internet across the world. In the year 2016, 43% of the individual population was using the internet which rose to 46% in 2017. Then in 2018, it become 49%, in 2019 54%, and in 2020 60%.
Global Dark Fiber Market Share, by Segmentation
Dark Fiber Market Regional Analysis
By region, the global Dark Fiber market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region holds the largest market for the Dark Fiber business.
Dark Fiber Asia-Pacific Market
The Asia Pacific region is projected to grow in the Dark Fiber market. these are due to technological advancement and the large-scale adoption of the technology in the IT and telecommunication sector. Furthermore, there is an increasing need for heavy data handling in the logistics and manufacturing sectors.
Dark Fiber North America Market
North America is the largest region in the Dark Fiber market due to the high demand for fiber networks in various industries such as military, aerospace, telecommunication, and IT-enabled services. Furthermore, there is an increase in the adoption of 5G in various countries in the region.
Competitive Landscape
The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Because of their strategic innovations and broad regional presence, companies such as AT&T Intellectual Property, Colt Technology Services Group Limited, Comcast Corporation, Consolidated Communications, GTT Communications, Inc., CenturyLink, Inc., NTT Communications Corporation, Verizon Communications, Inc., Windstream Communications, and Zayo Group, LLC, lead the global Dark Fiber business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.
Prominent Players:
- AT&T Intellectual Property
- Colt Technology Services Group Limited
- Comcast Corporation
- Consolidated Communications
- GTT Communications, Inc.
- CenturyLink, Inc.
- NTT Communications Corporation
- Verizon Communications, Inc.
- Windstream Communications
- Zayo Group, LLC
Recent Development
- In September 2022, Zayo Group Holding Inc. announced the expansion of the fiber footprint in Latin America.
- In March 2021, Bluebird Network announced the expansion of network deployment plans to provide fiber access to more than 500 towers.
- In March 2021, Telecom Egypt announced to launch Hybrid African Ring Path by 2023.
Scope of the Report
Global Dark Fiber Market, by Type
- Single Mode Fiber
- Multimode Fiber
- Step-index Multimode Fiber
- Graded-index Multimode Fiber
Global Dark Fiber Market, by Network Type
- Metro
- Long Haul
Global Dark Fiber Market, by Material
- Glass
- Plastic
Global Dark Fiber Market, by End-User
- Internet Service Providers (ISPs) and Telecommunication Industry
- BFSI Industry
- IT Enabled Services
- Military and Aerospace Industry
- Oil and Gas Industry
- Healthcare Industry
- Railway Industry
- Others (Manufacturing and Factory Automation)
Global Dark Fiber Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
- Rest of the World
Parameters | Indicators |
Market Size | 2030: USD 14 Billion |
CAGR | 16% CAGR (2021-2030) |
Base year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2021 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Key Segmentations | Type, Network Type, Material, End-User |
Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
Key Vendors | AT&T Intellectual Property, Colt Technology Services Group Limited, Comcast Corporation, Consolidated Communications, GTT Communications, Inc., CenturyLink, Inc., NTT Communications Corporation, Verizon Communications, Inc., Windstream Communications, and Zayo Group, LLC |
Key Market Opportunities | The rise in the need for heavy data handling |
Key Market Drivers | Increase in demand for internet bandwidth, 5G networks, and cloud-based offerings |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Dark Fiber market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Dark Fiber market historical market size for the year 2020, and forecast from 2021 to 2028
- Dark Fiber market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Dark Fiber market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.