Growth in internet traffic across the globe and surge in adoption of internet among various enterprises are the major factors that drive growth of the dark fiber network market. In addition, growth in the telecommunication sector in emerging countries of Asia-Pacific and Europe is expected to fuel growth of the market.
However, high initial and maintenance costs for these dark fiber network cables hampers the market growth. Furthermore, adoption of optic technology devices by various industry verticals across the globe is expected to provide lucrative opportunities for the global dark fiber networks market.
Global dark fiber networks are growing at a very fast pace, making it a very competitive market. Hence, prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to maintain their position in the market.
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For Instance, in June 2020, Cityfiber started construction of their new 1Gbps capable fiber-to-the-home (FTTH) worth $50 million on their existing dark fiber network to support their existing expansion plans.
In May 2020, a joint dark fiber network initiative between Nextgenaccess, a UK provider of custom and wholesale full fiber network infrastructure and Next Generation Data (NGD) has been completed, which connects Bradley Stoke in Bristol to NGD’s hyperscale data center facility.
North America is expected to have the largest market share during the forecast period, owing to early adoption of technological advancements and presence of prominent players in the region.
In addition, Asia-Pacific is also expected to witness a significant growth, owing to the growth of emerging economies such as India, Japan, and China. These countries are witnessing a rapid development in the IT infrastructure, which is expected to put dark fiber network into service, which, in turn, boosts the market growth.
Major players include: AT&T Intellectual Property, Colt Technology Services Group Limited, Comcast, Consolidated Communications, CenturyLink, Inc., NTT Communications Corporation, Verizon Communications, Inc., Windstream Communications, and Zayo Group, LLC.
Impact of COVID-19 on Dark Fiber Networks Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global dark fiber networks market in 2020.
- Though governments have imposed lockdowns to contain spread of the virus, businesses have shifted to online mode and are encouraging work from home, which has led to rise in internet usage and heavy traffic load on service providers. Thus, dark fiber cables are used by service providers to provide higher bandwidth and provide secure network to their customers.
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