September 18, 2019
Global GPON market is projected to surpass USD 16 billion by the year 2024, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2024.
GPON networks are gaining popularity owing to the launch of new services such as IP television (IPTV) and Video on Demand (VoD) transmission along with the presence of high-speed internet. The network makes use of fiber optics to create a point-to-multipoint network which in turn grants access to individual users to any ethernet endpoint. Flexible infrastructure capacity, greater range up to 10 to 20 km, and lower costs are some of the features augmenting the demand of GPON networks.
Based on the component type, GPON market from OTN product segment is presumed to register 9% growth over the analysis period, on account of surge in adoption of data-driven application and need for high-speed broadband services. While, the managed service segment expected to grow with a CAGR of 11% through 2024, claims the report.
Speaking of the application spectrum, GPON market from FTTH segment is projected to contribute 40% share over the analysis timeline, owing to widespread adoption of network across residences to have easy access to high speed-internet.
On the basis of technology scope, XGS-PON segment is anticipated to grow with a CAGR of 12% over the forecast time frame. The segmental growth is credited to the ability of the technology to co-exist with NG-PON2 and GPON, which allows the users to deploy next-gen networks at low cost.
The XGS-PON segment in the GPON market is estimated to grow at a CAGR of around 12% over the forecast timeline. The market growth is attributed to the factor that XGS-PON can co-exist with GPON and NG-PON2, allowing operators to deploy the next-generation GPON networks at low costs. This allows them to extend their service offerings while delivering high-bandwidth services to their customers to support connectivity requirements.
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Considering the geographical landscape, North America is expected to dominate the global GPON market with 20% revenue share over the forecast timeline, pertaining to increasing implementation of FTTH network solutions to deliver high-speed internet services.