April 21, 2020
As per the report titled ‘Global Fiber to the Home Market Size study, Type (Less than 50 Mbps, 50 to 100 Mbps, 100 Mbps to 1 Gbps and 1 Gbps to 10 Gbps), Application (Internet TV, VoIP, VPN on Broadband, Virtual Private LAN Service and others) and Regional Forecasts 2019-2026’ available with Market Study Report LLC, global fiber to the home market was worth USD 10.4 billion in 2018 and is expected to grow with 15.1% CAGR during 2019-2026.
Rapid urbanization coupled with increasing government support towards smart city programs and rising internet penetration are some of the major factors fueling the growth of global fiber to the home market.
Fiber to the home (FTTH) refers to construction and usage of optical fiber to provide unlimited high-speed internet connectivity. The fiber from the central point directly is connected to individual premises, such as houses, apartments complexes, and enterprises. Highly secure communication and high-speed internet connectivity are the key benefits encouraging the use of these advanced networking systems.
The development of smart cities will serve as a major growth impetus for the market. Citing an instance, as per government sources, there are 1,000 smart city pilot projects across the world, 500 of which are housed in China. The nation has already spent USD 46.52 billion development of smart cities in 2017. Hence, sustaining investments for the development of smart cities across the world will play a key role in the expansion of FTTH network.
However, high installation cost of FTTH networks and lower disposable income in developing nations may hamper the market growth during the forecast period.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2570951/
As per the regional analysis, global fiber to the home market is divided into Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific currently dominates the FTTH market, owing to escalating demand for FTTH networks in emerging economies such as India, China, and Japan. Rapidly growing construction industry in the region is also supporting the regional market outlook.
Major players of global fiber to the home market are China Mobile Ltd., China Telecom, AT&T Inc., Verizon Communications Inc., Vodafone Group plc, Deutsche Telekom AG, Nippon Telegraph & Telephone Corporation, America Movil, Telefonica S.A., and Softbank Group Corp.